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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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COMMENTS
Showing 3 of 12 comments
OuttaHere
Aug 5, 2012 10:31 AM CDT
Damn, he may have to get a real job. No more pretending to be a CEO, Zuck.
Twiny
Aug 4, 2012 12:04 AM CDT
If I had to guess, I'd say that Facebook stock will stabilize somewhere around $15 to $18 dollars. In the long run though, it will be another Myspace. You can only bombard your users with ads for so long before they get tired of it. And I think Facebook is going to get a lot more invasive as Zucker and company desperately try to find new ways to grow their business.  
Observer
Aug 3, 2012 1:42 PM CDT
Shedding a tear for Zuck's downfall into poverty.

 
Facebook • Mark Zuckerberg • billionaires

 
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