Mark Zukerberg, who slid out of the Top Twenty-Nine Richest List this year, lost close to 71 billion dollars

Mark Zukerberg, who slid out of the Top Twenty-Nine Richest List this year, lost close to 71 billion ...

Mark Zukerberg, who lost nearly 71 billion dollars this year, has dropped out of the Top-Twenty Wealthiest List.

Mark Zuckerberg, the founder of Facebook (formerly known as Meta), has dropped fourteen places and is no longer among the world's top twenty richest individuals. This year, Meta's founder suffered a loss of around 71 billion dollars. According to estimates, his fortune is currently valued at around 56 billion dollars.

Zuckerberg's fortune has dwindled in recent years as a result of his involvement in the meta world. The company, previously known as Facebook, which changed its name to Meta in October 2021, has had a tense time moving forward. As a result, the price of Meta's shares has reached an all-time low.

The initial investment in Metaverse by the company is one of the other factors that contributed to Meta's fortunes being deteriorated over time. According to the reports, Mark Zuckerberg is the owner of more than 350 million shares in the Metaverse company. The competition that Meta faces with tik-tok is also to blame for the company's losses. According to Laura Martin, the senior internet analyst at Needham & Co., the company's

According to reports, Meta, a California company that has its headquarters, is one of the most profitable in the industry in the year 2022. Apple, Amazon, and Alphabet Inc., both suffered losses of 14%, 26%, and 29% in comparison to this year.

Zuckerberg has made an effort to rebrand Meta in the recent months. He just released a video of himself doing some martial arts training. It is said that he made the announcement on one of the podcasts that he was a product designer. In the year 2020, Mark Zuckerberg had the third spot on this list.

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