If you are having a bad day, remember someone else is facing the real world with their virtual world fails. The crypto world is facing winter. Mark Zuckerberg seems to be witnessing a heavy fall. Zuckerberg’s net worth is reportedly down by $71 billion, which is more than half of his fortune.
Last month, Zuckerberg posted a selfie from Horizon Worlds, their metaverse property launched in France and it got a lot of attention but for all the wrong reasons. Zuckerberg’s avatar was a laughing stock on the internet as it has a baby face and weird eyes. The post also features the Eiffel tower in the background which is, for some reason, smaller than Zuckerberg’s avatar. Everything about Meta’s virtual space from Horizon Worlds has been trolled on the internet ever since.
Meta spent $18 billion on its Horizon Worlds project and the first looks of it misfired. From there, it has been struggling to get back on the feet and now is harming Zuckerberg more than anyone can think.
Mark Zuckerberg has more than 350 million shares in his company, Meta, which is almost all of his wealth.
Less than two years ago when Zuckerberg’s net worth was reported more than $146 billion, making him a competitor with Bill Gates and Jeff Bezos. The wealth decline has dropped him 14 spots in the list of world’s richest. At $55.9 billion, his net worth ranks 20th among global billionaires, his lowest spot since 2014.
This story is a continuation of the news that was featured in one of our newsletters dedicated to metaverse news called ‘Oscillating in Metaverse’. To stay updated, subscribe to ometaverse.substack.com.