Mark Zuckerberg

2022 - 9 - 21

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Image courtesy of "The National"

Mark Zuckerberg's net worth has plummeted $71bn in 2022 (The National)

Meta shares have dragged the billionaire's personal fortune down to $54.6bn after disappointing second-quarter results and the company's first revenue ...

“It's always hard to predict how deep or how long these cycles will be, but I'd say that the situation seems worse than it did a quarter ago,” he said. [world’s second-richest person](https://www.thenationalnews.com/business/money/2022/07/03/richest-billionaires-lose-14tn-in-first-half-of-2022/) this month after adding $73.4bn to his personal fortune in 2022. [Larry Page and Sergey Brin](https://www.thenationalnews.com/business/money/google-co-founders-larry-page-and-sergey-brin-join-100bn-club-1.1202608) have dropped out of the $100bn club after their net worth fell $35.1bn and $34.2bn, respectively, this year, while Bill Gates lost $27bn. Today, Mr Zhao has a personal fortune of $31.4bn and is ranked the 35th-richest person in the world, according to the Bloomberg Billionaires Index. [Mark Zuckerberg’s net worth](https://www.thenationalnews.com/business/money/2022/02/04/mark-zuckerbergs-net-worth-plummets-29bn/) has fallen by about $71 billion in 2022, as the [stock market bear run ](https://www.thenationalnews.com/business/money/2022/09/16/why-i-plan-to-remain-calm-in-a-sea-of-stock-market-volatility/)continues to erode the personal wealth of many of the world’s technology billionaires. [fell out of the list of the world’s top 10 wealthiest people](https://www.thenationalnews.com/business/money/2022/02/04/mark-zuckerbergs-net-worth-plummets-29bn/) — and the elite $100bn club — for the first time since 2015, Reuters reported. [rising inflation and higher interest rates](https://www.thenationalnews.com/business/economy/2022/09/14/markets-rattled-as-us-inflation-exceeds-estimates/) — has increased [volatility in financial markets](https://www.thenationalnews.com/business/markets/2022/09/18/investors-seek-refuge-from-market-chaos-in-cash-despite-surging-inflation/), which fell into [bear territory earlier this year](https://www.thenationalnews.com/business/money/2022/06/14/why-investors-should-remain-optimistic-despite-the-bear-market/) after a 13-year bull run. With a net worth of $150bn, Indian business tycoon Gautam Adani edged out Mr Bezos to become the Mr Zuckerberg, however, is not the only tech billionaire to watch his personal fortune tumble on the back of falling technology stocks in 2022, as investors seek safety in lower-risk value sectors such as consumer staples, energy, financials and utilities. [Meta Platforms](https://www.thenationalnews.com/business/technology/2022/09/01/facebook-parent-meta-reportedly-sets-up-new-unit-to-plan-paid-features-across-its-apps/), formerly known as Facebook, is now the world’s 20th-richest person — down from a high of number three in 2021. [Tesla chief executive Elon Musk's ](https://www.thenationalnews.com/business/money/2022/04/27/elon-musks-net-worth-tumbles-by-29bn-as-tesla-shares-plunge/)$35bn single-day paper loss in November 2020, Reuters reported. “A significant component of many tech titans' wealth is linked to the concentrated positions in their founding companies, making them sensitive to the headwinds in the stock market.”

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Image courtesy of "Proactive Investors USA & Canada"

Mark Zuckerberg has a Meta-sized hole in his bank account after ... (Proactive Investors USA & Canada)

It's no wonder why tech entrepreneur Mark Zuckerberg wants to live in an online virtual reality “metaverse” given how his real-world financials are going.

While tech stocks have struggled across the board this year, with the tech-laden Nasdaq Composite down about 24% in the year to September, Meta has tumbled far further, having lost about 60% of its value. Contributing to Meta’s downfall were Facebook’s first-ever decline in user numbers in February 2022 and the company's spending of about $10 billion a year, or roughly 50% of its capital expenditure, to build out its “metaverse.” Zuckerberg kicked off the year with a $125 billion fortune, which has now fallen by more than 55% to about $53 billion, according to estimates by Bloomberg.

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Image courtesy of "news9.com KWTV"

Mark Zuckerberg's Net Worth Has Dropped $71B This Year (news9.com KWTV)

The stock market rout of 2022 has reduced the personal worth of plenty of tech billionaires, but none more than Meta CEO Mark Zuckerberg.

all you know right now is, essentially, it's going to cost a lot of money," he said. That's cause for concern for investors who see a surge in spending over the short term without the guarantee of a payoff. He pointed to [Alphabet](/storiesByEntityId/6241d21b6880e45323705061/Alphabet), whose earnings have held up better "because they're not as exposed to the iOS changes," he said. [Metaverse](/storiesByEntityId/632b1333587204e78d8b8a8c/Metaverse) underscores the trouble with its traditional business model, which relies on selling massive amounts of advertising against very specific user data. While the financial markets' tumble this year has deflated several tech billionaires' fortune by roughly a 3 on the Forbes [billionaires list](https://www.forbes.com/profile/mark-zuckerberg/?list=billionaires&sh=7919dc63e06d) last year to No.

