Facebook CEO Mark Zuckerberg overtakes Warren Buffett as world’s third richest person

The chief executive officer of Facebook, Mark Zuckerberg has been ranked as the third richest person in the world, surpassing famed investor Warren Buffett.

Amazon CEO Jeff Bezos and Microsoft co-founder Bill Gates are still ahead of Zuckerberg, with net worths of $139.6 billion and $92.3 billion respectively. This is the first time that the top three wealthiest people in the world all made their fortunes in technology.

The 34-year-old CEO of the social networking site previously was on 5th in the world’s richest person list with an estimated asset worth $71 billion.

Zuckerberg’s net worth increased to $81.6 billion on Friday after Facebook shares went up 2.4%. The social network is now valued at about $571 billion going into the weekend, Bloomberg reported.

Buffett, who once ranked as the world’s wealthiest person, has now slid down to number four, largely in part to his charitable giving.

According to the Bloomberg Index, fortunes made in technology make up about a fifth of the more than $5 trillion, more than any other sector.

Hey, I'm Isra Shams, the Managing Editor at Brands Magazine & FHM Pakistan. My passion is writing and I want to make a difference in the world with the power of the pen!
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