This Silicon Valley mogul has lost half of his net worth this year

This Silicon Valley mogul has lost half of his net worth this year

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

The tech billionaires account for 6 of the 10 biggest losers so far this year, with losses approaching a quarter of a trillion dollars for the group.

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

But fear not, he still ranks as the 20th richest billionaire as of September 18, according to the Bloomberg Billionaires Index.

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