Mark Zuckerberg Soon to Replace Warren Buffett as World's Third-Richest Person

Facebook co-founder gains $1.7 billion after Instagram television announcement.
Mark Zuckerberg Soon to Replace Warren Buffett as World's Third-Richest Person
Image credit: Chesnot | Getty Images

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Founder of Mada
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Despite a shaky year, Facebook CEO and co-founder, Mark Zuckerberg, is soon to snag 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.

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 predict Facebook Messenger’s potential monetization to generate an extra $6 billion by 2020, which would put Zuckerberg far ahead of Buffett.

Only 34, 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.

More from Entrepreneur
Our Franchise Advisors are here to help you throughout the entire process of building your franchise organization!
  1. Schedule a FREE one-on-one session with a Franchise Advisor
  2. Choose one of our programs that matches your needs, budget, and timeline
  3. Launch your new franchise organization
Use code MARKET2021 through 4/24/21 to save on 12 marketing books for entrepreneurs that are recommended by entrepreneurs:
  • Digital Marketing Handbook
  • No B.S. Guide to Direct Response Social Media Marketing
  • Ultimate Guide to Youtube for Business
  • And more
Try a risk-free trial of Entrepreneur’s BIZ PLANNING PLUS powered by LivePlan for 60 days:
  • Get step-by-step guidance for writing your plan
  • Gain inspiration from 500+ sample plans
  • Utilize business and legal templates
  • And much more

Latest on Entrepreneur