Mark Pincus is the latest social-media CEO to become a billionaire – and then a former billionaire – in just six months.
This spring, when Zynga shares were trading above $14.50 a share, Pincus’s 94.5 million shares were worth more than $1.3 billion. Now, his shares are worth less than $250 million.
That means his wealth has fallen by $1 billion in seven months, which works out to more than $4 million a day, or more than $200,000 an hour.