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Mark Zuckerberg’s $71 Billion Wealth Wipeout Puts Focus on Meta’s Woes

Even in a rough year for tech billionaires everywhere, the Meta CEO’s losses stand out.

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Zuckerberg's $71 Billion Wealth Wipeout

Mark Zuckerberg’s pivot into the metaverse has cost him dearly in the real world.

Even in a rough year for just about every US tech titan, the wealth erased from the chief executive officer of Meta Platforms Inc. stands out. His fortune has been cut in half and then some, dropping by $71 billion so far this year, the most among the ultra-rich tracked by the Bloomberg Billionaires Index. At $55.9 billion, his net worth ranks 20th among global billionaires, his lowest spot since 2014 and behind three Waltons and two members of the Koch family.