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Zuckerberg out of world’s 10 richest tech billionaire list

Last Updated: Monday, August 6, 2012 - 12:54

Sydney: Social networking giant Facebook’s co-founder Mark Zuckerberg has been dropped from the list of the world's ten richest technology billionaires.

Zuckerberg’s fortune dropped by over 420 million dollars last week as Facebook shares fell to around 20 dollars in New York, a record low.

According to the Bloomberg Billionaires Index, Zuckerberg is now worth 10.2 billion dollars.

He is about 400 million dollars behind James Goodnight, the co-founder of software maker SAS Institute, who now ranks as technology's 10th- richest person, The Sydney Morning Herald reports.

According to the paper, Zuckerberg's 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 dollars in cash and other liquid assets.


First Published: Monday, August 6, 2012 - 12:54
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