Facebook founder Mark Zuckerberg has fallen out of the billionaire big league fewer than two weeks after taking the social network public.
The 28-year-old has seen over $4bn wiped off the value of his fortune since the company went public in an initial public offering (IPO), dropping him off the list of the top 40 billionaires measured by Bloomberg Billionaires Index, a daily ranking of the world’s wealthiest.
Zuckerberg’s fortune stood at $18.95bn before the IPO when Facebook’s shares were priced at $38. The company’s shares hit new lows Wednesday, coming close to $28, $10 below the IPO price and valuing Zuckerberg at close to $14.75bn. For more details click here: http://goo.gl/irr7e