There are just over 300 fewer billionaires in the world this year, and Facebook’s Mark Zuckerberg is one of them. According to Forbes’ latest Masters of the Universe list (my name for it, not Forbes), Zuckerberg’s net worth plummeted by $600 million last year due to Facebook’s inability to make money.
Don’t feel too sorry for the 24-year-old personally—he’s making due with about $900 million these days.
Collectively, the billionaires club dropped $1.4 trillion, its individual numbers plummeting from 1,125 last year to 793 this year, though none of them are exactly in the poor house yet. Even among those with truly staggering losses (everything’s relative), membership in the hundreds-of-millions-of-dollars club is relatively secure. Those facing the most devastating losses (not largest) are in industries one might expect: real estate, investment banking, non-renewable energy, developing markets. Read complete article at webpronews.
Facebook CEO Drops Out of Billionaires Club
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Saturday, March 28, 2009
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