Seems like nobody’s had the roughest one year than Mark Zuckerberg as the Facebook founder, who now runs the rebranded platform called Meta, has lost the most amount of money than anyone else in the world in that period of time.
Mark Zuckerberg’s net worth fell $11 billion to $36 billion as the company’s shares plummeted a day after it reported dismal quarterly earnings.
Not only this, Meta shares fell 25% to $97.94, pushing the stock to its lowest point since December 2016. In its third quarter earnings released, the social media giant reported a 50% decline in profits and revenue sliding by 4%, far below analyst expectations.
Zuckerberg holds more than 350 million shares in Meta, according to the company’s latest proxy statement. At one point, he was third on the Bloomberg wealth index, trailing only Jeff Bezos and Bill Gates. And today, he ranks at 23rd.