Mark Zuckerberg Now Third Richest Person On Earth

Mark Zuckerberg tops Warren Buffett to become world’s third-richest person

Facebook Mark Zuckerberg has overtaken American business magnate Warren Buffett as the world's third-richest person, further solidifying technology as the most robust creator of wealth.

Zuckerberg, 34, rounded out the tech giants now at the top of the money heap, following founder Jeff Bezos and and Microsoft co-founder Bill Gates in the No. 2 spot, according to the Bloomberg Billionaires Index, which tracks the world's 500 wealthiest people.

Facebook has come back from eight-month low shares of $152.22 in late March, at a time when the company and its founder were embroiled in a data privacy crises which resulted in Zuckerberg testifying in Congress, to close on Friday at a record $203.23.

Zuckerberg moved up the ladder after Facebook shares climbed 2.4 percent Friday.

Buffett, who once ranked as the world's wealthiest person, has now slid down to number four, largely in part to his charitable giving. Overall, the sector has contributed about one-fifth of the $5 billion in wealth tracked by the index, Bloomberg reported. Those shares are now worth more than $50 billion, according to data compiled by Bloomberg. The record stock price comes after a bumpy year for the social network, in which scandals surrounding political elections worldwide-including 2016's US presidential election-left many doubting the clout of one of tech's largest giants.

Zuckerberg and wife Priscilla Chan have promised they will give away 99 per cent of Facebook stock during their lifetime.

Related News:

  • Rory McIlroy says he doesn't lose sleep over major hunt

    Rory McIlroy says he doesn't lose sleep over major hunt

    Rory McIlroy plays with Matt Fitzpatrick of England and Thorbjorn Olesson at 1.20pm tomorrow and 8.20am on Friday . It was just to give myself a chance and to put myself into positions to see how I fare. "I did that at Augusta.

    Trump Mocks 'Me Too Generation' At Rally

    During his speech, Trump fantasized about debating Warren and getting her to take a genealogy test. Warren is also up for re-election this year in MA , a race that Inside Elections with Nathan L.
    Dershowitz Won't 'Be Shut Down' or 'Intimidated' for Backing Trump

    Dershowitz Won't 'Be Shut Down' or 'Intimidated' for Backing Trump

    Alan Dershowitz , a Harvard Law professor emeritus, revealed in an op-ed that he has been snubbed lately by old friends in Martha's Vineyard for his legal analysis on the Mueller probe and perceived support of President Trump .
  • After talks, NKorea accuses U.S. of ‘gangster-like’ demands

    Following this summit, a joint statement from Trump and Kim said both sides remained committed to denuclearization. When a reporter asked about North Korea's Saturday comments, Pompeo didn't seem too bothered.
    Ayesha and Stephen Curry Welcome Baby No. 3, Canon W. Jack Curry!

    Ayesha and Stephen Curry Welcome Baby No. 3, Canon W. Jack Curry!

    Ayesha , 29, and Steph , 30, are also parents to two daughters: Ryan Carson, 3 on Tuesday, and Riley , who turns 6 on July 19. Canon is the couple's first boy, and one Im sure Steph can't wait to get on the bball court.
    England unchanged to face Sweden in quarter-final

    England unchanged to face Sweden in quarter-final

    But, on a day Kane could not, it was Maguire who led the way by heading in Ashley Young's 30th-minute corner past Robin Olsen . Mayor of London Sadiq Khan hailed the result too, praising England's "terrific" performance.
  • Auto News: Toyota Supra To Race In NASCAR Next Year

    Auto News: Toyota Supra To Race In NASCAR Next Year

    In its stead, the Japanese auto giant will field a race vehicle that previews the look of the upcoming Toyota Supra . The Supra was originally produced by Toyota in 1978, but its sales were discontinued in 1998 in the United States.
    Pickford Wasn't Even Born Last Time England Played A World Cup Semi

    Pickford Wasn't Even Born Last Time England Played A World Cup Semi

    The 25-year-old produced a superb display for the Three Lions, as Gareth Southgate's side won 2-0 to book their place in the semi-finals of the prestigious competition.
    Insider attack kills U.S.  service member in Afghanistan

    Insider attack kills U.S. service member in Afghanistan

    Green-on-blue or insider attacks, in which a member of the ANSF attacks American service members, have taken place every year since 2008.
  • Two US Navy vessels sail through Taiwan Strait: MND

    Two US Navy vessels sail through Taiwan Strait: MND

    A USA official confirmed that the destroyers USS Mustin and USS Benfold were the two ships that transited through the waterway. China has boosted its own military presence in the region, sailing its own aircraft carrier through the strait in January.
    Father found dead after killing teen children

    Father found dead after killing teen children

    Police were not prepared to identify the person of interest but said the man was "a clear focus of the investigation". The 68-year-old's body was discovered by police four kilometres away in his Normanhurst home about 12 hours later.
    Livescore: Result of Russian Federation  vs Croatia

    Livescore: Result of Russian Federation vs Croatia

    Just moments later and the visitors had a corner and then a goal as defender Domagoj Vida headed home from the set piece. This is the first time two teams have had penalties in successive matches of the knockout stages of a World Cup, though.

