The billionaires club welcomed a new member at the close of trading Tuesday, as Facebook Chief Operating Officer Sheryl Sandberg saw her net worth top the $1 billion mark when the social network’s stock closed at $58.51 per share, Bloomberg reported.
Although Facebook Co-Founder and CEO Mark Zuckerberg is still the second-youngest billionaire in the world (to fellow Co-Founder Dustin Moskovitz), he plummeted on Forbes‘ list of the richest people in the world. Zuckerberg went from No. 35 in 2012 to No. 66 this year, according to figures released by Forbes Monday.
Poor Mark Zuckerberg. First, the Facebook co-founder and CEO watched his company’s stock flounder after it went public. Now his own stock has fallen. Business Insider reported Thursday that Zuckerberg is no longer among the 40 richest people in the world.