"Mark Zuckerberg Tops Warren Buffett to Become the World’s Third-Richest Person" (FB; BRK)
From Bloomberg, July 6:
Facebook Inc. co-founder Mark Zuckerberg has overtaken Warren Buffett as the world’s 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 Index.
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 $5 trillion in wealth
tracked by the Bloomberg index, more than any other sector. The ranking,
which tracks the world’s 500 richest people, is updated after the close
of each trading day in New York....MORE