Mark Zuckerberg had a rough 2018. Facebook was plagued by scandal and data breaches, and Zuckerberg's wealth shrank along with his company's fortunes.
The Facebook CEO's net worth fell by $9 billion. He slipped three places on the Forbes 2018 global billionaires list, which the publication released Tuesday. The magazine now estimates Zuckerberg's net worth to be $62.3 billion — down from $71 billion last year. Facebook had a brutal 2018: The company was battered with data breaches and multiple government investigations into its practices. Its stock lost more than a fifth of its value.
Only two people in the top 20 of the list are women. The granddaughter of LOreal's founder, Francoise Bettencourt-Meyers, is in 15th place with $49.3 billion. Alice Walton of the Walmart family in 17th place with $44.4 billion. Forbes said that the number of billionaires shrank for only the second time in a decade, citing last year's tumultuous stock market and slowing global economy.The total combined net worth for its billionaires shrank $400 billion to just $8.7 trillion.
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