You won’t find Adam Foroughi’s name among the world’s top 10 richest people. However, the AppLovin Corporation (NASDAQ:APP) CEO now ranks among the top leaders in a different category.
Applovin Stock Falls in 2026
AppLovin shares were hurt by short reports in 2025, but that may pale in comparison to the 2026 chart.
The stock, which is a member of the S&P 500, is down 53.8% year-to-date in 2026. This ranks third-worst among all stocks in the S&P 500 Index as of Thursday, according to data from Statmuse.
That fall reduced Foroughi’s net worth by $13.5 billion, or 53.9%.
Foroughi now ranks 317th on the Bloomberg Billionaires Index with a net worth of $11.6 billion. That’s less than half of the $25.1 billion he had at the end of 2025.
As co-founder of AppLovin, his wealth is closely tied to the company’s valuation. Foroughi owns an estimated 11% of the mobile and digital marketing company.
Foroughi has one of the biggest net worth drops by percentage in years. He ranks sixth worst in 2026 by dollars lost. The $13.5 billion drop falls short of the losses two other billionaires suffered.
Bernard Arnault and Larry Ellison have lost $70.1 billion and $47.2 billion, respectively, this year.
Foroughi’s Wealth History
The sharp loss in 2026 comes as Foroughi nears his peak wealth. The billionaire was valued at $27.3 billion back in December 2025.
That rise comes after being worth around $4.35 billion back in 2021 when AppLovin went public, before falling to a net worth of less than $1 billion in parts of 2023 as the stock fell.
Valued at $24 billion at its IPO, AppLovin is now worth more than $100 billion. Although Foroughi’s net worth fell by more than half in 2026, he remains worth far more than when his company went public five years ago.
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