Shalom Life | August 31, 2014

Mark Zuckerberg Plunges Down Forbes Richest Americans List

The Facebook CEO slides from No. 14 in 2011, to No. 36 this year.

By: Sarah Bauder

Published: September 19th, 2012 in Culture » Society » News

Mark Zuckerberg Plunges Down Forbes Richest Americans List
Best grab some tissues, as tears will be shed – Facebook CEO Mark Zuckerberg has plummeted down the Forbes “Richest People in America” list, and is far less wealthy than he was last year. Poor Zuckerberg went from Number 14 in 2011, tumbling all the way down to Number 36, which he shares with chairman and CEO of Kinder Morgan, Richard Kinder, and embattled News Corp mogul, Rupert Murdoch.

“The stock of the social networking company has performed poorly, falling below $20 in August after debuting at $38. In July the company reported a net loss of $157 million for its second quarter but a jump in revenues to $1.18 billion. That news drove the stock price down. The Facebook founder's net worth fell by $8.1 billion --more than anyone else on The Forbes 400 --since a year ago, though his $9.4 billion fortune is still quite impressive,” said Forbes.

Two individuals of the Jewish persuasion made it into the top 10: New York mayor, Michael Bloomberg came in at 10th with $25 billion, while Oracle CEO, Larry Ellison (whose mother was of Jewish heritage) ranks as the third richest American with $41 billion. Bill Gates ($66 billion) and Warren Buffet ($46 billion) rounded out the first and second position, respectively.
The Ten Best Curb Your Enthusiasm Episodes The Ten Best Curb Your Enthusiasm Episodes Trending'Ray Donovan' Creator Ann Biderman Leaves Show 'Ray Donovan' Creator Ann Biderman Leaves Show TrendingWatch the Trailer for Jon Stewart's Directorial Debut [VIDEO] Watch the Trailer for Jon Stewart's Directorial Debut [VIDEO] Trending
 

The Ten Best Curb Your Enthusiasm Episodes

August 29, 2014 | By Caitlin Marceau & Daniel Koren
The Ten Best Curb Your Enthusiasm Episodes

While Season 9 may be a mere fallacy, we do have 8 seasons of Larry David's hilariously awkward comedy to keep us company

Read More

'Ray Donovan' Creator Ann Biderman Leaves Show

August 29, 2014 | By Ashley Ramnarain
'Ray Donovan' Creator Ann Biderman Leaves Show

Writer David Hollander will take the helm of the Showtime series starring Liev Schreiber

Read More

Watch the Trailer for Jon Stewart's Directorial Debut [VIDEO]

August 29, 2014 | By Ashley Ramnarain
Watch the Trailer for Jon Stewart's Directorial Debut [VIDEO]

'Rosewater' will hit a theater near you in November

Read More

Joaquin Phoenix to Play Marvel's Dr. Strange?

August 29, 2014 | By Ashley Ramnarain
Joaquin Phoenix to Play Marvel's Dr. Strange?

Reports indicate that Phoenix is in final talks to play the wizard warrior in a new Marvel franchise

Read More

Bryan Singer Investigated for Alleged Sex Crime

August 29, 2014 | By Ashley Ramnarain
Bryan Singer Investigated for Alleged Sex Crime

According to sources, the NYPD is looking into a claim that Singer sexually assaulted a man in his twenties

Read More

Spanish Imam Asks Allah to Destroy All the Jews [VIDEO]

August 29, 2014 | By Daniel Koren
Spanish Imam Asks Allah to Destroy All the Jews [VIDEO]

In a Friday sermon, Sheik Saleheoldine al-Moussaoui says the Jews are "by nature treacherous and war-mongering"

Read More

Al-Qaeda Presents: Terrorism 101, A Guide on Making Bombs and Choosing Targets

August 29, 2014 | By Daniel Koren
Al-Qaeda Presents: Terrorism 101, A Guide on Making Bombs and Choosing Targets

The terrorist organization has released a detailed booklet on how to make pressure cooker bombs, and which U.S., U.K., and Israeli targets should be attacked

Read More

Putin Compares Ukrainian Army to the Nazis

August 29, 2014 | By Daniel Koren
Putin Compares Ukrainian Army to the Nazis

The Russian President condemned Ukrainian troops firing at civilians in eastern Ukraine who he said are "suppressed with force"

Read More

More Headlines