Record high for Facebook stock pushes Zuckerberg past Buffett

A record high for Facebook Inc. stock has reportedly pushed Chief Executive Mark Zuckerberg’s wealth beyond that of famed investor Warren Buffett.

Facebook FB, +2.41% shares closed up 2.4% Friday at $203.23, notching a record close for the social-networking company. Facebook stock has been on a steady climb, hitting several records in June and July, despite pressure from lawmakers in the wake of the Cambridge Analytical data privacy scandal.

Amid the tech company’s stock gains, Zuckerberg has sold roughly $3.58 billion worth of shares this year. Despite those massive stock sales, as of Friday, due to Facebook stock’s record high, Zuckerberg is now the third richest person in the world, surpassing Warren Buffett, according to Bloomberg News.

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