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.]