Facebook founder Zuckerberg sees fortune shrink by $6.8 bln since botched IPO

Facebook founder Zuckerberg sees fortune shrink by $6.8 bln since botched IPOLondon, Nov 12 : Social networking giant Facebook's CEO Mark Zuckerberg has seen 6.8 billion dollars wiped from his fortune in a year, according to a report.

The inaugural list of the world's richest people by Bloomberg Markets Magazine showed that Zuckerberg, 28, is now worth an estimated 10.7 billion dollars.

According to the Daily Express, the list's richest man is Carlos Slim, the Mexican telecoms billionaire who has a net worth of 77.5 billion dollars.

Bill Gates and Warren Buffett, both in the top five, are household names.

Yet nobody racked up billions faster than relatively unknown No 3, Amancio Ortega of Spain, the report said.

According to the report, Facebook had its market debut in January, but was criticised for being priced too high.

It is now trading at nearly half the float price of 38 dollars a share. (ANI)

General: 



Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate


Popular Stories

Sufi legend Begum Yaman passes away at 52

New Delhi [India], Apr 28 : Famous sufi singer and... Read More

No farmer committed suicide over drought: TN Govt. to SC

New Delhi [India], Apr. 28 : In a development bound... Read More

Never took studies as 'burden', says JEE 2017 topper

Udaipur (Rajsthan) [India], Apr 28 : Kalpit Veerwal... Read More

Narada sting: ED files case against TMC leaders

New Delhi [India], Apr. 28 : After the Central... Read More

UP STF raids petrol pumps, eight caught using cheating chip

Lucknow (Uttar Pradesh), April 28 : The special... Read More

UP school issues bizarre diktat: Yogi haircut

Meerut (Uttar Pradesh) [India], Apr 28 : In a... Read More