{"id":494590,"date":"2022-09-20T16:44:16","date_gmt":"2022-09-20T13:44:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/mark-zuckerbergs-net-worth-slashed-by-more-than-half-this-year\/"},"modified":"2022-09-20T16:44:16","modified_gmt":"2022-09-20T13:44:16","slug":"mark-zuckerbergs-net-worth-slashed-by-more-than-half-this-year","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/mark-zuckerbergs-net-worth-slashed-by-more-than-half-this-year\/","title":{"rendered":"#Mark Zuckerberg&#8217;s net worth slashed by more than half this year"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2f7c493f1fc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2f7c493f1fc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/mark-zuckerbergs-net-worth-slashed-by-more-than-half-this-year\/#%E2%80%9CMark_Zuckerbergs_net_worth_slashed_by_more_than_half_this_year%E2%80%9D\" >&#8220;Mark Zuckerberg&#8217;s net worth slashed by more than half this year&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CMark_Zuckerbergs_net_worth_slashed_by_more_than_half_this_year%E2%80%9D\"><\/span>&#8220;Mark Zuckerberg&#8217;s net worth slashed by more than half this year&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Mark Zuckerberg\u2019s net worth has been slashed by more than half this year, ousting him from the top ranks of the world\u2019s richest as his company Meta struggles through an identity crisis, according to updated calculations.<\/p>\n<p>Zuckerberg, 38, has lost a whopping $71 billion in on-paper wealth since January \u2013 a period in which shares of the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> parent dropped to fresh lows. His net worth is now estimated to be $55.9 billion.<\/p>\n<p>That makes Zuckerberg No. 20 on the list of the world\u2019s richest individuals on the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/billionaires\/profiles\/mark-e-zuckerberg\/?leadSource=uverify%20wall\">Bloomberg Billionaires Index<\/a> \u2014 his lowest position since 2014. The Facebook creator started the year ranked sixth.<\/p>\n<p>That\u2019s a far cry from May 2020, when Zuckerberg was just behind Jeff Bezos and Bill Gates as the world\u2019s third-richest man with a net worth of $87.7 billion. Last September, his wealth swelled to an all-time high of $142 billion, landing him in fifth place just below titans like Elon Musk, Bezos, Bernard Arnault and Gates.<\/p>\n<p>The Post has reached out to Meta for comment.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>The downward trajectory began shortly after Zuckerberg announced that Facebook would rebrand itself as Meta and shift its focus toward the metaverse. The expensive initiative cost Meta $10 billion in investments last year alone and was widely panned by the public, as well as some company employees, according to reports.<\/p>\n<p>The metaverse push is just one headache for Zuckerberg, whose company has faced renewed congressional scrutiny since whistleblower Frances Haugen testified about Instagram\u2019s harmful impact on the mental health of teens last fall.<\/p>\n<p>The company is also contending with stagnating user growth on its platform during a time of stiff competition from rival social media platforms such as TikTok. In July, Meta reported the first quarterly revenue decline in its history as it contended with the fallout of a global economic slowdown and a struggling ad sales division.<\/p>\n<p>All these factors have resulted in headwinds for Meta, Laura Martin, senior internet analyst at Needham &amp; Co., told <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-19\/mark-zuckerberg-s-net-worth-is-down-71-billion-putting-focus-on-meta-s-woes\">Bloomberg<\/a>. She noted that the company is dealing with \u201cexcessive regulatory scrutiny and intervention\u201d and \u201chas to get these users back from TikTok.\u201d<\/p>\n<p>Shares of Meta are down nearly 60% since January. Most of Zuckerberg\u2019s wealth is tied to his stock holdings. Meta has performed worse than the tech-heavy Nasdaq index, which is down 27% over the same period.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/whatsapp-messenger-instagram-facebook-meta.jpg?w=1024\" alt=\"Meta apps\" class=\"wp-image-23929903\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/whatsapp-messenger-instagram-facebook-meta.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/whatsapp-messenger-instagram-facebook-meta.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/whatsapp-messenger-instagram-facebook-meta.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Meta\u2019s user growth has stagnated.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>In February, Zuckerberg lost about $30 billion of his on-paper fortune in a single day.<\/p>\n<p>Meanwhile, Meta has enacted cost-cutting measures as the economic outlook worsens, including a hiring slowdown. On June 30, Zuckerberg bluntly informed employees that the company would be \u201cturning up the heat\u201d in a bid to oust workers \u201cwho shouldn\u2019t be here.\u201d<\/p>\n<p>In the same all-hands meeting, Zuckerberg reportedly grew visibly frustrated after fielding a question from an employee about vacation time.<\/p>\n<p>Earlier this month, Bill George, a senior fellow at Harvard Business School, argued that Zuckerberg was \u201ccontinuing to derail\u201d Facebook.<\/p>\n<p>George noted that Zuckerberg \u201cgot rid of his team\u201d and began \u201cchasing money\u201d rather than properly focus on his business. He also accused the Meta boss of surrounding himself with sycophants rather than straight-talking advisers.<\/p>\n<p>\u201cHe has Sheryl Sandberg there. He had some senior mentors on the board. He pushed them all out,\u201d George told Yahoo Finance. \u201cHe\u2019s got a group of young people that are more like Mark\u2019s followers.<\/p>\n<p>\u201cIt\u2019s too bad that Mark is really derailing right in real time,\u201d he added. \u201cAnd I think, frankly, the wealth went to his head. Once you start chasing money, being the wealthiest guy around \u2014 we have seen the dangers of that.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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Zuckerberg, 38, has lost a whopping $71 billion&#8230;<\/p>\n","protected":false},"author":1,"featured_media":494591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/mark-zuckerberg-meta-feature-comp.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[122306,133448,70971,11154,5077,4976,70359,72439],"class_list":["post-494590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-meta","tag-9-20-22","tag-billionaires","tag-ceos","tag-mark-zuckerberg","tag-social-media","tag-stocks","tag-wealth"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/494590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=494590"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/494590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/494591"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=494590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=494590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=494590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}