Mark Zuckerberg is richer than Warren Buffett; becomes world’s third-richest person
Facebook Inc. co-founder Mark Zuckerberg has overtaken Warren Buffett as the world’s third-richest person, further solidifying technology as the most robust creator of wealth.
Zuckerberg, who trails only Amazon.com Inc. founder Jeff Bezos and Microsoft Corp. co-founder Bill Gates, eclipsed Buffett Friday as Facebook shares climbed 2.4 percent, according to the Bloomberg Billionaires Index.
It’s the first time that the three wealthiest people on the ranking made their fortunes from technology. Zuckerberg, 34, is now worth $81.6 billion, about $373 million more than Buffett, the 87-year-old chairman and chief executive officer of Berkshire Hathaway Inc.
Zuckerberg’s ascent has been driven by investors’ continued embrace of Facebook, the social-network giant that shook off the fallout from a data-privacy crisis that hammered its shares, sending them to an eight-month low of $152.22 on March 27. The stock closed Friday at a record $203.23.
Technology fortunes make up about a fifth of the more than $5 trillion in wealth tracked by the Bloomberg index, more than any other sector. The ranking, which tracks the world’s 500 richest people, is updated after the close of each trading day in New York.
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. 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.
courtesy : bloomberg
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BJP names 9 candidates for RS polls, party chief Nitin Nabin to contest from Bihar
New Delhi (PTI): BJP national president Nitin Nabin was on Tuesday nominated as the party's candidate from Bihar for the upcoming Rajya Sabha polls.
The ruling Bharatiya Janata Party (BJP) has released a list of nine candidates for the Rajya Sabha polls, fielding its former West Bengal unit chief Rahul Sinha and Chhattisgarh unit vice-president Laxmi Verma from the respective states.
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Assam PWD Minister Jogen Mohan and MLA Terash Gowalla will be the saffron party's candidates for the elections to the Upper House of Parliament from the state.
The BJP has also nominated its Odisha unit president, Manmoham Samal, and leader Sujit Kumar, an incumbent Rajya Sabha MP, as candidates from the state for the upcoming polls.
BJP leader Shivesh Kumar will join the fray from Bihar and Sanjay Bhatia, a former Lok Sabha MP of the party, will be its candidate from Haryana. Kumar is Bihar BJP's general secretary.
The names of the candidates have been approved by the party's central election committee, BJP national general secretary Arun Singh said.
