Mark Zuckerberg Has Officially Dropped Out Of The Top 10 Forbes Power List

Mark Zuckerberg Has Officially Dropped Out Of The Top 10 Forbes Power List
World
Like Us On Facebook
Like Us On Facebook

Mark Zuckerberg has fallen out of the Top 10 Most Powerful People in the World according to Forbes, thanks to a lackluster performance of Facebook’s stock since its IPO in May.


Mark Zuckerberg, founder and CEO of Facebook, fell from ninth to 25th place in the Forbes rankings after what the magazine called a “debacle” of an IPO.


He is one of the biggest movers in this year’s list and is now only one spot above media mogul Rupert Murdoch.

Mark Zuckerberg also trails fellow tech giants Larry Page and Sergey Brin of Google, who are jointly tied at 20.


After amassing his fortune, Mark Zuckerberg has seen nearly half of his $17.5 billion fortune dissipate, as he is now worth approximately $9.4 billion.

2012 wasn’t all bad for Zuckerberg, as the 28-year-old married his long-term girlfriend Priscilla Chan in a ceremony at his mansion in Palo Alto, California.

Facebook also reached a user base of 1 billion, and acquired photo-sharing site, Instagram.

We’re pretty sure Mark Zuckerberg isn’t complaining about his current situation.

Jordan Shepherd | Elite.

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Julian Sonny

From the sandy beaches of Hawaii, to the streets of New York: Julian has seen it all. His lifetime of travels has given him a broad scope of knowledge and an eclectic taste unlike any other in the tri-state area. Julian has often been compared to cultural icon, The Rock, because of his unequivocal work ethic and warrior-like stature.

More In World

World Emily Arata

Besides Being Delicious, Bacon Could Be Essential To Stopping Nosebleeds

The next time you have a nosebleed, forget the tampon. Stick a piece of cured ham up your nostril. Dr. Sonal Saraiya and her team at the Detroit Medical Center received an Ig Nobel Prize for ending a child’s unstoppable nosebleed by pushing strips of cured meat up his nose. The boy suffered from Glanzmann’s thrombasthenia, a condition […]

World Sean Levinson

Earth’s Population Could Possibly Reach 12 Billion People By 2100

A research team from the University of Washington has predicted Earth’s population to exceed 12 billion by the year 2100. Statistician and sociologist Adrian Raftery and his 13-member crew arrived to their conclusion after analyzing UN data regarding rates of fertility, death, migration and aging. The results yielded significant uncertainty on many levels, saying we […]

World Emily Arata

Pabst Blue Ribbon Will Be Sold In Russia, And Now There Will Be Even More Hipsters

In dimly-lit dive bars across the country, the American hipster is weeping. Pabst Blue Ribbon beer was once the refreshment of blue-collar workers before becoming the unofficial drink of the young hipster movement. Today, Eugene Kashper of Russia-based Oasis Beverages announced the sale of Milwaukee-based Pabst Brewing Company. PBR is a 170-year-old brand that stretches […]

Also On Elite

Life

13 Ways Post-Grad Life In NYC Is Exactly Like Studying Abroad

You may have thought you would never experience the lifestyle you had when you studied abroad during your junior year. But if you’re headed to the Big Apple after college, you can experience that lifestyle all over again: the good, the bad and the completely broke. 1. You have never had so much free time. […]

World

Reports Claim Police Ran Over And Let A Dog Urinate On Michael Brown’s Memorial

With the use of unnecessary force, militarization and holding back crucial information, the Ferguson police force hasn’t won anyone over. Now, new information suggests the ultimate disrespect of Michael Brown’s family. According to reports, on August 9, Ferguson police cars ran over flowers and an officer let his dog urinate on Michael Brown’s memorial site […]

World

Even Though He Served 10 Years In Prison For Rape, This Cop Can Still Legally Carry Gun

The aftermath of the Michael Brown shooting has led to nationwide condemnation of police officers committing severe acts on the job and receiving what seems like insufficient punishment afterward. Among the troubling cases is that of Georgia’s Dennis Krauss, who was convicted of rape, yet is still legally allowed to carry a firearm despite being […]

Life

7 Reasons Why The Second Child Is The Best Child You Can Be

In non-depressing news this week, Kensington Palace representatives announced that Prince William and the Duchess of Cambridge are expecting a second child. Yay! More maternity outfits on Pinterest! To put it mildly, the next royal baby has a lot to look forward to. Not only is (s)he the unquestionable winner of the lucky sperm club, […]