Facebook’s Mark Zuckerberg lost more than 72% of his wealth in 10 months
Shock to Zuckerberg: For Mark Zuckerberg, CEO of Facebook’s parent company Meta, this year is no less than a nightmare. So far this year, his wealth has decreased by 72.50 percent, or $ 90.9 billion.
For Mark Zuckerberg, CEO of Facebook’s parent company Meta, this year is nothing less than a nightmare. So far this year, his wealth has decreased by 72.50 percent, or $ 90.9 billion. The largest part of his wealth is in Meta shares and so far this year it has broken more than 73 percent. On Thursday, it closed at $ 88.91.
The fall in Zuckerberg’s net worth has pushed him from second to 29th in the list of the world’s rich. Let us tell you that in addition to Facebook, the portfolio of Meta company includes WhatsApp, Instagram and Messenger.
According to the Bloomberg Billionaires Index, Mark Zuckerberg’s net worth as of November 3, 2021 was $124 billion, which has now come down to just $34.6 billion. Zuckerberg, who had a net worth of $121 billion on February 2, 2022, suffered a setback on February 4, when Meta’s shares fell sharply, leaving his wealth at $89.4 billion. After this shock, Zuckerberg has not yet recovered.
This Indian gave a blow to Facebook CEO Mark Zuckerberg
According to the company’s 2022 proxy statement, the majority of Zuckerberg’s wealth comes from a 13% stake in Meta Platforms (Facebook). Facebook is the largest social media network in the world. The Meta platform has about 3.6 billion active users every month, including about 2.9 billion on Facebook, according to company data as of January 2022. The company sold shares in an IPO on 17 May 2012, the largest technology IPO in history at the time.
