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Friday, August 3, 2012

Wealth & the Stock Market : Mark Zuckerberg experience!

Facebook founder and CEO Mark Zuckerberg at a News conference in October 2010. (Justin Sullivan/Getty Images)
Zuckerberg no longer top 10 tech billionaire

Facebook zuckerberg 2011 5 11
Mark Zuckerberg’s is no longer one of the world's top 10 tech billionaires; his fortune fell by $423M on Thursday to $10.2 billion. 

Facebook CEO Mark Zuckerberg is no longer one of the world's top 10 technology billionaires.

Bloomberg reported Zuckerberg’s wealth fell by some $423 million on Thursday to $10.2 billion as Facebook stock plummeted to $20.04 a share.

Mashable wrote the stock made modest gains of about 2 percent at one point in trading on Friday.

The tech website wrote the Facebook co-founder is now worth less than James Goodnight, the co-founder of SAS Institute - who replaces him as technology’s 10th-richest person on Bloomberg's Billionaires Index.

Zuckerberg owns 503.6 million Facebook shares with an option to buy another 60 million at $.06 a share. Mashable added he has "$150 million in cash and other liquid assets."

This week has been full of bad news for the 28-year-old.

On Thursday, GlobalPost reported his younger sister, Arielle, announced she will be working at rival Google.

According to the New York Daily News, Arielle works as a product manager at Wildfire Interactive, which was purchased by Google. She tweeted "Not gonna lie...This feels pretty awkward."

Original report | 3 Aug 2012