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Mark Zuckerberg Falls From 40 Richest: Is His Reign Over?

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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  • David 2012/05/31 17:18:20
    No
    David
    Nah...he still has way too much money to fail. He'll be just fine. Growing pains...
  • Jackie G - Poker Playing Pa... 2012/05/31 16:48:00
    No
    Jackie G - Poker Playing Patriot
    +2
    He is worth some 14-15 billion, fail to understand how this is consider failure.
  • CJackson 2012/05/31 16:45:00 (edited)
    No
    CJackson
    +1
    I don't believe it's right to sell stock in people's private lives, but facebook will endure and so will it's creator.
  • AmericanVirus 2012/05/31 16:39:56
    Yes
    AmericanVirus
    +2
    Awww poor baby, lost some of his billions...

    how fascinating
  • LADY LIBERTY SILLY WORDSMITH 2012/05/31 16:35:43 (edited)
    No
    LADY LIBERTY SILLY WORDSMITH
    +3
    MARK ZUCKERBERG HAS MADE BILLIONS from NOTHING;

    GOD KNOWS HOW!

    YES, HE WILL RECOVER HIS BILLIONS from NOTHING!!!

    GOD KNOWS HOW!
  • BIG BAD... LADY LI... 2012/06/01 13:26:41
    BIG BAD JOHN R.
    Haha you are so right
  • tobe 2012/05/31 16:34:06
    No
    tobe
    he'll think of something if he wants to keep going.
  • Lady Yui 2012/05/31 16:26:58
    Yes
    Lady Yui
    +9
    Really, who the hell cares?
  • Elementer Lady Yui 2012/06/01 03:32:38
    Elementer
    Apparently you if you took the time to comment.
  • JoeM~PWCM~JLA 2012/05/31 16:25:39
    No
    JoeM~PWCM~JLA
    25 to 28 is the range the IPO should have sold at. the hype escalated the offering price. now reality has set in. I would have put up the house to go short on that opening if it would have been available. He is solid at the current levels, FB is not going anywhere.
  • lolo 2012/05/31 16:22:40
    Yes
    lolo
    he's done.
  • Mr. Wonderful 2012/05/31 16:20:58
    No
    Mr. Wonderful
    +2
    Why anyone would be dumb enough to want to buy stock in Facebook in the first place is the real question. What "products" do they make? What services do they sell? The answer is NONE to both. Sure they can sell advertising space, but so does everyone else. What sets Facebook aside? Nothing really. This "company" is HYPE driven. Zuckerberg and the big banks look like they were making secret deals, that isn't going to impress anyone I suspect the stock will continue to slide. It is over priced, at least twice which it's worth.
  • LAAD Gunner - USMC 2012/05/31 16:15:38
    No
    LAAD Gunner - USMC
    +1
    He may see a drop...but make no mistake, Facebook is not over. Facebook has a hold on people, they're not going anywhere. I would even say that it might not be a bad idea to buy Facebook shares while they're cheap. Trust me I'm no fan of Facebook, but guess what I do still have it... "just in case I need it". And I still get on it. I don't see Facebook disappearing anytime soon.
  • john doe 2012/05/31 16:15:34
    No
    john doe
    I hardly doubt that anyone is getting rid of their face book accounts. Why people feel the need to post their lives on the Internet is beyond me.
  • caius madison 2012/05/31 15:44:09
    Yes
    caius madison
    +1
    He should sell, there is no reason to need more billions, and then that relationship contract would be unecessary. If I only had a single billion, wowza. I wouldn't need two to say the least.
  • Adam 2012/05/31 15:31:48
    No
    Adam
    Facebook will be around for a very long time. The sheer number of people means it is ingrained in our social media needs, and were not going to just give up on social media. What effect, really, on us, or even really on Zuckerburg, is losing 5 billion? It's a huge number to be sure, but it won't change the everyday importance of Facebook, just how many Ferraris a couple people can buy.
  • HarleyCharley 2012/05/31 15:29:59
    Yes
    HarleyCharley
    he's in over his head....
  • john doe Pixie·Ÿ... 2012/05/31 16:20:00
    john doe
    +1
    ...or how about the two college guys that started YouTube then sold it two years later to google for something like 1.4 billion.
  • Pixie·Ÿ... john doe 2012/05/31 16:20:45 (edited)
  • john doe Pixie·Ÿ... 2012/05/31 16:46:00
    john doe
    +1
    You are not even that, you're just a woman....(just a joke don't take it seriously). Lol
  • Pixie·Ÿ... john doe 2012/05/31 16:47:44
  • Pat 2012/05/31 15:13:37
    No
    Pat
    +2
    I wouldn't call him out for the count. And besides, my guess is that he's still pretty darn wealthy.
  • wolf sloan 2012/05/31 15:13:21
    No
    wolf sloan
    +2
    41st richest is still pretty rich
  • EllЕ 2012/05/31 15:11:38
    No
    EllЕ
    28 years old & it's over? )))))
  • Josh Robinson 2012/05/31 15:08:43
    No
    Josh Robinson
    His reign is over when the people who gave him his reign say it's over.
  • angel face 2012/05/31 15:07:48
    No
    angel face
    Its just a matter of time before it goes back up. Its Facebook for heavens sake. Eventually people are going to start sharin again.
  • S* 2012/05/31 14:51:53
    No
    S*
    +2
    are you kidding, in less than 8 years, a guy who was in college went from rags to just off the 40th richest dude in the world list, with a tiny organization, and you people are suggesting he is a washed up has been? man, the level of expectation is pretty high around here.
  • stevegtexas@aol.com 2012/05/31 14:45:54 (edited)
  • Gloria 2012/05/31 14:44:11
    No
    Gloria
    +2
    He won't end up in a homeless shelter but the IPO might not work as well as he had anticipated. The last time I had a tech stock it was IBM. The bubble dot coms do not appeal to me.

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