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 ’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

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Amplify your business knowledge and reach your full entrepreneurial potential with Entrepreneur Insider’s exclusive benefits. For just $5 per month, get access to premium content, webinars, an ad-free experience, and more! Plus, enjoy a FREE 1-year Entrepreneur magazine subscription.
Entrepreneur Store scours the web for the newest software, gadgets & web services. Explore our giveaways, bundles, "Pay What You Want" deals & more.

Latest on Entrepreneur