08-07-2018, 01:52 PM
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.
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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