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Facebook Owner, Mark Zuckerberg Becomes The Third Richest Man In The World

Posted by on July 7th, 2018

 

 

Facebook Inc. co-founder Mark Zuckerberg
has overtaken Warren Buffett as the world’s
third-richest person, further solidifying
technology as the most robust creator of
wealth.
Zuckerberg, who trails only Amazon.com Inc.
founder Jeff Bezos and Microsoft Corp. co-
founder Bill Gates , eclipsed Buffett Friday as
Facebook shares climbed 2.4 percent,
according to the Bloomberg Billionaires Index.
It’s the first time that the 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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