Zuckerberg jumps ahead of Buffett to become third-richest person alive

Source: Washington Examiner | July 7, 2018 | Jesse Byrnes

Facebook co-founder Mark Zuckerberg has surpassed Warren Buffett to become the third-richest person in the world, according to an index of billionaires updated Friday.

Zuckerberg, $81.6 billion, jumped ahead of Buffett, $81.2 billion, on Friday as Facebook shares rose by 2.4 percent, according to the Bloomberg Billionaires Index.

It is the first time that the three wealthiest people on the list have come from the technology sector, with Amazon CEO Jeff Bezos and Microsoft co-founder Bill Gates topping the list at $142 billion and $94.2 billion, respectively.

While Facebook stock hit an eight-month low of $152.22 in late March after massive scrutiny over the company’s handling of user data, its shares closed Friday at $203.23, a record.

Buffett has slid in the rankings due to his charitable giving that he kicked off in 2006, while Zuckerberg has promised to donate 99 percent of his Facebook shares for charity in his lifetime.

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