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indiantelevision.com Team
MUMBAI: Facebook CEO Mark Zuckerberg has slipped from the Bloomberg Billionaires Index as the internet entrepreneur?s fortune fell to $14.7 billion.
The drop in net worth comes in the backdrop of Facebook?s stock falling to below $30 on Tuesday compared to its first trading day high of $45.
Zuckerberg, who was estimated at $19.4 billion on 19 May, has been replaced by Columbian billionaire Luis Carlos Sarmiento at the 40th spot whose estimated net worth is $15.5 billion.
Facebook began trading publicly on the Nasdaq Global Select Market on 18 May under the symbol FB with its stock price fixed at $38 per share.
The IPO, which was marred by technical glitches and lawsuits, saw the company?s value jump to $100 billion.
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