Mark Zuckerberg's , Net Worth Has Plunged in 2022.<br />So far, Meta CEO Mark Zuckerberg's <br />net worth has plummeted by <br />$70 billion dollars in 2022. .<br />Business Insider reports that the drop <br />has bumped Zuckerberg down to <br />the 20th richest person in the world.<br />According to Bloomberg's Billionaire Index, <br />Zuckerberg's estimated worth was at <br />$125 billion at the beginning of 2022. .<br />Since then, that number has , fallen to $55.3 billion, , a loss of over 55%. .<br />Forbes now estimates , the Meta CEO's net worth , at $53.4 billion.<br />The past twelve months have been <br />tumultuous for Meta, which owns Facebook, <br />Instagram, WhatsApp and Oculus. .<br />The past twelve months have been <br />tumultuous for Meta, which owns Facebook, <br />Instagram, WhatsApp and Oculus. .<br />The company announced it would <br />shift to a 'metaverse' and unveiled <br />a massive rebrand in October of 2021.<br />Following the announcement, <br />Facebook went on to report <br />its first-ever decline in users.<br />In the last quarter of 2021, <br />the social media platform lost <br />nearly one million daily active users.<br />In the second quarter,<br />Meta's net income dropped 36%, <br />which resulted in a loss of over $3 billion.<br />This year, Meta has cut down on hiring <br />amid an economic downturn, which has <br />sent shockwaves through the tech sector.<br />According to Reuters, <br />Meta reduced its hiring target for <br />engineers in 2022 by nearly a third
