This S&P 500 Stock Is One of the Worst, CEO's Net Worth Drops 53% in 2026

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. Read Also: AppLovin Stock Drops After Analyst Calls It a 'Show-Me Story' 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. Read Also: Full Transcript: AppLovin Q2 2026 Earnings Call Image via Shutterstock