Zuckerberg is world's third-richest

Mark Zuckerberg Becomes World's Third Richest Person as Facebook Stock Soars

Mark Zuckerberg Becomes World's Third Richest Person as Facebook Stock Soars

Zuckerberg's net worth increased to $81.6 billion on Friday, Bloomberg reported, after Facebook shares went up 2.4%.

Zuckerberg, 34, is now worth roughly $81.6bn (£61.4 bn) after shares in Facebook climbed 2.4 per cent yesterday, making him roughly $370m richer than the 87-year-old business magnate and chairman of Berkshire Hathaway.

Zuckerberg is now worth $81.6 billion, almost $400 million more than Buffett, chairman of the Berkshire Hathaway investment group, rankings show. Zuckerberg had to face Congress and take full-page newspaper ads to apologize for the data privacy scandal as the #DeleteFacebook movement emerged.

Facebook appears to have made it through its worst storm to date, though.

It is the first time that the three wealthiest people on the list have come from the technology sector, with Amazon CEO Jeff Bezos and Microsoft co-founder Bill Gates topping the list at $142 billion and $94.2 billion, respectively.

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According to the Bloomberg index around 20 per cent of the wealth which belongs to the world's 500 richest people, equivalent to $5 trillion, is made through technology.

Buffet himself has also bet on tech. Apple is now one of Berkshire's largest holdings.

Buffett, once the world's wealthiest person, is sliding in the ranking thanks to his charitable giving, which he kicked off in earnest in 2006.

The two highest Chinese billionaires on the list are Jack Ma, founder of the Nasdaq-listed Alibaba e-commerce platform (No 14 with a net worth of $US44.3b, down $US1.16b for the year) and Pony Ma, head of gaming outfit Tencent (No 19 with a wealth of $US39b, down $US2.01b for the year).

Zuckerberg has pledged to give away 99 percent of his Facebook stock away in his lifetime, his Bloomberg profile shows.

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