Wiping out wealth brings Zuckergerg down to 20th global rank

The year 2022 has not been a good news for the multi-billioner FB tycoon. This year Mark Zuckerberg’s $71 Billion wealth has been victimized of its own wipe-out coming to At $55.9 billion.

Putting focus on Meta struggle is considered the prime cause of the financial debacle bringing Mark Zuckerberg’s net worth to the twentieth rank among global billionaires. This is his lowest spot in last eight years since 2014.

It was May 2012 when Zuckerberg took the company public with majority shares. Prior to this five years ago in the year 2007 he became the world’s youngest self-made billionaire at the age of twenty three.

Now in accordance with Forbes’ Real Time Billionaires’ list, September 2022 witnesses , Zuckerberg’s financial fall down fetching his net worth to $52.8 billion.

Famous for being cofounder and chief executive officer of Facebook, Mark Zuckerberg founded the world’s largest social network Web site. In the year 2004 he launched the social media platform during his studies at Harvard University along with four other students.

Zuckerberg’s wealth appears almost tied up in Meta stock lately. Holding more than 350 million shares, as per the company’s latest proxy statement, shows a confusing state of the management.