Facebook CEO Mark Zuckerberg is now the 3rd richest man in the world, overtaking Warren Buffett.
According to the Bloomberg Billionaires Index, 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.
This is 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.
Facebook’s stocks, despite the fallout over the data-privacy crisis, are now at a record high of $203.23.
Buffett’s slide down the ranks is said to be due to his charitable activities, as he’s so far given out shares worth more than $50 billion.
Photo: AP/Esteban Felix