Thursday October 1, 2020

Mark Zuckerberg falls out of world Top 40 billionaire list

Mark Zuckerberg, Facebook’s co-founder and chief executive, is no longer one of the world’s 40 richest people.

30th May, 2012
Zuckerberg dons shirt and tie to make his pitch to investors in advance of Facebook's IPO.

Mark Zuckerberg, Facebook’s co-founder and chief executive, is no longer one of the world’s 40 richest people.

The 28-year-old’s fortune fell to $14.7 billion yesterday from $16.2 billion on May 25th, as shares of the world’s largest social-networking company dropped 9.6 per cent to $28.84. That extended the stock’s losses to 24 percent from the worst-performing large initial public offering in the past decade.

“It seems to be a clear reflection...

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