Facebook CEO Mark Zuckerberg overtakes Warren Buffett as world's third richest person

Mark Zuckerberg tops Warren Buffett to become world’s third-richest person

Facebook co-founder Mark ZuckerbergMark Elliot ZuckerbergFacebook claims it is "publisher" in court case New agencies join Facebook-Cambridge Analytica investigation, expand scope: report Facebook reveals data-sharing partnerships, ties to Chinese firms in 700-page document dump MORE has surpassed Warren Buffett to become the third-richest person in the world, according to an index of billionaires updated Friday.

Zuckerberg becoming the 3rd richest in the world right now means that, for the first time, the 3 richest people alive are all tech titans.

Zuckerberg's net worth passed Buffett's on Friday after Facebook shares went up 2.4%.

Zuckerberg is now worth $81.6 billion, almost $400 million more than Buffett, chairman of the Berkshire Hathaway investment group, rankings show. The record stock price comes after a bumpy year for the social network, in which scandals surrounding political elections worldwide-including 2016's USA presidential election-left many doubting the clout of one of tech's largest giants.

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Amazon's Jeff Bezos, worth about $141 billion, is first, followed by Microsoft (MSFT) founder Bill Gates, according to the Bloomberg index.

Technology fortunes make up about a fifth of the more than $5 trillion (about Rs. 344 lakh crores) in wealth tracked by the Bloomberg index, more than any other sector.

FBN's Kristina Partsinevelos on the impact on Facebook's stock from the social media company's data scandal. The top spot was once held by Buffett, but he has since slid down the rankings after major donations to charities such as the Gates' foundation. Zuckerberg and his wife, Priscilla Chan, have pledged to give away 99 percent of their Facebook stock over their lifetimes.


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