Following a series of massive financial hits to his business, Facebook founder Mark Zuckerberg is no longer one of the 10 richest people in America. He was unceremoniously dropped off the list following the loss of half of his fortune in the last year.
, losing a massive $76.8 billion since September 2021 which dropped him from the number three spot on theFormer New York City Mayor Mike Bloomberg Zuckerberg is still worth $57.7 billion, a figure calculated based on stock prices from September 2. Zuckerberg now falls behind Walmart heir Jim Walton, former New York City mayor Michael Bloomberg, and fellow tech entrepreneurs such as ex-Microsoft CEO Steve Ballmer and Google founders Sergey Brin and Larry Page.
Less than two years ago, Zuckerberg was worth $106 billion and ranked among an elite group of billionaires with only Jeff Bezos and Bill Gates placing above him in terms of personal wealth. In September 2021, Zuckerberg’s own worth reached $142 billion when Facebook shares reached as high as $382. In February, Facebook revealed no growth in monthly users which triggered a historic collapse in its stock price and cut Zuckerberg’s fortune by $31 billion. Facebook’s app Instagram has also been attempting to, its TikTok competitor, despite it being worth less in advertising revenue and many users complaining about the app’s pivot towards video.
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Mark Zuckerberg Is No Longer One Of The 10 Richest AmericansMark Zuckerberg has lost more than half his fortune—a staggering $76.8 billion—since September 2021, dropping him from No. 3 on The Forbes 400 list of the U.S.’ wealthiest people to No. 11. Forbes400
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Mark Zuckerberg Is No Longer One Of The 10 Richest AmericansMark Zuckerberg has lost more than half his fortune—a staggering $76.8 billion—since September 2021, dropping him from No. 3 on The Forbes 400 list of the U.S.’ wealthiest people to No. 11. Forbes400
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