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

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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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