Facebook’s co-founder “Mark Zuckerberg” is now the third richest person in the world as he has surpassed Warren Buffett (CEO of Berkshire Hathaway), according to Bloomberg Billionaires Index.
34-year-old Zuckerberg who was previously listed as the 5th richest person in the world with an estimated asset worth $71 billion, now has a net worth of $81.6 billion, making him $373 million richer than 87-year-old Buffett.
Facebook’s stock has spiked about 15% despite the eight-month low of $152.22 in late March after the massive Cambridge Analytica controversy over the company’s handling of user data. Shares have since climbed 2.4 % and were at $203.23 on Friday.
Three Tech Giants
This is the first time that the three wealthiest people on the list have come from the technology sector, with Amazon CEO Jeff Bezos ranked as the richest in the world while Microsoft founder Bill Gates is ranked as the second richest person on the list, at $142 billion and $94.2 billion, respectively.
Buffett, who once ranked as the world’s wealthiest person, has now slid down to number four, largely in part to his charitable giving. Buffett has given away some $290 million Berkshire Hathaway B-shares since 2006, many of them to the Gates Foundation. Today, those shares are worth about $54 billion, which could’ve made him the second richest person.
Will Give Away 99%
As for Bezos and Zuckerberg, both of them have made charitable donations, but they’re small enough that they have not had any significant effect on their wealth. Zuckerberg has promised to give away 99 % of his wealth within his lifetime but is currently only at the very beginning of that project. Bezos, on the other hand, has barely even started donating his wealth.