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Image courtesy of "Minute Mirror"

Mark Zuckerberg drops 20 places on list of world's richest people (Minute Mirror)

Forbes has now calculated Zuckerberg's net worth to be $53.4 billion, down from Bloomberg's Billionaires Index's initial estimate of $125 billion. - ...

CEO of Tesla, Elon Musk continues to lead the list of the richest people, followed by Indian businessman Gautam Adani, who shot up the rankings this year. CEO of Meta, Mark Zuckerberg has lost $70 billion in worth and dropped 20 places on the list of the world’s richest people. When Zuckerberg announced a rebranding in October, becoming a meta-verse firm.

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Image courtesy of "IFLScience"

Mark Zuckerberg lost $71 Billion This Year, Plummeting Down ... (IFLScience)

Zuck was the world's 4th richest person in January 2022. Now he's 20th.

[pouring billions of dollars](https://decrypt.co/108201/after-177-billion-in-investment-why-do-metaverse-graphics-still-suck) and heaps of resources into this lofty project, but it has failed to capture peoples’ attention. [Meta](https://iflscience.com/tags/Meta) has seen some of the steepest declines. In October 2021, Facebook changed its name to Meta Platforms to "reflect its focus on building the metaverse," a virtual reality environment that links all of the company's products. There was the Facebook– [Bloomberg Billionaires Index](https://www.bloomberg.com/billionaires/). [Bloomberg](https://www.bloomberg.com/news/articles/2022-09-19/mark-zuckerberg-s-net-worth-is-down-71-billion-putting-focus-on-meta-s-woes).

Mark Zuckerberg's net worth declined more than $71 billion over the ... (Yahoo News)

The net worth of Meta CEO Mark Zuckerberg, once the third richest person on the planet, plummeted by more than 51% this year, knocking him down to the 22nd ...

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Image courtesy of "India TV"

Facebook founder Mark Zuckerberg loses half his wealth in 2022 ... (India TV)

This is also the largest loss for a billionaire listed on the Bloomberg Billionaires Index this year. As per the latest rankings, Zuckerberg has been placed in ...

As per the latest rankings, Zuckerberg has been placed in the 20th position after his net wealth declined from USD 106 billion to USD 55.9 billion in the last two years. The $71 billion loss comes as a result of Meta’s shares being in a downward freefall. This is also the largest loss for a billionaire listed on the Bloomberg Billionaires Index this year.

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Image courtesy of "Page Six"

Mark Zuckerberg is expecting third baby girl with wife Priscilla Chan (Page Six)

Mark Zuckerberg revealed that he and his pregnant wife, Priscilla Chan, are expecting a third baby girl. The couple already share daughters August and Max.

“I used to have meetings that ran really late,” Zuckerberg added at the time. “The thing that I’m most proud of and the thing that brings me the most happiness, is my family.” [he wed Chan](https://nypost.com/2012/05/20/facebook-founder-mark-zuckerberg-marries-sweetheart/) in May of the following year. “Happy to share that Max and August are getting a new baby sister next year!” Zuckerberg continued, referencing the “Lots of love,” he captioned a photo of his hand resting on the former pediatrician’s stomach. [via Instagram](https://www.instagram.com/p/CixYOYHrlE3/) on Wednesday that his wife, Priscilla Chan, [is pregnant](https://pagesix.com/article/pregnant-celebrities-2022/) with baby No.

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Image courtesy of "PEOPLE.com"

Mark Zuckerberg and Priscilla Chan's Relationship Timeline (PEOPLE.com)

Mark Zuckerberg and Priscilla Chan have been married since 2012. Here is a complete timeline of their relationship.

[their wedding photos](https://www.instagram.com/p/BUSps3QDTO-/) dressed as bride and groom. [Zuckerberg tells Jarvis](https://people.com/parents/mark-zuckerberg-ai-jarvis-teach-daughter-max-mandarin/) as he enters Max's room in a demonstration video. Seuss](https://people.com/parents/kj-apa-reads-dr-seuss-to-4-month-old-son/) books so many times you start inventing your own stories about the Vipper of Vipp. The app is voiced by [Morgan Freeman](https://people.com/tag/morgan-freeman/), and notifies the couple of their daughter's movements and speaks in Mandarin when Max is present. "10 years married and half our lives together," [Zuckerberg wrote](https://people.com/human-interest/mark-zuckerberg-priscilla-chan-recreate-wedding-snap-for-10th-anniversary/) alongside a photo of him and Chan sitting side-by-side in rocking chairs. [he wrote on Facebook](https://people.com/chica/mark-zuckerberg-two-month-paternity-leave/), which offers employees four fully paid months of maternity and paternity leave. Shared on Facebook, the clip shows August and Chan tag-teaming the dirty dishes in the sink and passing them off to Max to place in the dishwasher. Mark and I take both of them to the office to see what we do, how we contribute." [a guest told PEOPLE](https://people.com/celebrity/mark-zuckerberg-married/). Through the incredible highs and [tougher struggles](https://people.com/parents/mark-zuckerberg-talks-fatherhood-infertility-struggles/), they've never wavered in their love and support for one another. Chan wore a white sleeveless gown by Claire Pettibone and was escorted down the aisle by their [Hungarian sheepdog named Beast](https://people.com/pets/priscilla-chan-walks-down-the-aisle-with-beast-zuckerberg/). This is the first time she's on the cover of a magazine," Zuckerberg

