Mark Zuckerberg’s wealth dropped to $71 billion this year: Report

Facebook co-founder Mark Zuckerberg’s wealth has dropped by a whopping $71 billion ( ₹5.65 lakh crore) this year, the maximum for a billionaire being ranked on the Bloomberg Billionaires Index. The Meta CEO now ranks 20th among global billionaires, the lowest spot since 2014, Bloomberg reported.

Less than two years ago, the 38-year-old Facebook co-founder was worth $106 billion ( ₹8.44 lakh crore) and was in the elite group of global billionaires with only Jeff Bezos and Microsoft co-founder Bill Gates commanding bigger fortunes. Zuckerberg’s fortune rose to the peak of $142 billion in September last year, after the company’s shares touched $382.

In October last year, Zuckerberg introduced Meta and renamed the company’s name from Facebook Inc. Since, then the company has gone downhill, the Bloomberg report stated.