Business News
Facebook boss Zuckerberg now world’s third richest
Facebook Chief Executive Officer, CEO, Mark Zuckerberg is now the third richest man in the world.
Zuckerberg overtook Warren Buffett on Bloomberg’s list of the world’s richest people.
He took over from Buffett Friday as Facebook shares rose with 2.4 percent, Bloomberg reported.Amazon CEO, Jeff Bezos is now on number 1 spot, and Microsoft co-founder, Bill Gates takes No. 2 spot.
The daily rankings of the world’s 500 richest people listed in the Bloomberg Billionaires Index showed that 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, rankings show. Zuckerberg’s California-based social network business has more than 2 billion active monthly users.
He 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.
On his part, Buffett has donated about 290 million of his shares in Berkshire Hathaway to charities — an equivalent of about $50 billion.
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