Friday, May 22, 2020

Zuckerberg is now the 3rd-richest person in the world after his fortune grew $30 billion since the coronavirus crisis began


https://www.businessinsider.com/mark-zuckerberg-billionaire-third-richest-since-coronavirus-net-worth-2020-5

Paige Leskin
May 22, 2020

Despite the economic fallout from the pandemic, Facebook CEO Mark Zuckerberg has added more than $30 billion to his wealth in just two months.

The surge in Zuckerberg's net worth has earned him the title of third-richest person, according to the Bloomberg Billionaires Index ranking updated on May 21. Zuckerberg is now worth an estimated $87.8 billion, rising above billionaires like Berkshire Hathaway CEO Warren Buffett and the fashion mogul Bernard Arnault.

When Silicon Valley and the Bay Area were first told to shelter in place in mid-March, Zuckerberg was worth a paltry $57.5 billion and placed fifth on the list, according to Bloomberg's estimates. California remains under lockdown in an effort to contain the coronavirus outbreak, but Facebook's CEO has nonetheless added billions to his riches.

The surge in Zuckerberg's ranking is likely because of his company's growth during a time when nearly 40 million US workers have been laid off. Facebook reported better-than-expected first-quarter earnings on April 29.

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Zuckerberg is third on the list of the richest people behind Amazon CEO Jeff Bezos and Microsoft cofounder Bill Gates.

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