Shalom Life | September 16, 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.
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