Shalom Life | October 24, 2014

Mark Zuckerberg’s Net Worth Falls as Facebook Shares Plunge

The 28-year-old Facebook co-founder's net worth dropped $1.7 billion.

By: Sarah Bauder

Published: July 27th, 2012 in Culture » Society » News

Mark Zuckerberg’s Net Worth Falls as Facebook Shares Plunge
‘Tis a sad day indeed for Facebook co-founder and CEO Mark Zuckerberg, as his net worth has fallen $1.7 billion in light of Facebook’s stock price plummeting. According to the Bloomberg Billionaires Index, the 28-year-old’s fortune dropped from 13.7 billion, to a paltry $12 billion as of July 26th. That means that Zuckerberg’s wealth has taken a $7 billion dip since Facebook’s IPO on May 18th, when he was worth approximately $19.1 billion with the company shares valued at $38 a pop. Granted, he did sell 30 million shares to pay off taxes, but still retained 503 million shares at the end of the stock’s debut day.

Due to the social network’s lackluster second quarter revenue report, end of the trading day on Friday saw Facebook stock valued at $23.70, which is a new low for the company.

However, save the tears and tissue. With Zuckerberg’s net worth at roughly $12 billion, he still ranks within the 72 richest individuals on the planet, according to Forbes.
Maya Rudolph and Sarah Silverman Star in Animated Alpaca Film About Economic Inequality Maya Rudolph and Sarah Silverman Star in Animated Alpaca Film About Economic Inequality TrendingLizzy Caplan to Join 'Now You See Me' Sequel Lizzy Caplan to Join 'Now You See Me' Sequel TrendingAnthony Rose: The Chef on Dupont Street Anthony Rose: The Chef on Dupont Street Trending
 

Startup Club: Hello Doctor

October 23, 2014 | By Caitlin Marceau
Startup Club: Hello Doctor

The revolutionary new app that allows patients to download their medical records has just received funding from companies that include Facebook and and Google

Read More

Breakthrough Jew - Nic Sheff

October 23, 2014 | By Sara Torvik
Breakthrough Jew - Nic Sheff

Sheff is a best-selling author who uses his experiences as an addict to help others struggling with similar battles.

Read More

Who Was Sarah Michelle Gellar's Favorite On-Screen Kiss With?

October 23, 2014 | By Ashley Ramnarain
Who Was Sarah Michelle Gellar's Favorite On-Screen Kiss With?

Hint: It's not her husband, Freddie Prinze Jr.

Read More

Paula Abdul Wants You To "Check Yourself" During Breast Cancer Awareness Month

October 23, 2014 | By Ashley Ramnarain
Paula Abdul Wants You To "Check Yourself" During Breast Cancer Awareness Month

The former 'American Idol' judge has joined forces with Avon for a new campaign.

Read More

Is This a Halloween Costume or Just James Franco?

October 23, 2014 | By Ashley Ramnarain
Is This a Halloween Costume or Just James Franco?

Seriously. We know Megan Fox is dressed up, but what is Franco doing?

Read More

Smart People Listen to Bob Dylan, Dumb People Listen to Beyonce

October 23, 2014 | By Ashley Baylen
Smart People Listen to Bob Dylan, Dumb People Listen to Beyonce

A new study has compared SAT scores to musical taste to determine what types of music people of varying intellects listen to.

Read More

Air Canada Centre Painted Blue & White As Jewish Toronto Cheers On Maccabi Haifa [PICS]

October 23, 2014 | By Daniel Koren
Air Canada Centre Painted Blue & White As Jewish Toronto Cheers On Maccabi Haifa [PICS]

The Israeli basketball team had an impressive 21-0 run before losing to the Raptors, 92-85

Read More

Op-Ed: A New Low for the Associated Press

October 23, 2014 | By Daniel Koren
Op-Ed: A New Low for the Associated Press

After a Palestinian terrorist rammed his car into a crowded train station, killing a baby, the Associated Press ran this story: "Israeli Police Shoot Man in East Jerusalem"

Read More

More Headlines