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

Silicon Valley founders and CEOs have had a rough year so far, losing billions of dollars in net worth.

Technology company billionaires make up 6 of the top 10 biggest losers so far this year, with losses approaching a quarter of a trillion dollars for the group.

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

But have no fears, he still ranks as the 20th richest billionaire as of Sept. 18, according to the Bloomberg Billionaires Index.