Mark Zuckerberg Becomes The Third Richest Man In The World


Facebook Inc. co-founder, Mark Zuckerberg has overtaken Warren Buffett who happens to be the world’s third-richest person to further solidifying technology as the most robust creator of wealth.

Zuckerberg who trails only Inc. founder, Jeff Bezos and Microsoft Corporation co-founder, Bill Gates, eclipsed Buffett Friday as Facebook shares climbed 2.4 percent from the record of the Bloomberg Billionaires Index.

This the first time that three wealthiest people on the ranking made their fortunes from technology. Zuckerberg, 34, is now worth $81.6 billion, about $373 million more than Buffett, the 87-year-old chairman and chief executive officer of Berkshire Hathaway Inc.

Zuckerberg’s ascent has been driven by investors’ continued embrace of Facebook, the social-network giant that shook off the fallout from a data-privacy crisis that hammered its shares, sending them to an eight-month low of $152.22 on March 27. The stock closed Friday at a record $203.23.


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