Zuckerberg overtakes Buffett and Arnault on billionaire list

Zuckerberg has seen his wealth rise significantly over the last year (istock/COM & O)

Facebook’s co-founder and CEO Mark Zuckerberg is now richer than Warren Buffett and Bernard Arnault.

That’s according to Bloomberg’s Billionaire Index, which estimates that the 36-year-old has a net worth of AED 322.5 billion.

Berkshire Hathaway chairman, Buffett, is said to be worth AED 253 billion, while the net worth of Arnault, chairman and CEO of LVMH Moet Hennessy - Louis Vuitton, stands at AED 298 billion.

It marks a significant increase for Zuckerberg compared to one year ago, when he was estimated to have a net worth of AED 266 billion, while Buffett and Arnualt have both seen their wealth drop, from AED 306 billion and AED 329 billion respectively.

Amazon CEO Jeff Bezos continues to top the list, followed by Microsoft co-founder and philanthropist Bill Gates.

More from Business News

News

  • Several dead and injured in Fujairah road collision

    Fujairah authorities have responded to a serious traffic accident on Sheikh Khalifa bin Zayed Street involving a collision between a truck and multiple vehicles early on Thursday, with several reported dead and injured.

  • Ras Al Khaimah Ruler attends COP31 Leaders’ Summit

    His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, led a high-level Emirati delegation at the opening of the COP31 Leaders' Summit in Antalya, Turkey.

  • H.H. Sheikh Hamdan honours winners of inaugural Dubai-it Award

    His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, has honoured 13 winners of the inaugural 'Dubai-it Award', which celebrates exceptional achievements by individuals, projects, institutions and companies across various sectors.