Zuckerberg out of world's 10 richest tech billionaire list following Facebook share slide

Aug 6, 9:59 am

Sydney, Aug 6 (ANI): Social networking giant Facebook's co-founder Mark Zuckerberg has been dropped from the list of the world's ten richest technology billionaires.

Zuckerberg's fortune dropped by over 420 million dollars last week as Facebook shares fell to around 20 dollars in New York, a record low.

According to the Bloomberg Billionaires Index, Zuckerberg is now worth 10.2 billion dollars.

He is about 400 million dollars behind James Goodnight, the co-founder of software maker SAS Institute, who now ranks as technology's 10th- richest person, The Sydney Morning Herald reports.

According to the paper, Zuckerberg's fortune is based on his ownership of 503.6 million shares of Facebook, including 60 million options that have an exercise price of six cents a share.

He also has about 150 million dollars in cash and other liquid assets. (ANI)

Facebook, Mark Zuckerberg, Bloomberg Billionaires Index, shares

ESPN lays offs some of its employees to control costs(Amended/ESPN Employee/Update) May 23, 6:06 pm

Washington, May 23 (ANI): Sports media giant ESPN has given pink slips to some of its 7,000 employees as a cost cutting measure.

Full Story ť

Google wants 'rational tax system' following criticism over firm's lesser tax transparency May 23, 5:22 pm

London, May 23 (ANI): Google chairman Eric Schmidt has called for a more rational and predictable international tax system following widespread criticism over the company's failure to have a more transparent tax payment system.

Full Story ť

Rediff.com reports fiscal 2013 fourth quarter and year-end results May 23, 4:27 pm

New Delhi, May 23 (ANI): Rediff.com, one of the premier online providers of news, information, communication, entertainment and shopping services to Indians worldwide, has announced results for its fourth quarter and fiscal year ended March 31, 2013.

Full Story ť

Ford to close manufacturing operations in Australia, slash 1200 jobs May 23, 3:51 pm