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Mark Zuckerberg has lost $9 billion since Facebook's IPO

August 03, 2012|By Ryan Faughnder
  • Mark Zuckerberg, chief executive officer and founder of Facebook Inc., sits in a parked car at the entrance to the Lodge during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho.
Mark Zuckerberg, chief executive officer and founder of Facebook Inc.,… (David Paul Morris/Bloomberg )

Facebook's Mark Zuckerberg, who owns 503.6 million shares of the world’s largest social network, has lost about $9 billion since the company went public in May.

The 28-year-old co-founder has seen the value of his company fall by nearly half since its initial public offering at $38 per share. 

On Thursday alone, his fortune fell by $423 million when the stock price reached a new low of $20.04.

Photos: Facebook and Mark Zuckerberg

At market close Thursday, Zuckerberg was worth $10.2 billion, according to the Bloomberg Billionaires Index.

That knocked him out of the top 10 for richest technology billionaires, according to Bloomberg, putting him $400 million behind James Goodnight, the co-founder of software maker SAS Institute Inc.

Facebook’s stock picked up Friday morning. At the time of this writing, shares had increased 4.8% to about $21. 

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