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Mark Zuckerberg's pivot into the metaverse has cost him dearly in the real world. Even in a rough year for just about every US tech titan, the wealth erased from the CEO of Meta Platforms Inc. stands out.
According to Bloomberg, Facebook parent company Meta CEO Mark Zuckerberg's layout of the Metaverse cost him dearly in the real world. Zuckerberg’s net worth has shrunk by more than half this year to $71 billion (nearly 500 billion yuan), the most among the super-rich tracked by the Bloomberg Billionaires Index.
Meta: Mark Zuckerberg’s $71 Billion wealth wipeo
The tech billionaire’s wealth has been cut in half since he changed Facebook’s name to Meta. But that’s not his only problem.
Mark Zuckerberg's insistence on pivoting Facebook (now known as Meta) to focus on a digital metaverse appears to be costing him dearly, with his fortune dropping by $71 billion, or about half his overall wealth, this year alone.