Published: Sat, July 07, 2018
Money | By Ralph Mccoy

Mark Zuckerberg tops Buffett to become world's third-richest man

Mark Zuckerberg tops Buffett to become world's third-richest man

According to the Bloomberg Billionaires Index, this improvement in stock price has pushed Facebook Co-founder, Mark Zuckerberg, ahead of CEO of Berkshire Hathaway, Warren Buffett, as the world's third-richest person alive.

Zuckerberg is still behind Amazon CEO Jeff Bezos and Microsoft cofounder Bill Gates. This is the first time that the top three wealthiest people in the world all made their fortunes in technology.

The ranking list is still being lead by a wide margin by CEO of Amazon, Jeff Bezos - approximately $48 billion worth more than Bill Gates, who is now ranked at second place.

Technology fortunes make up about a fifth of the more than $5 trillion (about Rs. 344 lakh crores) in wealth tracked by the Bloomberg index, more than any other sector.

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The findings "support a beneficial role for chronic nut consumption in sperm quality", the researchers said . Infertility affects around 11 per cent of women and nine per cent of men of a reproductive age in the US.

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China will also start collecting a 25 percent levy on $US34b of United States goods such as agricultural products and cars. Commodity prices continue to fall as the USA faces retaliatory tariffs from Mexico, Canada, China and the European Union.

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Efforts to revive him were unsuccessful, and he was later transferred to a hospital where he was pronounced dead on arrival. His body was taken to a naval base in central Thailand , and then on to his family in the northeastern part of the country.

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. The record stock price comes after a bumpy year for the social network, in which scandals surrounding political elections worldwide-including 2016's US presidential election-left many doubting the clout of one of tech's largest giants.

Facebook also came in for major heat in 2016 for the role it played providing a powerful platform for Russian posts and advertising aiming to influence the US election and undermine American democracy. Facebook allowed political strategy firm Cambridge Analytica - which helped Donald Trump's campaign - to harvest the private data of 87 million users.

Some 270,000 people downloaded the application and logged in with their Facebook credentials, according to Facebook.

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