Saturday, 21 July, 2018


Zuckerberg jumps ahead of Buffett to become third-richest person alive

Mark Zuckerberg is now worth $81.6 billion about $373 million more than Warren Buffett Mark Zuckerberg is now worth $81.6 billion about $373 million more than Warren Buffett
Conrad Doyle | 08 July, 2018, 14:38

Zuckerberg's net worth is now $81.6 billion, around $373 million more than Buffett.

Facebook CEO Mark Zuckerberg overtook the legendary investor and Berkshire Hathaway CEO Warren Buffett to become the world's 3rd richest person as per the net worth calculated by Bloomberg.

Zuckerberg, 34, rounded out the tech giants now at the top of the money heap, following Amazon.com founder Jeff Bezos and and Microsoft co-founder Bill Gates in the No. 2 spot, according to the Bloomberg Billionaires Index, which tracks the world's 500 wealthiest people.

The standings mean that this is the first time the world's three richest people all made their fortunes in technology.

Facebook's data leak scandal couldn't stop Mark Zuckerberg from climbing further up the rich list. Technology assets make up about 20 percent of the more than $5 trillion in wealth tracked by the index, which is more than any other business. The aforementioned ranking index tracks the world's richest 500 people and is updated following the closing of each trading day in NY. He's donated about 290 million Berkshire Hathaway Class B shares to charities, most of it to Gates's foundation. During the period, Facebook's stock fell to an eight-month low of $152.22 on March 27. Those shares are now worth more than $50 billion (about Rs. 3.44 lakh crores), according to data compiled by Bloomberg.

Zuckerberg and wife Priscilla Chan have promised they will give away 99 per cent of Facebook stock during their lifetime.

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