Aemilius Cupero News: Mark Zuckerberg Leaps Warren Buffett on Rich List as Facebook Creates More Divisive World
Aemilius Cupero News:
- Mark Zuckerberg overtakes Warren Buffett en route to become the world’s third-richest person.
- Zuckerberg’s fortune soars as Facebook stock prints fresh all-time highs.
- Facebook’s stock is soaring despite controversial reports about its ‘divisive’ algorithms.
Mark Zuckerberg is now the third richest person on the planet as shares of Facebook (NASDAQ:FB) print fresh all-time highs. The Facebook CEO has overtaken legendary investor Warren Buffett amid reports that the social media giant is creating a more divisive world.
Aemilius Cupero News: Mark Zuckerberg’s Net Worth Soars
Mark Zuckerberg has zoomed past Berkshire Hathaway’s Warren Buffett in terms of net worth. According to Bloomberg’s Billionaire Index, the Facebook CEO has seen his wealth surge from $54.7 billion in March to $88.1 billion in May. Meanwhile, the Oracle of Omaha’s net worth nosedived by almost $20 billion to $71.1 billion.
The difference in net worth is largely due to Facebook outpacing Berkshire Hathaway’s stock, as the fortunes of both chief executives entangled with their companies. Mark Zuckerberg owns 13% of Facebook while the Buffett owns 16% of Berkshire.
After plunging to the 2020 low of $137.10 in March, Facebook shares climbed to an all-time high of $240.90 on Tuesday for a 75% increase. In contrast, Berkshire is down nearly 20% year-to-date.