Mark Zuckerberg Suffers A Loss Of $3.2 Bln Since Facebook IPO
Mark Zuckerberg, co-founder of the globe's most popular social networking site Facebook suffered a loss $3.2 billion during this week as share values of his company declined around 16.5%.
The 28-year-old Mark has become the major loser in a recently published record of the globe's wealthiest individuals.
The Bloomberg Billionaires Index placed him as the 35th wealthiest individual in the globe with a $16.2 billion wealth.
As per the report, other Facebook fortunes also dropped in the week.
Sean Parker, who convinced Zuckerberg to shift to California to concentrate on the company around the clock in the year 2004, possesses 66 million shares of Facebook valued at $2.1 billion, down $402 million since the company's initial public offering.
The Bloomberg Billionaires Index takes measure of the globe's richest individuals on the basis of market and financial alterations and Bloomberg News reporting.