The CEO of Tesla, Elon Musk has retained his rating as America’s richest man on the Forbes list following his 11percent rise in an estimated $60.5 billion he added this year.
He is being trailed in the second and third places by Jeff Bezos and Bill Gates, Amazon and Microsoft founders respectively.
This was as the chief executive officer (CEO) of Meta (formerly Facebook), Mark Zuckerberg dropped out of the top ten richest men in the United States according to Forbes.
The American business magazine revealed this via The Forbes 400 list of the U.S.’ wealthiest people on Tuesday, stating that Zuckerberg lost more than half his fortune totalling $76.8 billion from September 2021.
According to Forbes, this is the first time the internet entrepreneur experienced such a fall since 2015, as he plummeted from the third position to number 11.
Mark Zgutowicz, an analyst at research and investment banking firm, Benchmark, disclosed that Facebook is not making money from advertising currently which has adversely affected the company’s owner. Forbes illustration of Mark Zuckerberg dropping out of top 10 richest Americans, “Facebook makes most of its money from advertising, and now it just doesn’t have that data anymore.