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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?

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  • Jorge Enriquez 2012/06/30 17:40:07 (edited)
    No
    Jorge Enriquez
    i dont care really

    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??
  • Bannor Haruchai 2012/06/10 04:53:41
  • 2020TRAV 2012/06/07 20:19:33
    No
    2020TRAV
    Who care He just another Manstealer concoon Rockefeller here Grandson Mark Zuckerberg : Glad people didn;t fall for deriavtive device Call stock Market hurry and buy we rob at the Zero hour soon or later without your knowledge
  • VICTORIA 2012/06/07 05:51:59
    No
    VICTORIA
    More obsession with and envy for Zuckerberg from Sodahead. It's becoming creepy.
  • girl_howdy 2012/06/07 00:29:03
    No
    girl_howdy
    With the way technology is these days...there will be something that will come up and with how he and his corporation are constantly changing and upgrading facebook, chances are there will be another big break in his future.
  • Chris Tate 2012/06/05 17:40:31
    Yes
    Chris Tate
    But not because of going public, facebook was failing before that
  • beach bum 2012/06/04 05:03:28
    Yes
    beach bum
    yes for now
  • Commander Pyle 2012/06/03 17:58:51
    Yes
    Commander Pyle
    Pretty soon he'll be wearing his hoodie, not as a fashion symbol, but because he bartered a homeless man some FB stock for the new gear.
  • Andrew 2012/06/03 01:53:06
    No
    Andrew
    He'll get over it.
  • faklyaadrienn 2012/06/02 15:35:47
    No
    faklyaadrienn
    Honesty why there isn't a who cares button? Facebook is facebook. 14 BILLION is 14 billion. I am sure he won't cry over the stock market anytime soon.
  • Eoghan 2012/06/02 15:18:48
    No
    Eoghan
    But I can't wait till it is!
  • Dale 2012/06/02 06:29:49 (edited)
    Yes
    Dale
    it's over. at least he had a good time for long period of time lolz
    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
  • abubincrazy 2012/06/02 03:15:09
    No
    abubincrazy
    This 20-something d-bag is ONLY the 41st richest man in America?
    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.
  • phil 2012/06/01 17:54:35
    Yes
    phil
    As Facebook continues to suck the time from our personal lives the tolerance and dependence are fading. Talk with your kids face to face instead of stalking them.
  • Sam Adams 2012/06/01 17:25:06
    Yes
    Sam Adams
    +1
    Actually, I clicked on this looking for a "Who cares?!" option . . .
  • FunkyMunky 2012/06/01 17:22:41
    No
    FunkyMunky
    The dude is 28!
  • ChumptyDumpty 2012/06/01 17:13:44
    No
    ChumptyDumpty
    He mark an epoch, his reign will never over. Facebook may lose some richest but it remain one of the most important social network, the first real worldwide social network.
  • walter.woodliff 2012/06/01 16:24:04
    No
    walter.woodliff
    Media play on Mark's psyche..not really important. The media creates these straw men all the time. Kinda like Congress a lot of noise, but, little substance.
  • VintageLys 2012/06/01 16:22:44
    Yes
    VintageLys
    down with Suckerberg
  • Emi 2012/06/01 16:13:46
    Yes
    Emi
    No one will be the number one forever in this world.
  • Gahnzo 2012/06/01 15:59:13
    Yes
    Gahnzo
    +3
    Myspace, AOL, Google, Yahoo....etc....and FB... They produce NOTHING...make NOTHING...and will never manufacture ANYTHING...So why people bought into it thinking that it's going to go viral and skyrocket their investment is beyond my comprehesion...it to will start to decline... same as tweeting, and other forms of social media. People have the attention span of a gnat, so expecting people to stay with something for the long haul is preposterous. Pinterest is the newest "fad".. what's next who knows, but some geek in a room somewhere is thinking it up.. and for a while, we people known as consumers will eat it up when it arrives... me, not so much...kinda like the Iphone... or Iphone 3 or 4 or whatever number they are up to now.. I'm waiting for the Iphone 23. I figure by then they'll have the bugs worked out. I remember seeing a note from a Iphone user right before they came out with 2 or 3 or whatever.. they said.."I'm really upset it's been over a year since Apple updated or changed the phone..." really? Applebots complaining about having to wait over a year to "upgrade" their phones?? People ... you really gotta get a life...and start living it.
  • Gahnzo Gahnzo 2012/06/01 16:00:06
    Gahnzo
    Plus the fact that he bought into his own hype....
  • kent Gahnzo 2012/06/01 17:43:59
    kent
    Hey good post and looking at your Avatar, it all fits if we think of the message imparted by Janis's song Mercedes Benz from that very same album (maybe her finest I might add). Good use of theme oriented commenting!
  • Zombiec... Gahnzo 2012/06/01 18:07:12
    Zombiecat~Metalhead4Life
    agreed
  • -(*PeacE4LovE*)- 2012/06/01 15:04:11 (edited)
    No
    -(*PeacE4LovE*)-
    +1
    Bill Gates or Google or World Richest Persons today have there Big markets iN Canada , Russia & China ( World Big Countries ) which enhancing them to be the riches people in the world .



