Mark Zuckerberg become World’s 3rd richest person replacing Warren Buffett
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
The ranking, which tracks the world’s 500 richest people, is
updated after the close of each trading day in New York.