Mark Zuckerberg become World’s 3rd richest person replacing Warren Buffett

Highlights:

  • The Maestro of Wall Street - the Chairman and Founder of Berkshire Hathaway, Warren Buffett is no longer world’s third richest person.
  • Facebook Inc co-founder Mark Zuckerberg has overtaken Warren Buffett as the world’s third-richest person.
  • It’s the first time that the three wealthiest people on the ranking made their fortunes from technology - Amazon’s Jeff Bezos at no.1, Microsoft’s Bill Gates at no. 2 and now Mark Zuckerberg at no. 3.
  • The 34 year old Zuckerberg 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.
  • Technology fortunes make up about a fifth of the more than $5 trillion in wealth tracked by the Bloomberg index, more than any other sector.
  • The ranking, which tracks the world’s 500 richest people, is updated after the close of each trading day in New York.