Mark Zuckerberg Falls From 40 Richest: Is His Reign Over?
SodaHead News
2012/05/31 13:00:00
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Earlier this week, we reported that Facebook shares had dropped below the $30 mark after opening at $38 on May 18. It's steadying off a little bit, but the plunge was enough to knock founder Mark Zuckerberg off of Bloomberg's Billionaire Index, which measures the wealth of the 40 richest people in the world. It's not like he's going to struggle for his next meal or anything -- he's still got about $14 billion lying around -- but losing $5 billion in under two weeks has got to sting.
He'll have to break Colombian holding company founder Luis Carlos Sarmiento's $15.1 billion to make it back onto the list. With how fast Facebook stock is moving, it's not entirely unrealistic to say it could happen. He does still own 503.6 million shares, according to The Chicago Tribune. But at the moment, it's not looking good. Could this be the end of the Age of Zuckerberg, or will he rise again?

He'll have to break Colombian holding company founder Luis Carlos Sarmiento's $15.1 billion to make it back onto the list. With how fast Facebook stock is moving, it's not entirely unrealistic to say it could happen. He does still own 503.6 million shares, according to The Chicago Tribune. But at the moment, it's not looking good. Could this be the end of the Age of Zuckerberg, or will he rise again?

Top Opinion
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Lady Yui 2012/05/31 16:26:58Yes





















he is richest that the rest of the world except for a few and??
im the 5.890.989.898. richest in the world and??
and of course i do care about it since the industry has high potential value of the market
then u can foresee what's gonna be better in future, which you could invest some stocks
we just cant live with ignoranceeeee :D
Don't write his epitaph just yet.
I refuse to enrich him, as I fail to see the benefit of handing all my personal details to any and every stranger with a smart phone.
But he could retire right now.
Even when his new bride robs him of half his worth, he will be(as Vonnegut said) fabulously well-to-do.
Mark Facebook has many restrictions in several countries including China & its banned over there so he losses a Big Market in a second . Mark is trying alot to make the use of Facebook legal in China including Macao , Honk Kong to gain more or you can say make him in top 10 richest people in the world .
He married to Chinese Girlfriend is a reason to marry her - His major task to open Facebook over China which he struggling for many years .
If Bill gates erase there Markets from China & Other Billionaires including Indians Tata & Ambanians , no doubt Mark would be the number 1 Richest Person in the World .
Zuckerberg has now turned his ownership of Facebook into cash. He no longer owns as much of it as he previously did, but now he has real assets - cash money. In truth, he's richer than he ever was. He used to own a computer program and an abstract concept. Now he owns a pile of cash, plus a good part of the computer program and abstract concept. In my opinion, he got out at the right time. What happens to Facebook stock when someone comes up with a better computer program and markets their abstract concept successfully? Facebook stock will drop down to pennies, and all the investors will lose. Except for Zuckerberg, who made his money on the IPO.
Face it - the kid came up with the right idea at the right time, and he plays the game well. Good for him. He's got enough money now to last himself a luxurious lifetime, and then some. I don't think it bothers him a single bit what some magazine thinks about the estimate size of his fortune.