Mark Zuckerberg has lost more than half of his fortune in 2022

He is not the only billionaire who sees his wallet deflated, to put it in some way, but he is the one who has suffered the most in 2022 with the ups and downs of the business world. We are talking about the creator of Facebook, Mark Zuckerberg, who this year has lost no less than US$70.2 billion (more than the GDP of Nicaragua, El Salvador and Honduras combined)in what for many experts is nothing more than a demonstration of how lost Meta, the new name of Facebook, is in its search for new directions.

Zuckerberg, who in September 2021 became among the three wealthiest human beings in the world, only behind Jeff Bezos (Amazon) and Bill Gates thanks to his enviable US$142 billion, today he has an estimated fortune of US$55.3 billion (at the beginning of 2022 he had US$125 billion). With those savings, he barely ranks 20th on the Bloomberg billionaires list, his worst position in eight years.

His fall began shortly after almost reaching the top, and with Facebook’s change of identity to Meta and its commitment to the metaverse, things have only gotten worse. Users on the social network stopped growing for the first time in 2022 and the company’s shares plunged. And since Zuckerberg has 350 million of those shares, his funds were severely depleted. There was a session in which his personal wealth lost US$31 billion.

THE LOSSES AROUND ZUCKERBERG

Compared to its competitors, Meta Platforms, Facebook’s stock name, is faring the worst, down 57%. Only Netflix has lost more value this 2022 (60%). Currently, the list of the richest in the world is headed by Elon Musk, the director of Tesla, who has a net worth of US$256,000 million.

Indian Gautam Adani, founder of a multinational port company, who has US$155.5 billion, became the second richest person in the world, according to Forbes’ real-time ranking of billionaires.

Meta closed this Tuesday with a capitalization of US$454,000 million, its worst performance since March 2020, when the coronavirus pandemic began. Until a year ago, Zuckerberg’s company had exceeded a trillion dollars in its stock market valuation.

But its sharp decline can be seen in the following figures: Since September 13, 2021, Meta has lost US$618 billion, the equivalent of Belgium’s GDP, according to the World Bank.

D.W.

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Mark Zuckerberg has lost more than half of his fortune in 2022