Facebook Founder Mark Zuckerberg has lost his place among the world’s ten richest tech billionaires.
The owner of the social giant Facebook lost around $423 million of his personal fortune as Facebook share fell to 20 dollars in New York and the co-founder of the most celebrated social media is now worth 10.2 billion dollars, according to the Bloomberg Billionaires Index.
However, Zuckerberg is strong enough to handle the twist, thinks Ron Florance, managing director of investment strategy for the Wells Fargo Private Bank.
“From an emotional standpoint, he might care,” said Florance.
“He’s much more worried about maintaining Facebook’s market share in the social-media space than the day-to-day valuation swings of his company stock. He’s not worried about going broke,” he added.
