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Mark Zuckerberg Net Worth After Losing $71 Billion (2022)

This year, Facebook founder Mark Zuckerberg’s net worth decreased. According to the New York Post, Zuckerberg lost a total of $71 billion, or more than half of his net worth.

How did Facebook founder Mark Zuckerberg lose so much money?

Since the beginning of the current year, Zuckerberg’s wealth has decreased from $125 billion to $53.4 billion. According to Insider, since its massive rebranding, Meta has had a difficult year.

According to the New York Post, the rebranding of Facebook to Meta and its focus on the “metaverse” cost $10 billion in investments last year alone.

According to Bloomberg, the company reported a decrease in Facebook users in February, causing the stock price to plummet.

Another factor contributing to Meta’s decline and Zuckerberg’s wealth is the brand’s controversy, which began when Frances Haugen leaked research findings that Instagram influenced eating disorders and suicidal ideation in adolescent girls.

TikTok has displaced users from meta social networks. The video platform has been Meta’s competition. In July, the company reported its first-ever revenue decline.

Meta’s decline in revenue

How Powerful Is Mark Zuckerberg? - The Atlantic

According to Fortune, Meta lost $2.96 billion in the first three months of this year.

The New York Times attributes a portion of this decline in revenue to Apple’s App Tracking Transparency, which allows iPhone users to decide whether they want apps such as Facebook to track their online activities to target advertisements.

The update from Apple provides Facebook with fewer data points to generate revenue from its primary source of income, advertising.

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Mark Zuckerberg’s net worth(Update)

Mark Zuckerberg is an American entrepreneur and philanthropist in the field of technology with a net worth of $51 billion. Mark Zuckerberg has spent the majority of the last decade as one of the world’s wealthiest individuals. Mark is the youngest of the top 100 richest people in the world. He is the youngest of the top 30 by more than a decade.

According to Celebrity Net Worth, Mark Zuckerberg’s Net Worth After the update is $51 Billion.

Unsurprisingly, the vast majority of Mark’s wealth is attributable to his Facebook shares. Mark currently owns approximately 400 million Facebook shares, which are divided into various classes with varying voting rights. He owns approximately 12 million Facebook Class A shares and 365 million Facebook Class B shares, or approximately 81% of all Class B shares. Through these Class B super-voting shares, Mark holds 53% of the company’s voting rights. Mark technically also controls Dustin Moskovitz’s Class B voting rights, giving him approximately 58% of the company’s total voting power.

Quick Facts

Net Worth: $51 Billion
Salary: $1 Dollar Per Year
Date of Birth: May 14, 1984 (38 years old)
Gender: Male
Height: 5 ft 8 in (1.75 m)
Profession: Programmer, Entrepreneur, Businessperson
Nationality: United States of America

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