Mark Zuckerberg Tops Warren Buffett to Become the World's Third-Richest Person

[former9thward]

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.


I remember in March when FB was having its privacy issues people were saying FB was dead. I guess it rose from the dead....

[Le Gaucher]

1. Most undeserving ..

I hope Facebook goes bankrupt one day.

[BigmanPigman]

4. Not "one day" but "this year".

He is a guilty, greedy, lying, unpatriotic loser! He and little miss "lean in" can kiss my fanny! They sold this country and did so willingly and for profit...he is as bad as Blackwater in my book!

[MattP]

2. Not for actual money and if he tried to sell any stock he'd lose what he's worth

They should list what the breakdown of wealth is but really the list is beyond stupid Putin iis #1 and a bunch of other autocratic rulers and monarchy types are the real list

[Sneederbunk]

3. I imagine Buffett has gone into seclusion.