Facebook is in decline - and Zuckerberg lost $70 billion of his value

Meta lost users, prestige and a third of its value - and founder Mark Zuckerberg's fortune dropped from $125 billion to $55 billion "only" which places him in 20th place on the list of the world's richest people.

Who is in the top five?

Walla!

Of money

09/21/2022

Wednesday, September 21, 2022, 10:13 am Updated: 10:23 am

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He drank from the bitter cup this year - and there is still no need to feel sorry for him (Photo: AP)

2022 is not the year of Facebook - or in its current name "meta".

For the first time in its short but significant history, the social network experienced a decrease in the number of users and a real drop in its value, among other things also because of its clashes with the regulator in several countries against the background of harming the privacy of users, being a platform for problematic messages and the international effort, mainly by developed countries, to oblige giants Technology in increased taxation.

How did Facebook's new status affect the founder and owner, Mark Zuckerberg?

Well, he dropped from the starting group of the world's richest (according to the Forbes ranking) to "only" 20th place.

Zuckerberg started this year with an estimated worth of about $125 billion, but dropped to the 20th place "only", with a fortune estimated at $55 billion - that is - a loss of about $70 billion in less than a year.

Unlike Zuckerberg, Elon Musk continues to smile all the way to the bank, with a value of 268 billion dollars (Photo: Reuters)

It should be remembered that part of the decrease in Zuckerberg's value is also due to his holdings in Meta (Facebook) which lost about a third of its value, after years in which it showed an increase in the number of users and revenues.

Zuckerberg did announce in April that he believes the company is investing now in order to lay the foundations for the wild decade (from 2030), but some doubt even that, in light of the fact that Facebook recruited only two-thirds of the number of engineers it planned to recruit this year.

And if you're talking about a table of the world's richest people (according to the Forbes ranking):

in first place is still Elon Musk, the man and Tesla, with a value of about 268 billion dollars.

Completing the top five: in second place - Indian billionaire Gautam Adani, followed by Amazon founder Jeff Bezos in third place.

In fourth place - the French luxury brand billionaire, Bernard Arnaud and closing the top-5, "Mr. Microsoft" Bill Gates.

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