Mark Zuckerberg loses over £62billion in a year and is now only world’s 22nd richest man

Mark Zuckerberg’s fortune has shrunk by around £62 billion this year as a result of his company’s shift to the metaverse.Information Guide Nigeria

After being the third richest man in the world two years ago, after only Jeff Bezos and Bill Gates, Zuckerberg is now the 22nd richest person alive.
That’s because the stock value of his company, Meta, has fallen since its rebranding from Facebook last autumn.

The outflow of users from Zuckerberg’s social networks hasn’t boosted his income. According to a February earnings report, Facebook added no new members for the first time in its history in the preceding three months.

When Meta’s stock price fell, Zuckerberg lost £27 billion ($31 billion) in a single day, triggering the first dramatic drop in his riches.

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Every year, Meta pays Zuckerberg $1 (87p). Instead, practically all of his wealth is derived from Meta stock, which he developed and owns more than 350 million shares of.

He previously stated that he anticipates Meta’s metaverse projects to lose ‘significant’ money over the next three to five years.

This month, the company’s top-secret metaverse VR gear was discovered left behind in a hotel room.

Videos of the Meta Quest Pro headset with three external cameras and futuristic controllers have leaked on Facebook.

The headset appeared a month before Meta’s Connect event, when Zuckerberg is expected to announce its new kit for use in the metaverse.

The metaverse is a concept referring to a 3D social internet, combining technologies like VR and augmented reality with social media.JAMB Result

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Emediong Ekpe

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing.

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