Most liked

Fed on lookout for recession but still sees strong economy - minutes
The Federal Reserve's business contacts echoed the unease and expressed plans to scale down their investments. The projections have the funds rate rising to 3.4 percent by the end of 2020.

Novak Djokovic Beats Britain's Kyle Edmund at Wimbledon
The match was scheduled third on Centre Court on Saturday in an attempt to avoid a direct clash with England's World Cup quarter-final against Sweden.

European Parliament votes down copyright reform
Instead, though, publishers opted-in without receiving payment as their traffic would've suffered as a result. Who can the European Union learn from? Filters, he admits, are a "fact of life" and used by many operators.

North Korea Slams 'Gangster-Like' US Demands After Pompeo Visit
The talks are part of a broader USA initiative to persuade North Korea to give up its nuclear and ballistic missile programs. He said "We made progress on nearly all the central issues", State Department spokeswoman Heather Nauert noted on Twitter.

Brock Lesnar, cageside at UFC 226, challenges Daniel Cormier
Jones' win over him previous year was ruled a no-contest after Jones tested positive for performance-enhancing drugs. Cormier was victorious in the fight and became the new heavyweight champion in the first round of the fight.

UFC 226: Daniel Cormier wins UFC heavyweight title; calls out Brock Lesnar
After the bout, WWE superstar Brock Lesnar entered the Octagon and traded words with Cormier in a vulgar (and ridiculous) display. Botter reports that Lesnar has been in the USADA testing pool and is now hidden from public viewing in the database.

USA adds 213,000 jobs in June, unemployment rate jumps to 4%
A widespread availability of jobs and the prospect of higher wages at other employers made it harder to retain workers, she said. Some economists project economic output rose at better than 4% annual pace in the second quarter for the first time since 2014.

Boston Commuters Band Together to Free Woman Caught Between Train and Platform
If you're in need of some renewed faith in humanity, though, look no further than the fellow commuters who came to her aid. Per ABC News , dozens of people then helped push and rock the train until the woman could get her leg out.

Neymar, Brazil head home early once again with many questions
"It's hard to find strength to want to play soccer again, but I'm sure God will give me enough strength to face anything". Adding insult to (exaggerated) injury, Brazil was knocked out of the tournament in that game, losing 2-1 to Belgium .

Croatia beat Russia on penalties to reach semi-finals
Cheryshev collected the ball near the halfway line, exchanged passes with Artem Dzyuba and curled a 25-metre shot past Subasic. The teams then went back and forth in regulation, and neither could find the victor , sending the game into extra time.

Chinatown Market Trolls the NBA After LeBron Signs With Lakers
As interesting as the Lakers are going to be this season, we're going to have a closer look at the team he left instead. However, unlike the team that LeBron joined in Cleveland , there is now no Kyrie Irving on the Lakers.

UFC 226 preview: Heavyweight battle pits underdog Cormier against mighty Miocic
As bigger than Cormier as Miocic has looked this week, when they weighed-in on Friday morning the scales told a different story. WrestleZone encourages readers to keep the UFC 226 discussion going in the comment section below or via Sherdog's forums .

Starbucks Barista Fired for Insulting Customer With a Stutter
The company commented on Lekwijit's post on Wednesday and said the employee was no longer working at Starbucks . Tan Lekwijit posted Sunday on Facebook that his friend Sam stuttered when giving his name.

Toro Rosso's Brendon Hartley survives scary crash at Silverstone
Toro Rosso made a decision to keep Pierre Gasly in the garage to inspect his auto and to see what happened to Hartley's vehicle . The condition of Hartley and his auto will need to be checked over before qualifying begins at 2pm, live on Sky Sports F1.

Germany's Merkel says migration deal is no about-turn
The two sides were already at odds over Trump's increased tariffs on steel and aluminum imports from the E-U. In her opinion, the unit should sign agreements with African countries to ensure legal migration.