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Mark Zuckerberg's Worth Drops BIG Time

5/31/2012 11:15 PM ET | Filed under: Business Blitz • Facebook

Mark Zuckerbergs worth drops big time

Maybe taking Facebook public wasn't the best idea after all.

Since the initial public offering, the price of the company's stock has dropped dramatically. What started out as $38 a share is now just $27.24 (as of right now) and the company's worth has dropped by at least $25 billion!

Since Mark Zuckerberg's fortune is dependent on the stock's performance on the market, his worth has decreased by $5 billion. In fact, he's actually been knocked off of Bloomberg's list of top 40 billionaires worldwide.

As of May 18, the young entrepreneur was worth $19.4 billion, but since the value of his shares dropped, the Zuckmeister is only worth $14.7 billion!

That's a huge hit to take in less than 2 weeks, but we don't feel too terrible for him. A $14.7 billion personal worth still ain't too shabby for a 28-year-old.

[Image via WENN.]

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See All 11 Comments

11 comments to “Mark Zuckerberg's Worth Drops BIG Time”



  1. 1

    im no expert on shares but alot of other internet companies are around the $20 mark so whoever set the price at $38 maybe didnt do their homework … im sure hell scratch his way back up somehow …

  2. me says – reply to this


    2

    Maybe if he listened to how much people hated timeline it wouldn't be doing so bad.



  3. 3

    I hate this guy for creating FB, it's so addictive and ruins life's worse then any drug. I had a life before FB came out can't same the same thing right now lol.

  4. mary says – reply to this


    4

    omg ONLY 14 billion??

  5. joana misura says – reply to this


    5

    what Todd responded I didn't know that a person able to make $6280 in 1 month on the computer. did you look at this web site

    MakeCash10.com

    ======================================================================================================

  6. joana misura says – reply to this


    6

    what Todd responded I didn't know that a person able to make $6280 in 1 month on the computer. did you look at this web site

    MakeCash10.comONLY

    ======================================================================================================



  7. 7

    Buying FB stock is only making the initial investors richer. People that have a REAL life aren't on FB all the freaking time. Only a matter of time before it turns into another MySpace fad.



  8. 8

    Why people turn over their personal information to BF and assume it's secure is beyond me.



  9. 9

    OMG poor soul, should we start donating to him?



  10. 10

    Aaaah poor thing. I'd shoot myself.



  11. 11

    Who the hell cares? He's still worth BILLIONS. Hell, he should've thrown a BILLION my way.