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."
