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Mark Zuckerberg's net worth has drop by a whooping 71 billion United States dollars ($71b) as of 2022.
Welcome to diggwebsite.com as we digg a little into the current net worth of Mark Zuckerberg, the tech boss of the world's largest media company known as Meta.
What Is Mark Zuckerberg Net Worth in 2022?
As of the time of this writing in 2022, Mark Zuckerberg's net-worth is reportedly at an estimated 53.4 billion United States dollars ($53.4bn), making Mark the 20th richest man in the world.
Report has it that the former third world ranking richest man and founder of Meta formerly known as Facebook, Mark Zuckerberg has transited down to the 20th number on the ranking list of the world richest and wealthiest men.
This has an historical remark as since 2015, Mark Zuckerberg has always ranked on the list of top 10 richest men in the world as well as on the list of the 100 billion dollars elite club (the elite 100b club, precisely).
Meanwhile, it has been reported that many other billionaires who have held high ranking positions have equally drop by certain percentages.
The likes of Amazon Group CEO Jeff Bezos, Tesla Chief Executive officer Elon Musk, Binance founder Changpenz Zhao and others are also on the list.
But that of Mark Zuckerberg has be traced back to his introduction of Meta as the new name for the world's largest media company formerly known as Facebook.
Why Did Mark Zuckerberg Net Worth Drop So Drastically In 2022?
According to the National News, Mr Valecha, the Chief investment office of Century Financial commented that "The much-awaited Metaverse hasn't yet started to pan out as Zuckerberg had envisioned, propelling investors to doubt his visionary plans.”
He also added that “An unfavourable macro environment, coupled with temporary headwinds at the organisational level, is hurting the Meta stock, resulting in Zuckerburg's wealth dropping substantially.”
It is worth knowing that the biggest fall of Meta which occured on the 4th of February 2022, led to the declination of Mr Mark Zuckerberg's networth by 29 billion United States dollars ($29b).
Subsequently, the drop has contributed to personal Mark's networth dropping massively to a loss of 71 billion United States dollars ($71b) as it affects his shares as well.
For us, we would that just as every other years, the 2022 economy can be likened to the market stock investment which is always volatile.
While things rise on the positive side, we should always expect a negative side so as to prepare ahead of time for it.
Actually, the Metaverse carries the stock market structure and the decline in investors since the change of name has played an important role in the course.
We hope for the best while looking out for the rest. Let us know what you think in the comments section.