Mark Zuckerberg Falls Off Top 40 Richest People List
11 months ago
Facebook CEO's worth drops as does the site's stock
Mark Zuckerberg is rich, but not as rich as he used to be. The Facebook founder no longer appears on the list of the world’s 40 richest people, according to the Daily News.
The 28-year-old CEO lost his title in less than a week - on Tuesday he was worth $14.7 billion, down from $16.2 billion on May 25.
This news come on the tail of his floundering Facebook shares since the social-networking company went public
[ALSO READ: Artist Paid in FB Stock Now Worth $200M]
When the stock debuted on the Nasdaq on May 18, it closed at $38.23 and Zuckerberg’s net worth totaled $19.4 billion. It was announced today that the stock has already fallen below $30.
No. 1 on the list was Mexican telecom czar Carlos Slim Helu, (worth $67.9 billion), who is ahead of Microsoft founder Bill Gates ($60.5 billion) and Berkshire Hathaway CEO Warren Buffet ($44.7 billion).