Facebook’s co-founder and CEO, Mark Elliot Zuckerberg is now richer than Berkshire’s Warren Buffett. For the first time ever, the world’s 3 richest made their money in tech .
According to Money Magazine, Zuckerberg, trails Amazon.com founder Jeff Bezos and Microsoft Corp. co-founder Bill Gates and eclipsed Buffett on Friday as Facebook shares climbed 2.4 percent, according to the Bloomberg Billionaires Index.
Since 1994, Bill Gates has donated more than 700 million shares of Microsoft to the Bill and Melinda Gates Foundation. If he’d simply held on to those shares instead, he’d today be some $71 billion richer, and his net worth would be $165 billion, making him comfortably the world’s richest man.
Much the same can be said about Warren Buffett, who has given away some 290 million Berkshire Hathaway B-shares since 2006, many of them to the Gates Foundation. Today, those shares are worth about $54 billion. Add that to his current net worth of $81.2 billion, and it turns out that Buffett would be worth roughly $135 billion today, were it not for his charitable donations. That’s way more than Zuckerberg, and getting very close to Bezos.
well, congratulations are in order for Zuck! Looks like Facebook is picking up from the intrusions it faced earlier this year.