Shalom Life | September 02, 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.
Joan Rivers to Remain on Life Support Joan Rivers to Remain on Life Support TrendingMelissa Rivers is “Keeping Fingers Crossed” For Joan’s Recovery Melissa Rivers is “Keeping Fingers Crossed” For Joan’s Recovery TrendingLena Dunham: Leaking Nude Photos is a Sex Offense Lena Dunham: Leaking Nude Photos is a Sex Offense Trending
 

Belgian Activists Pour Fake Blood at Airport in Protest of Israel

September 02, 2014 | By Daniel Koren
Belgian Activists Pour Fake Blood at Airport in Protest of Israel

Members of Lilith, a Belgian-based women's rights movement, claim the airport is being used to transport arms to Israel

Read More

Howie Mandel Asks Fans For Money to Bring Back ‘Bobby’s World’ [VIDEO]

September 02, 2014 | By Ashley Baylen
Howie Mandel Asks Fans For Money to Bring Back ‘Bobby’s World’ [VIDEO]

The 'America's Got Talent' judge wants you to pay for the return of his popular animated series.

Read More

Sarah Silverman on Joan Rivers’ Coma: Stop Being Ridiculous!

September 02, 2014 | By Ashley Baylen
Sarah Silverman on Joan Rivers’ Coma: Stop Being Ridiculous!

The 'We Are Miracles' comedian urges Rivers to get better the only way she knows how humor.

Read More

Joan Rivers to Remain on Life Support

September 02, 2014 | By Ashley Baylen
Joan Rivers to Remain on Life Support

Rivers' daughter Melissa has confirmed that her mother will stay on life support at this juncture.

Read More

Charlie Sheen Condemns Danish Government Over Whale Slaughter

September 02, 2014 | By Ashley Baylen
Charlie Sheen Condemns Danish Government Over Whale Slaughter

The 'Anger Management' star accused Danish authorities for being complicit in the "brutal slaughter" of pilot whales.

Read More

Jay Leno to Perform at Launch of UJA Campaign 2015

September 02, 2014 | By Dan Horowitz
Jay Leno to Perform at Launch of UJA Campaign 2015

The iconic television personality and former Tonight Show host will be in Toronto for the September 10 event

Read More

Infamous Canadian Nazi Running for Office

September 02, 2014 | By Daniel Koren
Infamous Canadian Nazi Running for Office

72-year-old white supremacist John Beattie, who founded the Canadian Nazi party decades ago, is running for deputee reeve in the small cottage-country town of Minden Hills

Read More

Israeli Designer Showcased in New Hunger Games Film

September 02, 2014 | By Ynet News
Israeli Designer Showcased in New Hunger Games Film

One of the new characters to be introduced in Mockingjay will be wearing an Alon Livne dress

Read More

More Headlines