Mark Zuckerberg, CEO of Facebook, is now the third richest man in the world, overtaking Warren Buffett on Bloomberg’s list of the world’s richest people.
Zuckerberg climbed above Buffett on Friday as Facebook shares rose 2.4 percent.
Above Zuckerberg are Amazon CEO Jeff Bezos, in the number one spot, and Microsoft co-founder Bill Gates.
The daily rankings of the world’s 500 richest people listed in the Bloomberg Billionaires Index showed the top three remained the same Saturday.
Zuckerberg is now worth $81.6 billion, nearly $400 million more than Buffett, chairman of the Berkshire Hathaway investment group, rankings show.
Zuckerberg’s California-based social network business has more than 2 billion active monthly users.
The company’s stock has reached a record high despite ongoing scrutiny over its Cambridge Analytica data breach that leaked personal information of up to 87 million people, according to reports.
Zuckerberg has pledged to give away 99 percent of his Facebook stock away in his lifetime.
He has given $3.58 billion in stock sales away this year alone to a charity initiative he set up with his wife, Priscilla Chan, in 2015.
Buffett has donated about 290 million of his shares in Berkshire Hathaway to charities — an equivalent of about $50 billion.
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