The Chief Executive Officer and founder of Facebook Mark Zuckerberg has dropped abysmally in Forbes List of richest people in the world 2012. His occupation of the 9th position in the old list was no longer tenable as he now occupies 25th position in the Forbes list. The reason is not far fetched. This is simply due to Facebook stock downturn which saw Mark Zuckerberg losing about $17.5 billion of his fortune. Facebook initial public offer (IPO) was $38 per share but has dropped to below $20. There have been accusing fingers pointing at multiple directions in addition to lawsuits filed here and there and this will linger for many years to come. This explains the sharp drop in the list.
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