Andre Yoskowitz
21 May 2012 21:47
One of the richest men in the world has just gotten a little bit poorer.
Facebook CEO Mark Zuckerberg's fortune fell $2.2 billion today after investors and Wall Street sold off shares in Facebook, dropping the company's stock 11 percent just one day after it went public.
After today's fall, the company is valued at $93 billion and Zuckerberg has a 24 percent share, making him the 26th richest person on the planet.
Other co-founder Dustin Moskovitz and Eduardo Saverin saw their shares depreciate, as well, with Moskovitz's $4.5 billion in shares down $580 million and Saverin's $1.8 billion stake was down $230 million.
The company has been quick to spend its newfound capital, purchasing social gifting app Karma and paying $1 billion for the ever-popular iOS and Android photo editor Instagram.