Zuckerberg Drops Out Of 10 Richest Men In US
Written by City Radio on September 28, 2022
Meta Chief Executive Officer, Mark Zuckerberg has lost his spot in the list of top 10 richest men in the United States for the first time since 2015, following the astonishing stock price drop in his company in the past year.
This was announced when Forbes released the 41st edition of its list of 400 America’s richest people.
The 38-year-old tech titan lost over half of his fortune ($76.8 billion) since September 2021 dropping him from the third richest man in the US to the 11th on the list now worth $57.7 billion, according to the new list released by Forbes on Tuesday.
The company, which has seen its stock price drop 38 percent in the last six months, has also faced increased government scrutiny on many fronts including an FTC antitrust investigation of Zuckerberg’s company.
According to Forbes, he has the cratering stock price of Meta to thank for his exit from the top 10.