A while back we predicted that Facebook founder Mark Zuckerberg was in danger of losing his title as the world's youngest billionaire due to the maddening ascent of teen diva Miley Cyrus. But, Forbes magazine says, Mark Zuckerberg, who's just shy of his 25th birthday, has indeed lost his title as the world's youngest billionaire--simply because he's not a billionaire anymore.
He's still fabulously wealthy, obviously, and clearly stands a chance of making it back onto the list. But his fortune is tied closely to Facebook's valuation, and with the worldwide recession in effect, that valuation has only gone down. The company still relies on advertising revenue, which has been hit hard by the market collapse. Forbes hasn't released a figure as to what they guess Zuckerberg's actual worth might be.
Even worse for poor Zuck: He's been replaced by a guy with the worst sideburns I've ever seen. The title of world's youngest billionaire has returned to Prince Albert von Thurn und Taxis, a 25-year-old German worth $2.1 billion, whose facial hair could only be at home in a 19th-century imperial army or a divey hipster music venue.
Kind of makes you appreciate Zuckerberg's trademark North Face fleeces and Adidas sandals.