As of Tuesday, says Bloomberg, Mark Zuckerberg can no longer be counted as one of the world’s 40 richest people. At that point, Facebook had experienced an epic drop below the $30-a-share mark.
When the stock closed at $28.84, his epic fortune became slightly less epic, falling from $16.2 billion on Friday to $14.7 billion Tuesday. That’s just enough for Bloomberg’s daily Billionaire’s Index to kick him to the curb. But all is not lost for The Zuck — he could rally to the tune of $800 million, which would be enough of an increase to edge him back in. Sadly, things aren’t looking too optimistic yet.
Shares opened on Wednesday at $28.40, which is down 44 cents. Bummer. Not too likely that Zuck’s sharing that on Facebook.