Mark Zuckerberg, co-founder of the world's most popular social networking site Facebook lost $3.2 billion this week as share values of his firm dropped 16.5%, according to a report

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Zuckerberg, 28, was the biggest loser in a recently published list of the world's richest people

The Bloomberg Billionaires Index ranked him as the 35th richest person in the world with a $16.2 billion fortune, The Sydney Morning Herald reports

According to the report, other Facebook fortunes also fell during the week.

Sean Parker, who persuaded Zuckerberg to move to California to focus on the company full time in 2004, owns 66 million Facebook shares worth $2.1 billion, down $402 million since the company's IPO.

The Bloomberg Billionaires Index takes measure of the world's richest people on the basis of market and economic changes and Bloomberg News reporting.