Mark Zuckerberg, the 34-year-old co-founder of social media giant Facebook, is now the world's third-richest person, overtaking business magnate and Berkshire Hathaway CEO Warren Buffet in the ranking.
The daily rankings of the world's 500 richest people listed in the Bloomberg Billionaires Index showed the top 3 remained the same on Saturday.
Those shares are now worth more than $50 billion, according to data collected by Bloomberg. The founder of social network Facebook mark Zuckerberg is among the three richest people in the world.
As per a Fortune report, investors are loving Facebook and are happy at the news that Facebook has made its biggest sports streaming deal yet with the Premier League. Facebook stock has been on a steady climb, hitting several records in June and July, despite pressure from lawmakers in the wake of the Cambridge Analytical data privacy scandal.
The Facebook CEO jumped ahead on Friday with a net worth of $81.6 billion, according to calculations by Bloomberg.
Buffett is betting on tech, too. Zuckerberg also pledged to donate 99 percent of his Facebook stock. Apple is now one of Berkshire's largest holdings.
Buffett, once the world's wealthiest person, is sliding in the ranking thanks to his charitable giving, which he kicked off in earnest in 2006. Forbes recently estimated the USA president's wealth at $US3.1b, based on his inheritance from his father, real estate mogul Fred Trump, and his property holdings today (Mr Trump himself puts his wealth at above $US10b, without offering any breakdown).