third richest person... "officially"<p>there are so many much more richer persons/families not taken into consideration by forbes. russians, chinese, indians, non americans. People that have money spread across borders..<p>there is no such thing as the officially "Worlds third richest person"... some are "unkown (by forbes)" trillionaires that are not accounted because there are no official records
How much would The Zuck's pile be if he actually tried to cash it out? I think if Zuckerberg and Buffett cashed out of their holdings over six months the drop in FB stock would result in the very diversified Buffet having one or two orders of magnitude more money at the end of it.<p>On-paper wealth isn't real. If you can't roll around on it or stand it front of it with an assault rifle to defend it, then it's not real.
I'm sorry, but why aren't there more people outraged and disgusted that so few people hold so much wealth? It seems like people not only think it's not a problem, but we gleefully track stats like this. I've seen people argue about who "deserves" to hold the richest person title. People pick sides like it's sports. Seriously, what am I missing here?
As an individual looking to make long term investments, I'd still much rather own stock in Berkshire Hathaway because its holdings are much more diverse than just Facebook stock. FB is not as safe a long term bet for the average person.
Berkshire is sitting on over $100 billion in cash. Buffett will hopefully double his money in the next 5-7 years.<p>He’s giving away 99% of all his money. Bill Gates will be using it to make the world a better place.
I hate this guy. Even the way him and his wife are making donations is aweful. Naming an hospital with their names while they are still alive? Pathetic and not cool at all.
Mark Zuckerberg : Facebook :: Elizabeth Holmes : Theranos<p>Holmes's biggest mistake was making hardware, so the fraud was more obvious. Until the media actually digs deep into the fake/fraudulent account problem on Facebook, the stock will continue to go up.