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Mark Zuckerberg Pips Buffet To Become Third Wealthiest Man Globally


Further marking the significance of technology space in wealth creation, Facebook Inc. co-founder in yet another feather in his cap has pipped Warren Buffet to become the third richest person globally.

Mark Zuckerberg Pips Buffet To Become Third-Wealthiest Man Globally

As per the Bloomberg Billionaires Index as the Facebook shares climbed by 2.4%, the Facebook founder hit this accolade who trails only Amazon's Jeff Bezos and Microsoft Bill Gates.

This is the first time that all the three-wealthiest man on the planet are from the technology space. And now Zuckerberg enjoys a total wealth of $81.6 billion which is appx. $373 million more than Buffett.

The stock of Facebook was recently hit due to data-privacy crisis which made its shares to plunge to eight-month low of $152.22 on March 27. But nonetheless, the continuous embrace by consumers across the globe has made the stock settled at a record high of $ 203.23 in Friday's close.

The Bloomberg Billionaires Index which typically tracks 500 globally rich individuals is updated after the close of each trading day in New York.

Story first published: Saturday, July 7, 2018, 11:13 [IST]
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