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Zuckerberg Slips Out Of The Billionaire Club

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Zuckerberg Slips Out Of The Billionaire Club

Forbes has published its annual list of billionaires, and Mark Zuckerberg, the man who founded Facebook, isn’t on it.
Last year Zuckerberg was reportedly worth $1.5 billion, according to Forbes, and these days he’s scrabbling for spare change as a multi-millionaire. So what happened?

It’s all down to the credit crunch – things just aren’t worth what they used to be, and the dot-com bubble has burst (again). In reality, Zuckerberg’s billionaire status was pretty much just virtual, based on the $15 billion valuation after Microsoft paid $240 million for a stake in the site.

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And, as Forbes admits, "it’s hard to imagine the privately held company being worth nearly as much as it was a year ago."

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