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Zuckerberg drops out of top 10 billionaires

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Can't seem to catch a break

The man behind the most antisocial of “social” concepts, Mark Zuckerberg, is no longer among the world’s top billionaires.

Much like his rapid ascent to the highest echelons of the rich and untouchable, Zuckerberg has seen Facebook hit many a roadblock as of late. As a result, Facebook shares dropped to just over $20 last week, setting a new record low for the company.  

The Bloomberg Billionaires Index says Zuckerberg is currently worth $10.2 billion, which is so sad it brings tears to our eyes. The number is based on 503.6 million shares of Facebook, 60 million options with exercise price of six cents per share and measly $150 million in cash and other liquid assets.

More here.


Last modified on 07 August 2012
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