Mark Zuckerberg, founder of Facebook Inc. has overtaken Warren Buffett as the world’s third-richest person.
34-year-old Mark Zuckerberg is now worth $81.6 billion, about $373 million more than Warren Buffett, the 87-year-old chairman and chief executive officer of Berkshire Hathaway Inc.
According to Bloomberg, this win further solidifies 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.
This is the first time that the three wealthiest people on the ranking made their fortunes from technology.
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.