News Desk |
Mark Zuckerberg has become the world’s third richest man. Zuckerberg’s net worth has reached to $81.6 billion that is $373 million more than Buffet’s.
The founder of Facebook, Mark Zuckerberg has become the world’s third richest man. He has surpassed the CEO of Berkshire Hathaway Warren Buffet in terms of wealth.
As per the Bloomberg Billionaire Index, the net worth of Zuckerberg has reached to $81.6 billion that is $373 million more than Buffet’s.
Facebook currently records 2 million users, while recording a steady increase in its subscriber year by year. The Bloomberg index has concluded the technology sector a robust wealth generator. Surprisingly, the top three richest men in the world are all tech giants. The list also contains 500 people who belong to the tech industry.
Even Buffet holds huge stakes in the tech organization, Apple. Buffet brought 75 million shares earlier this year in addition to 165 million shares it purchased.
Perhaps the huge difference in the wealth of Zuckerberg and Buffet is primarily because of the latter’s charitable lifestyle. The investor has donated about 290 million of Berkshire Hathaway Class B shares to charity mostly to the Bill and Melinda Gates Foundation. Buffet has donated $46 billion since 2000 that makes up a 71% of his fortune.
The charity funds given to Bill and Melinda Gates Foundation are used for the eradication of polio in South Asian countries. The organization has been extremely influential in the reduction of polio cases in Pakistan and Afghanistan as well.
On the other hand, Zuckerberg has donated $10 billion so far for humanitarian causes.
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On the other hand, worth of Facebook shares has continued to grow despite a data-leak in Cambridge Analytica scandal. After a downfall, the share price increased by 2.4%, it’s highest-ever price on Friday.
Facebook is a more popular social medium as compared to micro-blogging site Twitter and other social media application like Instagram and Snapchat. The medium is heavily used in Middle Eastern and South Asian countries.