Mark Zuckerberg becomes world’s third richest person

Facebook co-founder and CEO Mark Zuckerberg has overtaken Warren Buffet to become the third richest person in the world, according Bloomberg Billionaires Index.

Zuckerberg, 34, is now worth an astonishing $81.6 billion and follows Amazon.com founder Jeff Bezos and Microsoft co-founder Bill Gates, who are no. 1 and 2 respectively.

Zuckerberg moved up the ladder after Facebook shares climbed 2.4 percent Friday. Company stock prices are up this year about 15 percent, even though they hit an eight-month low in late March after a barrage of complaints over controversial data sharing by the social media giant.

It is the first time in the history of the Bloomberg index that tech moguls have grabbed the top three slots. Technology assets make up about 20 percent of the more than $5 trillion in wealth tracked by the index, which is more than any other business. Six of the 10 richest people earned their wealth in technology.

Investor and Berkshire Hathaway CEO Buffett, who used to be the richest person alive is now No. 4; he has been slipping because of his massive charitable contributions.

Zuckerberg and his wife, Priscilla Chan, have pledged to give away 99 percent of their Facebook stock over their lifetimes.

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