Shalom Life | July 23, 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.
Backstreet Boys Cancel All Three Sold-Out Shows in Israel Backstreet Boys Cancel All Three Sold-Out Shows in Israel TrendingAdam Levine is Officially Married, Jonah Hill Officiated Adam Levine is Officially Married, Jonah Hill Officiated TrendingWoody Allen Shares His Thoughts on The Israeli-Palestinian Conflict Woody Allen Shares His Thoughts on The Israeli-Palestinian Conflict Trending
 

Shalom, Mauritius: A Jewish Culture Guide

July 22, 2014 | By Ashley Baylen
Shalom, Mauritius: A Jewish Culture Guide

In 2000, Rabbi Silberhalft officiated the first Bar Mitzvah in the nation since World War II.

Read More

Robert Downey Jr. Is Still The Highest Paid Actor in Hollywood

July 22, 2014 | By Ashley Baylen
Robert Downey Jr. Is Still The Highest Paid Actor in Hollywood

The 'Iron Man' star raked in $75 million last year.

Read More

Woody Allen Appears On His First-Ever Podcast

July 22, 2014 | By Ashley Baylen
Woody Allen Appears On His First-Ever Podcast

The famed director spoke to Josh Horowitz, admitting he doesn't even know what a podcast is.

Read More

‘Louie’ Renewed For a Fifth Season, Only 7 Episodes

July 22, 2014 | By Ashley Baylen
‘Louie’ Renewed For a Fifth Season, Only 7 Episodes

FX has announced another season on Louis C.K's popular show

Read More

The Love Jewce: Third Time's A Charm

July 22, 2014 | By Andria Kaplan
The Love Jewce: Third Time's A Charm

Sometimes you can't get to know someone after one fateful meeting on Instagram. Sometimes, it takes a few tries

Read More

CNN Poll Shows Most Americans Side with Israel

July 22, 2014 | By Daniel Koren
CNN Poll Shows Most Americans Side with Israel

A new poll shows that the majority of U.S. citizens agree with Israel's right to defend itself against Hamas

Read More

Study: 80% of British Jews Feel They Are Being Blamed for Gaza Conflict

July 22, 2014 | By ShalomLife Team
Study: 80% of British Jews Feel They Are Being Blamed for Gaza Conflict

"Most respondents (over three-quarters) maintained that they hear the Israel/Nazi parallel in Britain at least occasionally"

Read More

European Officials Condemn anti-Semitic Rallies

July 22, 2014 | By Daniel Koren
European Officials Condemn anti-Semitic Rallies

Foreign ministers from Germany, France and Italy will fight "acts and statements that cross the line to anti-Semitism"

Read More

More Headlines