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Zuckerberg’s wealth takes $71B hit

Meta Platforms CEO Mark Zuckerberg has seen his wealth cut by $71 billion this year, according to Bloomberg, which adds, «even in a rough year for just about every US tech titan, the wealth erased from [Zuckerberg] stands out.» The billionaire, whose wealth exploded to $142 billion in September 2021 when the company’s shares hit $382, has since dropped 14 spots in Bloomberg’s Billionaire Index. While the entire tech industry was hit hard by the economic downturn, Facebook, which rebranded as Meta in 2021, is down approximately 57% this year, compared to peers such as Apple or Alphabet (down 14% and 29%, respectively).