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Thursday, 7 March 2013

The World's Richest Tech Billionaires: Familiar Faces As Zuckerberg Drops Down List





In a year when the members of the Forbes Billionaires List had their combined net worth rise more than 15% since 2012 to $5.4 trillion, the world’s wealthiest technologists underperformed.
Among those with lighter pockets is Facebook cofounder and CEO Mark Zuckerberg. Last year when Forbes valued his fortune, Facebook was still a hot private company with all the buzz and anticipation of a potential initial public offering in its future. Things didn’t turn out quite that way, as the stock tumbled along since its May 2012 IPO. It is now far from its sub-$20 price point, which it hit in August, but still not back up to the original $38 offering price. As a result, the hoodie-wearing 28-year-old’s net worth fell $4.2 billion from 2012s $17.5 billion valuation, dropping him 31 places on this year’s list to No. 66 out of 1,426 billionaires. Among the wealthiest in tech, Zuckerberg falls from the sixth richest individual to the ninth.

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