Mark Zuckerberg Plunges Down Forbes Richest Americans List
The Facebook CEO slides from No. 14 in 2011, to No. 36 this year.
“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.