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Mark Zuckerberg’s foray into the world of the metaverse has cost him the real world. This year has been a difficult one for almost every billionaire in America. Zuckerberg, CEO of Meta Platforms Inc., has nearly halved his wealth.
His wealth has dwindled to about $71 billion this year. His wealth has fallen the most in the ultra-rich category tracked by the Bloomberg Billionaires Index, and he currently ranks 20th on the billionaires list with $55.9 billion.
This is their lowest position since 2014 and they are behind three members of the Walton family and two members of the Koch family.
Let us tell you that 38-year-old Zuckerberg was worth about $ 106 billion until less than two years ago. Only Jeff Bezos and Bill Gates were ahead of him in the list of global billionaires. His wealth reached a peak of $142 billion in September 2021. At that time the price of his company’s shares had reached $382.
The following month, Zuckerberg started Meta and changed the company’s name from Facebook to Meta Platforms. From here the company’s bad days started and the company’s poor performance in the market continues. Presently, this company seems to be struggling to establish its foothold in the global market.
