Mark Zuckerberg, Facebook’s CEO, became the biggest dollar loser in the latest ranking of 400 wealthiest Americans by Forbes. He dropped in the list from the number 14 to the number 36. One main reason behind this drop is the drop in value of the stocks since IPO launch in May. The value of the stock of the company dropped from $38 in the start to below $20 in August. This drop in the value cost him $8.1 billion dollar in net worth. However, still his net worth is $9.4 billion as reported by the magazine.
According to the magazine, he is still at number 9 on the list of the powerful people.
In the list, Microsoft’s Bill Gates is the richest man in America with net worth of $66 billion. He took the top spot for the 19th year running. Warren Buffett, the head of Berkshire Hathaway, is at the second position with the net worth of $46 billion and Larry Ellison of Oracle is at third position.
You can see the top 10 Americans on this year’s Forbes 400 list are:
- Bill Gates, $66 billion
- Warren Buffett, $46 billion
- Larry Ellison, $41 billion
- Charles Koch, $31 billion
- David Koch, $31 billion
- Christy Walton & family, $27.9 billion
- Jim Walton, $26.8 billion
- Alice Walton, $26.3 billion
- S. Robson Walton, $26.1 billion
- Michael Bloomberg, $25 billion