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Mark Zuckerberg loses half his wealth, now the 20th richest person in the world

Mark Zuckerberg loses half his wealth, now the 20th richest person in the world

With his wealth dropping by such a large margin, Meta founder Mark Zuckerberg is now ranked at number 20 in the world's richest person list.

Story highlights
  • Mark Zuckerberg loses 50 per cent of his net worth. 
  • Meta CEO's rank goes down to 20 on the Billionaires Index list. 
  • Elon Musk is still the richest person in the world.  

Meta founder Mark Zuckerberg is now 20th richest person in the world. As per latest reports, Zuckerberg has lost around 50 per cent of his wealth as of the third quarter of 2022. The year is proving to be a tough one for Meta head. In other news, Zuckerberg announced he and wife Priscilla Chan are expecting their third child.

Now, with his wealth dropping by such a large margin, Zuckerberg is now ranked at number 20 in the world's richest person list. Notably, Zukerberg's current net worth is the lowest since 2014. To be more specific, Zuckerberg's net wealth took a steep fall from USD 106 billion to USD 55.9 billion in the last two years. This simply means that, the Meta head has lost a whopping $71 billion, which is around half of his net wealth, so far.

Well, it is not just Zuckerberg who lost a major chunk of his wealth, but similar is the case with other billionaires. The world's richest person Elon Musk's net worth, also dropped by $6 billion. Bill and Melinda Gates also lost $27 and $26 billion, respectively. Even Amazon head Jeff Bezos faced a whopping $46 billion loss.

It is very recently that Zukerberg renamed Facebook as Meta Platforms. And it is only after Facebook was changed to Meta that his net worth dropped 14 spots in the index. As of May 2020, Zuckerberg
ranked third on the Billionaires Index list with a net worth of $87.8 billion.

Check out the list of the world's richest people as of 2022:

World's richest person as of 2022

- Elon Musk ($273.5 billion)
- Bernard Arnault ($154.7 billion)
- Gautam Adani ($152.2 billion)
- Jeff Bezos ($146.9 billion)
- Bill Gates ($104.6 billion)
- Larry Ellison ($96.8 billion)
- Warren Buffett ($95.9 billion)
- Mukesh Ambani ($91.4 billion)
- Larry Page ($88.8 billion)
- Sergey Brin ($85.2 billion)