Facebook Boss Zuckerberg Now World’s Third Richest

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Facebook CEO Mark Zuckerberg is now the third richest man in the world, overtaking Warren Buffett on Bloomberg’s list of the world’s richest people.

Zuckerberg passed Buffett Friday as Facebook shares rose 2.4 percent, Bloomberg reported.

Above Zuckerberg were Amazon CEO Jeff Bezos, in the No. 1 spot, and Microsoft co-founder Bill Gates.

The daily rankings of the world’s 500 richest people listed in the Bloomberg Billionaires Index showed the top 3 remained the same Saturday.

Zuckerberg is now worth $81.6 billion, nearly $400 million more than Buffett, chairman of the Berkshire Hathaway investment group, rankings show.

Zuckerberg’s California-based social network business has more than 2 billion active monthly users.

The company’s stock has reached a record high despite ongoing scrutiny over its Cambridge Analytica data breach that leaked personal information of up to 87 million people, MarketWatch reported.

Zuckerberg has pledged to give away 99 percent of his Facebook stock away in his lifetime, his Bloomberg profile shows. Further, Zuckerberg has given $3.58 billion in stock sales away this year alone to a charity initiative he set up with his wife, Priscilla Chan, in 2015.

Buffett has donated about 290 million of his shares in Berkshire Hathaway to charities — an equivalent of about $50 billion.

'Dotun Akintomide
'Dotun Akintomide
'Dotun Akintomide's journalism works intersect business, environment, politics and developmental issues. Among a number of local and international publications, his work has appeared in the New York Times. He's a winner of the National Youth Service Corps (NYSC) Award. Currently, the Online Editor at The New Diplomat, Akintomide has produced reports that uniquely spoke to Nigeria's experience on Climate Change issues. When Akintomide is not writing, volunteering or working on a media project, you can find him seeing beautiful sites like the sandy beaches that bedecked the Lagos coastline.

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