Aww, Shucks! ‘Zuck’ No Longer One of World’s 40 Richest People

Billionaire's net worth has dropped $4.7B since FB went public

   

Facebook‘s (NASDAQ:FB) falling fortune has knocked Mark Zuckerberg — the company’s 28-year-old co-founder and CEO — off the list of the world’s 40 richest people, according to the Bloomberg Billionaires Index.

Zuckerberg’s net worth has dropped $4.7 billion — from $19.4 billion to $14.7 billion — since Facebook went public. Since FB shares continue to dip, it’s possible that the technological wizard could drop even farther down the billionaire ladder.

However, there are analysts who wouldn’t be surprised if FB options trading, which began yesterday, helped stabilize the company’s dreadful performance.

For now, Zuckerberg sits at spot No. 41 on the list, which is $800 million behind Colombia’s richest man, Luis Carlos Sarmiento.


Article printed from InvestorPlace Media, http://investorplace.com/2012/05/aww-shucks-zuck-no-longer-one-of-worlds-40-richest-people/.

©2013 InvestorPlace Media, LLC

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