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

Zuckerberg jumps ahead of Buffett to become third-richest person alive
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Facebook co-founder Mark ZuckerbergMark Elliot ZuckerbergFight looms over national privacy law Facebook teaming with nonprofits to fight fake election news China may be copying Facebook to build an intelligence weapon MORE has surpassed Warren Buffett to become the third-richest person in the world, according to an index of billionaires updated Friday.

Zuckerberg, with $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.

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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, which he kicked off in 2006, while Zuckerberg has promised to donate 99 percent of his Facebook shares to charity in his lifetime.

Zuckerberg appeared on Capitol Hill in April for back-to-back testimonies where he was grilled by lawmakers over Facebook's handling of user data after a data analytics firm harvested tens of millions of user accounts for political purposes without their permission.