Mark Zuckerberg Might Replace Warren Buffett As The Third Richest Man In The World

In spite of a year full of troubles, Facebook CEO and co-founder, Mark Zuckerberg, is soon to take over Warren Buffett’s spot as the third-richest person in the world. 

Facebook stocks rose 2.3 percent after Instagram announced a new television feature on Wednesday, putting another $1.7 billion in Zuckerberg’s pocket. 

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Buffett, who used to be the world’s richest person, is now worth $81.6 billion. He has given a considerate amount of his fortune to charity over the last 12 years. Zuckerberg is currently only $725 million behind, not even half the amount of money he made yesterday.

Analysts are of the opinion that the Facebook Messenger has a potential monetization power to generate an extra $6 billion by 2020, which would put Zuckerberg far ahead of Buffett.

34-year-old Zuckerberg is the youngest person in the world’s richest top ten. Instagram’s new feature made Zuckerberg the title-holder for earning the most money in one day. Following Buffett’s charitable suit, Zuckerberg pledges to donate 99 percent of Facebook stocks over the course of his lifetime.

Amazon CEO, Jeff Bezos retains his position as world’s richest man on Forbes’ Billionaires list. The e-commerce giant has managed to reach the top position as the world’s most valuable brand and take the crown away from Google. In fact, Google dropped to the third place below Apple. Brand Finance notes that Amazon recorded almost 42% year-on-year increase in its brand value, crunching the numbers to a whopping $150.8 billion. 

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