Mark Zuckerberg Leaves Behind Warren Buffett In The List Of Richest Persons

Monday, 09 Jul, 2018

Mark Zuckerberg has leapfrogged Warren Buffett to become the third richest person in the world, and is now said to be worth around $81.6bn (£61bn).

The 34-year-old now trails behind Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates, taking over the third spot from Buffett on Friday, Bloomberg reported.

Just a few months ago, Facebook shares hit an eight-month low in the midst of the Cambridge Analytica scandal, which revolved around over 87 million Facebook users being affected by a data breach.

Mark Zuckerberg jumped ahead of Berkshire Hathaway CEO Warren Buffett in the ranklings of the world's richest persons.

Zuckerberg is now worth $81.6 billion, almost $400 million more than Buffett, chairman of the Berkshire Hathaway investment group, rankings show. The report noted that this is the first time when the three wealthiest people on the list built their enormous wealth in the field of technology.

Facebook appears to have made it through its worst storm to date, though.

Facebook's stocks, despite the fallout over the data-privacy crisis, are now at a record high of $203.23. Overall, the sector has contributed about one-fifth of the $5 billion in wealth tracked by the index, Bloomberg reported. Berkshire Hathaway purchased about 75 million shares of Apple stocks early this year in addition to the 165 million shares that it already had. He's worth an astonishing $81.6 billion.

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