The first Mark Zuckerberg to drop out of college. He is now dropping out of the top ranks of the world’s richest rankings.
While he’s still doing well with his total net worth of $55 billion, this is an almost unbelievable drop from where he was at the beginning of this year, when his net worth topped $125 billion and appeared to be heading towards $150 billion.
Zuckerberg has always declared that he is not interested in the trappings of personal wealth and the rankings of the world’s richest people. This is good news because as of this writing, Mark is no longer one of the 20 richest people in the world. According to our statistics, now he is in 22nd place on the list of the 100 richest people in the world (our list includes Vladimir Putin with a price of $70 billion).
At the beginning of the year, Mark was the fourth richest person in the world after Elon Musk, Jeff Bezos and Bill Gates, respectively. It’s amazing to see how much wealth Zuck lost over the course of those many months.
Drew Angerer / Getty Images
how did that happen? Zuckerberg and his Facebook/Meta empire saw some steep drops in stock market prices over the course of 2022, and it was these dips that managed to wipe out $70 billion from his private net worth, the bulk of which is related to Facebook stock. . Of course, Facebook is not the only company that has seen its fortunes decline in the stock market in a volatile economy, but it is worth noting that Musk, Bezos and Gates all remained in the list of the five richest people in the world with the downfall of Zuckerberg. out of the top 20.
Zuckerberg has traveled a rocky road in an effort to get his virtual reality “Metaverse” off the ground, while at the same time seeing much of the popularity of Facebook and Instagram devoured by rival video platform TikTok. It remains to be seen whether or not he will see any kind of bounce in the near future.
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