{"id":20183,"date":"2012-08-17T10:25:15","date_gmt":"2012-08-17T08:25:15","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=20183"},"modified":"2012-08-17T10:27:21","modified_gmt":"2012-08-17T08:27:21","slug":"zuckerberg-not-rich-enough","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/20183\/zuckerberg-not-rich-enough\/","title":{"rendered":"Zuckerberg not rich enough"},"content":{"rendered":"

Mark Zuckerberg, CEO and founder of social network platform Facebook, has dropped out of the world\u2019s 10 richest technology billionaires, following his company\u2019s dramatic market collapse since listing in May.<\/p>\n

Facebook dropped below $20 on the Nasdaq on Thursday (16 August) after the group freed up 271.1 million of its shares, boosting by 60% the number of tradable shares.<\/p>\n

According to Bloomberg, Zuckerberg\u2019s fortune is based on his ownership of 503.6 million shares of Facebook, including 60 million options that have an exercise price of six cents a share. He also has about $150 million in cash and other liquid assets.<\/p>\n

Facebook has seen its down almost 50% from its listing price of $38 and a valuation exceeding $100 billion making it the worst performer among all large IPOs on record, according to data compiled by Bloomberg.<\/p>\n

Zuckerberg\u2019s fortune has dipped to a figure approaching $10 billion, putting him behind James Goodnight, the co-founder of software maker SAS Institute Inc., who now ranks as technology\u2019s 10th- richest person, according to the Bloomberg Billionaires Index<\/a>.<\/p>\n

As of 16 August, telecoms Mexican mogul Carlos Slim Hel\u00fa tops the Bloomberg Billionaires Index overall, with a fortune of $74.8 billion, up 21.4% on a year to date basis.<\/p>\n

He maintains holdings in telecommunications (America Movil), banking (Grupo Financiero Inbursa) and mining (Minera Frisco), as well as Philip Morris, Saks Fifth Avenue and the New York Times.<\/p>\n

Through his family\u2019s holding company, Grupo Carso, Slim also has a stake in the Mexican construction industry.<\/p>\n

Microsoft<\/a>\u2019s\u00a0Bill Gates<\/a>\u00a0assumes second position on the overall list, and tops the tech list with a value of $63.9 billion.<\/p>\n

Gates is a co-founder of Microsoft, and owns about 6% of the technology giant \u2013 a stake that now represents about a quarter of his overall wealth. Gates also owns a private investment company, Cascade Investment.<\/p>\n

Oracle CEO\u00a0Larry Ellison is fifth on the list, overall, but second on the tech list with a fortune of $40.8 billion, up 23.7% on the year to date.<\/p>\n

Top 10 Tech Billionaires<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n
#<\/strong><\/td>\nName<\/strong><\/td>\nEst. Net Worth<\/strong><\/td>\n<\/tr>\n
1<\/td>\nWilliam Henry Gates III<\/td>\n$63.4 billion<\/td>\n<\/tr>\n
2<\/td>\nLawrence Joseph Ellison<\/td>\n$40.0 billion<\/td>\n<\/tr>\n
3<\/td>\nJeff Bezos<\/td>\n$21.7 billion<\/td>\n<\/tr>\n
4<\/td>\nLarry Page<\/td>\n$20.2 billion<\/td>\n<\/tr>\n
5<\/td>\nSergey Brin<\/td>\n$20.1 billion<\/td>\n<\/tr>\n
6<\/td>\nPaul Allen<\/td>\n$14.8 billion<\/td>\n<\/tr>\n
7<\/td>\nSteve Ballmer<\/td>\n$14.7 billion<\/td>\n<\/tr>\n
8<\/td>\nAzim Premji<\/td>\n$14.0 billion<\/td>\n<\/tr>\n
9<\/td>\nMichael Dell<\/td>\n$13.4 billion<\/td>\n<\/tr>\n
10<\/td>\nJim Goodnight<\/td>\n$11.2 billion<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

Related Articles<\/strong><\/p>\n

Facebook sinks to record low<\/strong><\/a><\/p>\n

Richest people in the world<\/strong><\/a><\/p>\n

Facebook\u2019s balancing act<\/strong><\/a><\/p>\n

Local investors shun Facebook<\/strong><\/a><\/p>\n

Facebook value down $10 billion, outlook unclear<\/strong><\/a><\/p>\n

Facebook begins to show its cracks<\/strong><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Facebook founder Mark Zuckerberg has dropped out of the world\u2019s 10 richest technology billionaires, following his company\u2019s dramatic market collapse since listing in May.<\/p>\n","protected":false},"author":9,"featured_media":20185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[1851,1850,1857,45,26,3875,1858,1244,169,2746,1250,3876],"class_list":["post-20183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-bill-gates","tag-bloomberg","tag-carlos-slim-helu","tag-facebook","tag-headline","tag-james-goodnight","tag-larry-ellison","tag-mark-zuckerberg","tag-microsoft","tag-nasdaq","tag-oracle","tag-sas"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/20183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=20183"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/20183\/revisions"}],"predecessor-version":[{"id":20187,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/20183\/revisions\/20187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/20185"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=20183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=20183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=20183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}