From CNBC: Mark Zuckerberg’s paper wealth has fallen by more than $3 billion
over the past two-and-a-half trading days. It could fall further today, giving
us a new term for the business lexicon: “Zucked.” (As in “My stock wealth is down
30 percent, I got Zucked!”)
While Zuckerberg’s daily wealth gyrations may be new, the phenomena
of sudden wealth loss is not. It is now part of the world of wealth, where a
growing number of personal fortunes are made and lost in the volatile stock
market.
Granted, we shouldn’t take up a collection the slightly
less-hyper-rich Zuckerberg. He’s still got more than $16 billion in paper
wealth. And there are plenty of retail investors who were probably far more
damaged. (They really got Zucked.)
Still, Zuckerberg has plenty of company when it comes to
watching billions evaporate overnight. Here are some examples of other
entrepreneurs and corporate chiefs who have suddenly lost billions….
Grab a hankie and read all about it at http://www.cnbc.com/id/47520315
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