Zuckerberg Is About To Be Wealthier Than Warren Buffett
Despite the turmoil that Facebook has faced over this past year after the Cambridge Analytica scandal — Mark Zuckerberg’s net worth has grown tremendously and he is expected to replace Warren Buffet as the world’s third richest person, NBC reported.
Although Facebook’s stocks initially dropped 18% after its highly-publicized exploitation and mishandling of data, its stocks have recently soared due to Zuckerberg’s new long-form video initiative on Instagram, which is owned by Facebook, and after it announced that Instagram has surpassed over 1 billion monthly users.
Mark Zuckerberg is 34 years old, which makes him the youngest of the ten richest people in the world.
Despite being multiple decades younger than Warren Buffet, Zuckerberg’s net worth now amounts to $81.6 billion, which is equivalent to Buffet’s net worth according to Bloomberg’s Billionaires Index.
The narrow gap between their fortunes stems from both Facebook’s rising success and the massive funds that Buffet has personally donated to charity.
Tamar Skydell is an intern at the Forward.
A message from our CEO & publisher Rachel Fishman Feddersen
I hope you appreciated this article. Before you move on, I wanted to ask you to support the Forward’s award-winning journalism during our High Holiday Monthly Donor Drive.
If you’ve turned to the Forward in the past 12 months to better understand the world around you, we hope you will support us with a gift now. Your support has a direct impact, giving us the resources we need to report from Israel and around the U.S., across college campuses, and wherever there is news of importance to American Jews.
Make a monthly or one-time gift and support Jewish journalism throughout 5785. The first six months of your monthly gift will be matched for twice the investment in independent Jewish journalism.
— Rachel Fishman Feddersen, Publisher and CEO