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 ZuckerbergHillicon Valley: New York says goodbye to Amazon's HQ2 | AOC reacts: 'Anything is possible' | FTC pushes for record Facebook fine | Cyber threats to utilities on the rise Schiff calls out Facebook, Google over anti-vaccination information Senators demand answers from Facebook on paying teens for data 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.


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.