Latest Top 40 richest list of Bloomberg does not include Mark Zuckerberg, as Facebook stock fallsBy Angel Cuala on May 31, 2012 in Business, Stock Market, World •
The latest Top 40 richest list of the daily Bloomberg Billionaires Index does not include Facebook CEO and co-founder Mark Zuckerberg, after Facebook stock recently fell to about 9.6 percent.
Facebook CEO and co-founder Mark Zuckerberg
Image Credit: Scott Olson/Getty Images
As explain at Bloomberg.com on on Wednesday, May 30, 2012, Mark Zuckerberg‘s wealth dropped to $14.7 billion on Tuesday, from $16.2 billion last Friday, making him $800,000 behind Colombian businessman Luis Carlos Sarmiento, the last name in current Top 40 richest list.
According to the report, Facebook shares went down to another 2.3 percent that day to $28.19 per share, far from their closing shares at $38.23 on May 18, the first day of their IPO, with Zuckerberg that time having a net worth of $19.4 billion.
“It seems to be a clear reflection that there was just too much stock issued, that the valuation was aggressive and that a lot of people who lined up to buy it really had no intention of holding it.” BMO Harris Private Bank chief investment officer Jack Ablin told Bloomberg on Tuesday via phone interview.
Nevertheless, Zuckerberg, 26, who married his long-time girlfriend Priscilla Chan late last week, still owns 503.6 million shares of Facebook, which recently launched Facebook Camera, a free app that is now available at the Apple App Store and aims to enhance Facebook photo experience on smartphones.
As of this writing, Mexican telecom czar Carlos Slim Helu is now leading Bloomberg‘s Top 40 richest list with net worth of $66.2 billion, followed by Microsoft founder Bill Gates with $59.7 billion and Berkshire Hathaway CEO Warren Buffett as third with $44.4 billion.
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