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Mark Zuckerberg is the world’s third-richest person, replaces Warren Buffett

Mark Zuckerberg is the world’s third-richest person, replaces Warren Buffett

Mark Zuckerberg is the world’s third-richest person, replaces Warren Buffett

Mark Zuckerberg is the world’s third-richest person, replaces Warren BuffettFacebook Inc. co-founder Mark Zuckerberg has overtaken Warren Buffett as the world’s third-richest person.

The Facebook CEO Mark Zuckerberg bounced forward on Friday with a net worth of $81.6 billion, according to estimations by Bloomberg.

That placed him about $373 million in front of Buffett, the legendary investor, and Berkshire Hathaway (BRKA) CEO.

the surprising part is that this is the first time that the three wealthiest people on the ranking earned their ownership from technology.

Mark Zuckerberg whos age is 34, is now worth $81.6 billion, about $373 million extra than Buffett the 87-year-old chairman and chief executive officer of Berkshire Hathaway Inc.

Mark Zuckerberg Overtakes Buffett as World’s Third-Richest Person

Zuckerberg Overtakes Buffett as World's Third-Richest Person

Mark Zuckerberg maintained the No. 3 spot on the Bloomberg Billionaires Index because Facebook (FB) shares lifted 2.4%. The stock has spiked about 15% this year.

Tech stocks have been a shining spot in a sometimes unpredictable market this year.

Netflix has more than doubled, Amazon has grown by 46%, Apple is skyward about 11%, and Google has attained 9%.

Technology fortunes make up about a fifth of the more than $5 trillion in wealth traced by the Bloomberg index, higher than any other sector.

The ranking, which traces the world’s 500 richest people, is refreshed and updated after the close of each trading day in New York.

Buffett, once donated about 290 million Berkshire Hathaway Class B shares to charities, most of it to Gates’s foundation.

Those shares are now worth more than $50 billion, according to data collected by Bloomberg.

Mark Zuckerberg and his wife, Priscilla Chan, have promised to give away 99 percent of their Facebook stock over their lifetimes.

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