The CEO (Chief) of Meta (formerly Facebook), Imprint Zuckerberg has exited the best ten most extravagant men in the US as per Forbes.
The American business magazine uncovered this through The Forbes 400 rundown of the U.S.’ most well off individuals on Tuesday, expressing that Zuckerberg has lost the greater part his fortune totalling a stunning $76.8 billion what began happening in September 2021.
According Forbes, this is the initial time the web business visionary experienced such a fall starting around 2015, as he plunged from the third situation to number 11.
Mark Zgutowicz, an expert at exploration and venture banking firm, Benchmark revealed that Facebook isn’t bringing in cash from promoting at present which has unfavorably impacted the organization’s proprietor.
“Facebook makes most of its money from advertising, and now it just doesn’t have that data anymore. All those data signals went away, which basically means that advertisers are having trouble telling whether a campaign was successful or not,” Zgutowicz said.
Zuckerberg first became a billionaire in 2008, just four years after founding Facebook. At 23, he was the youngest self-made billionaire at the time, debuting at No. 321 on The Forbes 400, worth $1.5 billion.
However, by 2011, Zuckerberg’s net worth had increased nearly 12-fold to $17.5 billion.
The richest American on the Forbes list is the CEO of Tesla, Elon Musk due to his 11% rise in an estimated $60.5 billion added this year.
The second and third richest men are Jeff Bezos and Bill Gates, Amazon and Microsoft founders respectively.