Zuckerberg, social media moguls take gigantic tumblec

Zuckerberg, social media moguls take gigantic tumblec

POSTED: Wednesday, September 19, 2012 - 10:30pm

UPDATED: Wednesday, September 19, 2012 - 10:44pm

Mark Zuckerberg was living the high life in 2011, but at least from the outside, 2012 hasn't been so kind to the Facebook founder.

Zuckerberg was the biggest loser in Forbes' annual 400 richest Americans list. The company's lackluster initial public offering resulted in Zuckerberg's net worth dropping from $17.5 billion, which put him among the highest paid Americans, to $9.4 billion.

In case you hate math, Zuckerberg lost $8.1 billion. A net worth of $8.1 billion would slot you in as the 43 richest American.

But Zuckerberg wasn't alone on his gigantic tumble.

Zynga Inc.'s Mark Pincus and Groupon Inc.'s Eric Lefkofsky dropped off the list entirely.
 

Read more here.

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