The owner of "Meta Platforms," Mark Zuckerberg, lost more than half of his wealth during the current year 2022, which was estimated at the end of November 2021 to be about 125 billion dollars, according to data revealed by the Bloomberg Billionaires Index.

According to data from the Bloomberg Index, which monitors the daily ranking of the world's richest billionaires, Zuckerberg's wealth decreased from 125 billion dollars on January 1, 2022, to 55.3 billion dollars on September 20, with a loss of 70.2 billion dollars in about 9 months (equivalent to a 55.9% loss of his wealth).

Mark Zuckerberg dropped to number 20 on the list of the richest billionaires in the world, marking his lowest ranking since 2014, in the list currently topped by American billionaire and CEO of "Tesla" and "SpaceX," Elon Musk, with a wealth of 268 billion dollars.

According to the "Companiesmarketcap" website, Meta was excluded from the list of the top 10 companies in the world, after losing about two-thirds of its market value during the year to reach only 393.2 billion dollars, a decrease of 63.5% over the past 12 months.

Mark Zuckerberg's Company Losses

Meta's shares also lost 13.4% during the past week, approaching their lowest level since March 2020.

Last October, Mark Zuckerberg officially changed the name of "Facebook" to "Meta," and since then it has suffered a series of harsh losses, especially after Apple's update to the iOS operating system privacy, which made it difficult for the company to target ads, alongside the rise in popularity of competitor company "TikTok".

A study conducted by the Pew Research Center last August showed that 67% of teenagers in the United States prefer using the TikTok app, coinciding with a decline in the number of Facebook users among this age group to 32% in 2022.

According to the study, YouTube and TikTok topped the entertainment platforms most attractive to American teenagers in 2022, excluding video games.

The study also said that the percentage of Americans aged between 13 and 17 who browse Facebook dropped from 71% in 2015 to 32% in 2022. TikTok is used "sometimes" by 67% of teenagers in the United States and "almost constantly" by 16% of them.

TikTok strongly competes with other social networks that have had to adopt similar formats based on short video clips to keep up with what interests young internet users.