    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 .
  • Jon Peter 2012/06/01 14:44:56 (edited)
    Yes
    Jon Peter
    +1
    Who cares. Even small giants fall. Poor sucker bergs that bought the stock.
  • CAPISCE 2012/06/01 14:12:14
    Yes
    CAPISCE
    +1
    You can fool ignorant inexperienced children to buy stock, but you can't fool Wall Street
  • DeborahFriedrich 2012/06/01 13:58:51
    No
    DeborahFriedrich
    +1
    I think it has lowered because he is starting a new life as a husband. If you have a major change, stock will always go down. It will again pick up. He is a genious by putting advertisements on the side of facebook page.
  • Gahnzo Deborah... 2012/06/01 18:32:05
    Gahnzo
    But no one clicks on the advertisements.
  • BIG BAD JOHN R. 2012/06/01 13:22:10
    No
    BIG BAD JOHN R.
    +1
    No, but he needs to get his head out of his A_ _, and back to business otherwise he may find out he doesn't have the billions he thought he had. Some say he has already lost 20 million, no wonder he can't tip when he goes out to eat! http://cdn0.hark.com/images/0...
  • Rural Charmer 2012/06/01 11:13:46
    Yes
    Rural Charmer
    +1
    I don't know. Bit of coloumn A bit of Coloumn B
  • Syl 2012/06/01 08:56:02
    No
    Syl
    +1
    He's still bloody rich, especially considering how little he has done for his money.
  • mae 2012/06/01 07:49:54
    No
    mae
    No way. Mark Zuckerberg is as resiliant as they come. Mark will be around for a long time.
  • Willie 2012/06/01 07:25:22
    No
    Willie
    Zuckerberg didn't lose a dime. What he had before the IPO was Facebook. He didn't have money, or assets, or anything resembling that. His estimated net worth was an estimate of what Facebook would be worth if he sold it. Even that was pretty sketchy, because it wasn't like Facebook owned a lot of buildings, capital equipment or any other REAL assets. It's assets were its name and its intellectual property.

    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.
  • kent 2012/06/01 05:55:27
    Yes
    kent
    +6
    Anyone who gets that kind of money, and contributes that little to any product or advancement of mankind, needs a tune from this
    worlds tiniest violin
  • Fashionable60s 2012/06/01 05:39:05
    Yes
    Fashionable60s
    +1
    He could not care less if he is No. 40 or No. 39, he is still a billionaire and is laughing all the way to the bank.
  • Xinea 2012/06/01 05:34:28
    Yes
    Xinea
    +1
    Don't know actually, maybe, but I wonder if it even matters. Does he really look like a guy who wants all the money in the world?
  • fortycal_sig 2012/06/01 05:12:09
    No
    fortycal_sig
    +1
    Whereas before his wealth was theoretical, now he actually has a lot more cash, scammed from the FB pump-and-dump with the help of his new banker friends.
  • Max Power 2012/06/01 05:04:08
  • David 2012/06/01 04:56:52
    Yes
    David
    +1
    The guy has more money than most of us could even hope to dream of having. Let him lose a couple more billion, I couldn't care less. I'm expecting some other social network to pop up some time in the not so distant future.

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