Mark Zuckerberg Makes The List: Third Richest Man In The World.

Mark Zuckerberg Makes The List Third Richest Man In The World.

Mark Zuckerberg's worth is now $81.6 billion, $373 millions above the fourth richest person in the world, Warren Buffett. Facebook CEO is only behind Bill Gates and Jeff Bezos. The CEO and co-founder of Facebook Mark Zuckerberg officially  becomes the third richest person in the world, according to the Bloomberg Billionaires Index.

Zuckerberg is worth $373 million more than fourth richest person in the world, famous American business magnate, investor, and philanthropist Warren Buffett, who is said to be worth $81.2 billion compared to Mark Zuckerberg $81.6 billion. Mark Zuckerberg only tails Bill Gates of Microsoft and Jeff Bezos the founder of Amazon. This is the first time in history where three of the world's richest people are from the technology industry going to show that technology is now the most vibrant creator of wealth.

Bloomberg reports say Mark Zuckerberg’s rise on the Billionaires Index was increased by investors faith in the company despite data privacy scandals that had hit Facebook. As at March 27, Facebook stock hit an all-time low of $152.22 following a data privacy crisis. This Friday, however, saw the stock rise to close at a record $203.23, thereby  solidifying rapid recovery In face books first-quarter earnings report, as previously noted, the company claimed its revenue jumped 49 percent. Although it's  stock had dropped 14 percent after the Cambridge Analytic crisis, but since then The stocks had risen 6.3 percent with the release of the quarterly report, and had been on the increase since.

An analyst at RBC Capital Markets Mark Mahaney, at the times “actions that lead to revenues speak louder than words.” and this has proved to be true. just last week for instance, Lawmakers in the UK accused the company of being evasive in its answers to a British parliamentary committee. Damian Collins the head of Britain's digital and media committee said “Facebook continue to display a pattern of evasive behavior – a pattern which has emerged over the course of our inquiry,”. When reports claimed that Mark Zuckerberg said, there hasn’t been “any meaningful impact” in user behavior or the buying pattern of advertisers, he expressed regret for betraying the trust of Facebook users, but Facebook clearly did not betray its shareholders trust.

After the recent announcement by the European Union of what it considered the biggest breach of internet privacy rights in history, the GDPR, Zuckerberg said that the rules might affect the growth of hid social media in Europe but apart from that he didn't seem to be worried. The climb of Facebook CEO’s on the Bloomberg Billionaires Index clearly shows that he is on the right track. Warren Buffett, Amancio Ortega, Bernard Arnault, and Carlos Slim — occupying fourth, fifth, sixth, and seventh of the world’s richest businessmen have some catching up to do.

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