{"id":45347,"date":"2018-07-08T15:44:23","date_gmt":"2018-07-08T15:44:23","guid":{"rendered":"http:\/\/en.bornomalanews.com\/?p=45347"},"modified":"2018-07-08T15:44:23","modified_gmt":"2018-07-08T15:44:23","slug":"mark-zuckerberg-becomes-worlds-third-richest-person","status":"publish","type":"post","link":"https:\/\/en.bornomalanews.com\/?p=45347","title":{"rendered":"Mark Zuckerberg becomes world\u2019s third-richest person"},"content":{"rendered":"
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\"\"International desk: Facebook Inc. co-founder Mark Zuckerberg has overtaken Warren Buffett as the world\u2019s third-richest person, further solidifying technology as the most robust creator of wealth.<\/p>\n

Zuckerberg, who trails only Amazon.com Inc. founder Jeff Bezos and Microsoft Corp. co-founder Bill Gates, eclipsed Buffett Friday as Facebook shares climbed 2.4 percent, according to the Bloomberg Billionaires Index.<\/p>\n

It\u2019s 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.<\/p>\n

Zuckerberg\u2019s ascent has been driven by investors\u2019 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.<\/p>\n

Technology fortunes make up about a fifth of the more than $5 trillion in wealth tracked by the Bloomberg index, more than any other sector. The ranking, which tracks the world\u2019s 500 richest people, is updated after the close of each trading day in New York.<\/p>\n

Buffett, once the world\u2019s wealthiest person, is sliding in the ranking thanks to his charitable giving, which he kicked off in earnest in 2006. He\u2019s donated about 290 million Berkshire Hathaway Class B shares to charities, most of it to Gates\u2019s foundation. Those shares are now worth more than $50 billion, according to data compiled by Bloomberg. Zuckerberg has pledged to give away 99 percent of his Facebook stock in his lifetime.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

International desk: Facebook Inc. co-founder Mark Zuckerberg has overtaken Warren Buffett as the world\u2019s third-richest person, further solidifying technology as the most robust creator of wealth. Zuckerberg, who trails only Amazon.com Inc. founder Jeff Bezos and Microsoft Corp. co-founder Bill Gates, eclipsed Buffett Friday as Facebook shares climbed 2.4 percent, according to the Bloomberg Billionaires […]<\/p>\n","protected":false},"author":7,"featured_media":45348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,14],"tags":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n