Mark Zuckerberg Tops Warren Buffett To Buy The Farm The World’S Third-Richest Someone (Fb; Brk)

From Bloomberg, July 6:

Facebook Inc. co-founder Mark Zuckerberg has overtaken Warren Buffett every bit the world’s third-richest person, farther solidifying engineering scientific discipline every bit the most robust creator of wealth.

Zuckerberg, who trails solely Amazon.com Inc. founder Jeff Bezos together with Microsoft Corp. co-founder Bill Gates, eclipsed Buffett Fri every bit Facebook shares climbed 2.4 percent, according to the Bloomberg Billionaires Index.

It’s the starting fourth dimension time that the iii wealthiest people on the ranking made their fortunes from technology. Zuckerberg, 34, is forthwith worth $81.6 billion, nearly $373 1000000 to a greater extent than than Buffett, the 87-year-old chairman together with original executive officeholder of Berkshire Hathaway Inc.

Zuckerberg’s rise has been driven past times investors’ continued comprehend 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 depression of $152.22 on March 27. The stock closed Fri at a tape $203.23.

Technology fortunes brand upwardly nearly a 5th of the to a greater extent than than $5 trillion inwards wealth tracked past times the Bloomberg index, to a greater extent than than whatsoever other sector. The ranking, which tracks the world’s 500 richest people, is updated afterward the unopen of each trading solar daytime inwards New York....MORE