Meta-formerly-Facebook CEO Mark Zuckerberg’s net worth has dropped by $70.2 billion in 2022, dropping him 14 spots down to the 20th richest person in the world.
Zuckerberg’s net worth reached a peak of $140 billion in September 2021. When Zuckerberg announced the rebranding of Facebook to Meta, his net worth began to decline.
“My goal for these next set of platforms, they are going to be more immersive, and hopefully they’ll be more useful—but I don’t necessarily want people to spend more time with computers,” Zuckerberg began. “I just want the time that people spend with screens to be better,” Zuckerberg told Joe Rogan in August.
Meta reported their first ever quarterly decline in revenue from the previous year in July 2022.
In January 2021, Facebook suspended forty-fifth President Donald Trump from Facebook and Instagram for two years. “Facebook’s ruling is an insult to the record-setting 75m people, plus many others, who voted for us,” Trump wrote in a statement. “They shouldn’t be allowed to get away with this censoring and silencing, and ultimately, we will win. Our country can’t take this abuse anymore,” Trump added.
“Next time I’m in the White House there will be no more dinners, at his request, with Mark Zuckerberg and his wife. It will be all business,” Trump continued.
Trump has also slammed Zuckerberg for a $400 million donation he made to local election officers in 2020 to “adapt to changes in voting patterns that resulted from the pandemic,” according to Business Insider.
“Mark Zuckerberg, in my opinion, a criminal, is allowed to spend over $400 million and therefore able to change the course of a Presidential Election, and nothing happens to Facebook,” Trump wrote in an email. “Since our initial donation, there have been multiple lawsuits filed in an attempt to block these funds from being used, based on claims that the organizations receiving donations have a partisan agenda,” Zuckerberg responded in a statement.
“That’s false. These funds will serve communities throughout the country – urban, rural and suburban – and are being allocated by non-partisan organizations,” he added.
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Trump may be brought back onto Facebook in 2023, according to President of Global Affairs for Meta, Nick Clegg. “When you make a decision that affects the public realm, you need to act with great caution. You shouldn’t throw your weight about,” he said.