Zuckerberg overtakes Buffett as third-richest person after share price rise


Zuckerberg is still behind Amazon CEO Jeff Bezos and Microsoft cofounder Bill Gates.

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.

The shift is fresh evidence of the growing fortune of those in the tech industry, with the three wealthiest individuals on earth making their money from technology.

Amazon founder Jeff Bezos remains at the top of the heap by a large margin - though helped by the fact Microsoft co-founder Bill Gates has given away $US35b of his fortune and counting.

Zuckerberg is now worth $81.6 billion, about $373 million more than 87-year-old Buffett.

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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. Technology assets make up about 20 percent of the more than $5 trillion in wealth tracked by the index, which is more than any other business.

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

The social network's stock dipped earlier this year after it was revealed a researcher contracted by Cambridge Analytica had harvested data from not just people who took a pop quiz, but their friends and friends of friends.

The British firm had initially denied any knowledge of Kogan violating Facebook's terms and said that it had deleted the data once it found out about user breach.