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Image courtesy of "Business Insider"

Mark Zuckerberg and Priscilla Chan are having another baby (Business Insider)

Mark Zuckerberg is about to be a dad for the third time. The Meta CEO announced Wednesday that he and his wife, Priscilla Chan, are expecting their third ...

[born in 2017](https://www.businessinsider.com/mark-zuckerbergs-second-daughter-is-here-and-named-august-2017-8). [net worth has taken a beating](https://www.businessinsider.com/mark-zuckerberg-net-worth-fall-money-wealth-lost-meta-billionaire-2022-9) this year. Though he started 2022 with a $125 billion fortune, it's since nosedived $70 billion, or about 55%, following Facebook's rebrand to Meta and the company's [first-ever drop in user numbers](https://www.businessinsider.com/meta-facebook-user-numbers-shrink-first-time-ever-2022-2) this year. [who are college sweethearts](https://www.businessinsider.com/mark-zuckerberg-and-priscilla-chans-12-year-relationship-in-photos-2015-7), have been married since 2012 — their wedding day was one day after Facebook's initial public offering. "Happy to share that Max and August are getting a new baby sister next year!" The fund is backed by Zuckerberg's Meta fortune and aims to cure the world's diseases during their daughter's lifetime.

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Image courtesy of "Today.com"

Mark Zuckerberg, Priscilla Chan Are Expecting Third Baby (Today.com)

Mark Zuckerberg and Priscilla Chan are expecting baby number 3! The CEO of Meta, formerly known as Facebook, shared the family's news on Facebook and ...

"Being a mom is hard, and since we’ve had kids Priscilla has had a hard time sleeping through the night," Zuckerberg explained. Here’s to more adventures." Happy to share that Max and August are getting a new baby sister next year!" [Max's first word](https://www.today.com/parents/mark-zuckerberg-s-daughter-says-her-first-word-it-s-t104159) ("dog," after Beast, the family's Hungarian sheepdog) and [a video](https://www.facebook.com/zuck/videos/10107358208607761/?t=0) of the girls loading the dishwasher. "Lots of love. [Max](https://www.today.com/parents/facebooks-mark-zuckerberg-priscilla-chan-post-letter-newborn-daughter-max-t59086), who was born in 2015, and [August](https://www.today.com/parents/mark-zuckerberg-snuggles-baby-daughter-august-sweet-new-photo-t115908), born in 2017.

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Image courtesy of "Gizmodo"

It's Billionaire Baby Season: Mark Zuckerberg Is Welcoming His ... (Gizmodo)

It seems like all the billionaires are having babies right now. First, Tesla CEO Elon Musk suddenly announces secret twins. Now it's Meta CEO Mark ...

Unlike the first letter to Max, which was very long and serious, Zuckerberg and Chan’s letter to August seemed more lighthearted and personal. The new parents pledged to dedicate 99% of their Facebook shares, or about $45 billion at that time, to the initiative. [one day after](https://techcrunch.com/2012/05/19/day-after-ipo-mark-zuckerberg-marries-longtime-girlfriend-priscilla-chan/) Facebook’s initial public offering in 2012. In the letter, they announced the creation of the Chan Zuckerberg Initiative, which uses philanthropy and technology in an aim to eradicate disease and improve education. [Smile confidentlyByte](https://sp-trk.com/r/2tvkiift?pub=GOMedia&site=Editorial&campaign=IntelsioonbehalfofByte&url=https%3A%2F%2Fstck.media%2Fr%2Fintelsioonbehalfofbyte-gomedia-editorial-09-01-22) Chan and Zuckerberg

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Image courtesy of "E! Online"

Facebook's Mark Zuckerberg and Priscilla Chan Expecting Baby Girl ... (E! Online)

META founder Mark Zuckerberg and Priscilla Chan—who are parents to Maxima, 6, and August, 5—announced they're adding another little girl to their family: ...

But now, I make sure that three times a week, I'm home to give [Maxima] a bath." I grew up with three sisters and they taught me to learn from smart, strong women," Mark wrote in a "I used to have meetings that ran really late.

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