Shalom Life | December 20, 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.
Top 50 Hottest Jewish Women of 2014 (40-31) Top 50 Hottest Jewish Women of 2014 (40-31) TrendingBreakthrough Jew: OB O'Brien Breakthrough Jew: OB O'Brien TrendingPresenting the Hasidic "Shake It Off" Hanukkah Parody [VIDEO] Presenting the Hasidic "Shake It Off" Hanukkah Parody [VIDEO] Trending
 

Top 50 Hottest Jewish Women of 2014 (30-21)

December 19, 2014 | By Ashley Baylen
Top 50 Hottest Jewish Women of 2014 (30-21)

Join Shalom Life in celebrating the 50 most talented, intelligent, funny, and beautiful Jewish women of the year.

Read More

Analyst Suggests Qatar 'Give' World Cup 2022 to Gaza

December 19, 2014 | By Daniel Koren
Analyst Suggests Qatar 'Give' World Cup 2022 to Gaza

Tom Gross argues that the move would be beneficial for Palestinians in Israel

Read More

Natalie Portman Explains How 'Star Wars' Almost Ruined Her Career

December 19, 2014 | By Sara Torvik
Natalie Portman Explains How 'Star Wars' Almost Ruined Her Career

The 'Black Swan' actress says no one wanted to work with her after 'Star Wars'

Read More

Liberace's Hologram to Go On World Tour, Starting in Las Vegas

December 19, 2014 | By Sara Torvik
Liberace's Hologram to Go On World Tour, Starting in Las Vegas

The deceased performer will be entertaining a whole new generation of fans.

Read More

Adam Levine's Maroon 5 Rock Out at The People Magazine Awards [VIDEO]

December 19, 2014 | By Sara Torvik
Adam Levine's Maroon 5 Rock Out at The People Magazine Awards [VIDEO]

On Thursday evening, Maroon 5 wowed the audience with a live performance of 'Animals'

Read More

Oops! Drake Confused Adam Silver for Donald Sterling

December 19, 2014 | By Sara Torvik
Oops! Drake Confused Adam Silver for Donald Sterling

At the Toronto Raptors Drake night, Drake mixed up some important names.

Read More

Ambassador Dan Shapiro Urges U.S. Collaboration with Jerusalem College of Technology

December 19, 2014 | By ShalomLife Team
Ambassador Dan Shapiro Urges U.S. Collaboration with Jerusalem College of Technology

Shapiro visited the college for a private demonstration of several ground-breaking technologies developed by students

Read More

This British Politician Is Trying to Put an End to Racism & anti-Semitism on Twitter

December 19, 2014 | By Daniel Koren
This British Politician Is Trying to Put an End to Racism & anti-Semitism on Twitter

Luciana Berger, the subject of some 2,500 anti-Semitic tweets earlier this year, wants the platform to ban racist words

Read More

More Headlines