Mark Zuckerberg, an American business magnate and internet entrepreneur has finally slid down from the list of the top ten American wealthiest people after he had lost over $76.8 billion in one year.
The 38-year-old Facebook founder who had also lost more than half of his fortune, $76.8 billion since September 2021 had dropped unexpectedly from the number three position to number 11 on the Forbes 400 list of America’s wealthiest people, due to the state of his company’s staggering stock price drop.
In October 2021, Facebook had announced that they would officially become Meta.
Meta’s Instagram and Facebook have also been revealed to be losing its middle age and teenage customers to their counterpart, TikTok and Facebook had reported its first-ever quarterly loss of daily active users in February.
As of Tuesday, September 27, Zuckerberg’s net worth stands at $57.7 billion.
Zuckerberg had also became a billionaire in 2008 at the age of 23 and he had debuted on the Forbes 400 list at number 321 with a worth of $1.5 billion.
On the new Forbes 400 list, Elon Musk who is also worth about $251 billion reigns supreme and the Amazon founder Jeff Bezos who is worth about $151 billion and Microsoft founder Bill Gates, worth $106 billion compete for the top 3. Software mogul Larry Ellison is also sitting at number four with $101 million, just above investor Warren Buffet at $97 billion.
Alphabet co-founders Larry Page and Sergey Brin, who had also seen most of their net worth drop have finally taken the fourth and fifth spots.
Ex-Microsoft CEO Steve Balmer sits at number eight with a worth of $83 billion.
Other than Musk, the only other person in the top ten to see their fortune increase is Michael Bloomberg. Jim Walton, the youngest son of Walmart founder, Sam Walton, rounds out the top ten with a worth of $57.9 billion.