Zuckerberg No Longer Among Tech's 10 Richest

Facebook's plunging shares cost him $423M yesterday

By John Johnson,  Newser Staff

Posted Aug 3, 2012 11:58 AM CDT

(Newser) – Facebook's sinking stock shares have cost Mark Zuckerberg some bragging rights among his tech peers. As unfathomable as it might seem to ordinary folks, Zuckerberg's worth dropped by $423 million yesterday, reports Bloomberg. His fortune is now figured to be $10.2 billion, about $400 million less than James Gooodnight, co-founder of software maker SAS Institute. The slip means Zuck is now out of the top 10 list of the richest tech titans, with Goodnight taking his place. (No. 1 is Bill Gates, at $62 billion.)

Facebook CEO Mark Zuckerberg smiles at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, Thursday, July 12, 2012.
Facebook CEO Mark Zuckerberg smiles at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, Thursday, July 12, 2012.   (AP Photo/Paul Sakuma)
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