The young billionaire was dwarfed by some of the most renowned businessmen from all over the globe in the Bloomberg Billionaires Index, the publication’s financial report released last week.
Carlos Slim, the telecommunications magnate who controls Mexico’s America Movil SAB, led the list of billionaires with a net worth of $68.5 billion, despite incurring a significant loss in the market recently.
Microsoft founder, Bill Gates, held a strong number two position on the Index, with a net worth of $62.4 million, up 11 percent from last year.
Warren Buffett of Berkshire Hathaway Inc. also occupied a prized position on the report this year, being valued at $43.8 billion.
Also listed on the Index is Eike Batista. While the Brazilian only ranked tenth on the list at $39 billion, he purportedly plans on becoming the wealthiest man in the world by 2015. “Brazilians have always admired the American dream. What’s happening in Brazil is the Brazilian dream,” he has said.
The last spot on the list belonged to 89 year old Liliane Bettencourt, whose family owns 31 percent of the cosmetics company L’Oreal. At approximately $23.5 million, her net worth is $2 billion above Mark Zuckerberg’s estimated worth.
Zuckerberg’s estimated net worth, based on his shares in Facebook, is valued at $21 billion, 25 percent less than previous estimates.
Facebook, his brainchild, is valued at approximately $100 billion. The shares it plans to issue in its highly anticipated initial public offering are expected to further diminish the young Jewish mogul’s net worth.