@AfricaNews

Mark Zuckerberg now world’s third richest, surpasses Buffet | Africanews - 9 months ago, 9 July 12:29

Michael Ike Dibie

Facebook Inc. co-founded, Mark Zuckerberg has overtaken Warren Buffett as the world’s third richest person further solidifying technology as the most robust creator of wealth.

According to the Bloomberg Billionaires Index, Zuckerberg, who trails only Amazon.com Inc. founder Jeff Bezos and Microsoft Corp. co-founder Bill Gates, surpassed Buffett on Friday as Facebook shares climbed 2.4 percent.

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.

Technology fortunes make up about a fifth of the more than ...
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Category: africa africa_business business news topnews

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