Facebook Chief Executive Officer Mark Zuckerberg on Saturday overtook American businessman Warren Buffett to become the world’s third-richest person.
The 34-year-old Zuckerberg is now worth about $81.6 billion, and trails only Amazon founder Jeff Bezos and Microsoft’s Bill Gates. Bezos is worth $142 billion, while Gates’ worth is $94.2 billion, according to the Bloomberg Billionaires Index. It is a daily ranking of the world’s richest people, and the figures are updated at the end of each day’s trade in New York.
This is the first time that the three richest people on the list made their fortunes from technology, the report said. Buffett, the chairman of multinational conglomerate holding company Berkshire Hathaway, is in fourth place with a net worth of $81.2 billion.
|Name||Total Net Worth||Industry|
|Jeff Bezos|| $142 billion||Technology|
|Bill Gates||$94.2 billion||Technology|
|Mark Zuckerberg||$81.6 billion||Technology|
|Warren Buffett||$81.2 billion||Diversified|
|Amancio Ortega||$76.1 billion||Retail|
Zuckerberg seems to have shaken off the fallout due to the data privacy crisis, which sent Facebook’s shares to an eight-month low of $152.22 on March 27, Bloomberg reported. On Friday, the stock closed at $203.23. Investors have continued to support the social media company despite the crisis.
The company has been under intense scrutiny in the past few months after it became public that British political consulting firm Cambridge Analytica had accessed private information of 87 million Facebook users. The company also failed to identify alleged Russian interference in the 2016 presidential election in the United States.