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Zuckerberg's fortune dropped by over $420 million as Facebook shares fell to a record low. Photo: Getty Images

Social networking giant Facebook's co-founder Mark Zuckerberg has been dropped from the list of the world's ten richest technology billionaires.

Zuckerberg's fortune dropped by over $420 million last week as Facebook shares fell to around $20 in New York, a record low.

According to the Bloomberg Billionaires Index, Zuckerberg is now worth $10.2 billion.

He is about $400 million behind James Goodnight, the co-founder of software maker SAS Institute, who now ranks as technology's 10th- richest person, The Sydney Morning Herald reports.

According to the paper, Zuckerberg's fortune is based on his ownership of 503.6 million shares of Facebook, including 60 million options that have an exercise price of six cents a share.

He also has about $150 million in cash and other liquid assets.

Tag : #Facebook #Mark Zuckerberg #news

Sahara pulls out of Indian Premier League

from IBNLive

Sahara pulls out of Indian Premier League

Sahara, the owner of Pune Warriors India, has pulled out of the Indian Premier League, having failed to pay the full franchise fee for the current year


Spot fixing: Vindoo Dara Singh held

from IBNLive

Spot fixing: Vindoo Dara Singh held

Actor Vindoo Dara Singh has been arrested by the Mumbai police in relation to the IPL spot-fixing case. The actor, who was detained by the Crime branch in Mumbai on Monday night was formally arrested on Tuesday morning.

Funny tweets on Vindoo Dara Singh's arrest

from in.com

Funny tweets on Vindoo Dara Singh's arrest

On Tuesday, the Mumbai Crime Branch arrested Vindoo Dara Singh for his alleged links with bookies and inspired some hilarious tweets on Twitter

Andhra to seek revision of SC order on Babli

from IANS

Andhra to seek revision of SC order on Babli

An all-party meeting in Hyderabad decided that AP government will seek review/clarification from the SC on its orders about the Babli project.

Gangrape: Court says no to lie detector test

from IANS

Gangrape: Court says no to lie detector test

A fast track Delhi court hearing the December 16, 2012, gang-rape case on Monday dismissed the pleas of two accused seeking permission to undergo lie detector tests and also to subject the victim's male friend to a similar test.

Newsmaker of the day: Phaneesh Murthy

from in.com

Newsmaker of the day: Phaneesh Murthy

An ugly sex scandal has made Phaneesh Murthy's employers show him the door yet again. Can the honcho bounce back like he did in 2003? Only time will tell.

Slide with Gandhi's blood to be auctioned

from IBNLive

Slide with Gandhi's blood to be auctioned

A large collection of Mahatma Gandhi's memorabilia will go under the hammer on Tuesday in London.