INSUBCONTINENT EXCLUSIVE:
Mark Zuckerberg gained $8.8 billion this year as Facebook shook off a data-privacy crisis
co-founder Mark Zuckerberg came within a whisker of leapfrogging Warren Buffett as the world's third-richest person Wednesday
Zuckerberg, more than a half-century younger than the Berkshire Hathaway Inc
chairman, is now worth $81.6 billion, gaining $8.8 billion this year as Facebook shook off a data-privacy crisis that caused its stock to
Its rebound from a low of $152.22 on March 27 to close at a record $202 narrowed the gap with Warren Buffett to $29 million, according to
the Bloomberg Billionaires Index.The recovery in Facebook shares has rewarded other insiders as well, including Chief Operating Officer
Sheryl Sandberg, who's now worth $1.8 billion, and Chief Technology Officer Michael Schroepfer, whose 0.05 percent holding is valued at $225
founder Jeff Bezos, the world's richest person with a $144.8 billion fortune, and Microsoft Corp
co-founder Bill Gates, with $92.8 billion
The Bloomberg index ranks the world's 500 richest people and is updated after the close of each trading day in New York.Warren Buffett, 87,
once the world's wealthiest person, is sliding in the ranking thanks to his charitable giving, which he kicked off in earnest in 2006
He's donated about 290 million Berkshire Hathaway Class B shares to charities, most of it to Gates's foundation.Those shares are now worth
more than $50 billion, according to data compiled by Bloomberg
Zuckerberg has pledged to give away 99 percent of his Facebook stock in his lifetime(This story has not been edited by TheIndianSubcontinent
staff and is auto-generated from a syndicated feed.)
