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.

Tech billionaires make up six of the top 10 biggest losers so far this year, with group losses approaching a quarter of a trillion dollars.

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

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

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