Mark Zuckerberg loses over £62billion in a year, is now world's 22nd richest man

Mark Zuckerberg‘s fortune has shrunk by around £62billion this year following his company’s shift towards the metaverse.

After being the third richest man in the world two years ago, behind only Jeff Bezos and Bill Gates, Zuckerberg is now the 22nd wealthiest person alive.

That’s because the stock value of his company, Meta, has plummeted following its rebrand from Facebook last Autumn.

Zuckerberg’s fortune also hasn’t been helped by the exodus of users from his social networks. An earnings report in February revealed that Facebook gained no new users for the first time in its history in the previous three months.