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Mark Zuckerberg becomes third richest man in the world

Facebook founder, 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 on 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 on
Saturday. Zuckerberg is now worth $81.6
billion, nearly $400 million more than Buffett,
chairman of the Berkshire Hathaway
investment group.

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.
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