This Silicon Valley Tycoon Has Lost Half His Net Worth This Year

This Silicon Valley Tycoon Has Lost Half His Net Worth This Year

Silicon Valley’s founders and CEOs have had a difficult year so far, losing billions of dollars in assets.

Billionaires from tech companies make up 6 of the top 10 biggest losers to date this year, with losses of nearly a quarter of a trillion dollars for the group.

Topping this dubious list is Mark Zuckerberg, the founder of Facebook, now called Meta Platforms (META) . Zuckerberg is down a whopping $70.8 billion so far this year, or 56%.

But fear not, he is still the 20th richest billionaire according to the Bloomberg Billionaires Index as of September 18.

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