Warren Buffett overtakes Mark Zuckerberg as tech fortunes slide

Buffett’s net worth has risen US$2.4bil (RM10.05bil) this year to US$111.3bil (RM466.23bil). He now tops Zuckerberg by US$1bil (RM4.18bil), and is at his highest ranking on the Bloomberg index since last March. — AP

Warren Buffett is once again richer than Mark Zuckerberg, a reminder of the enduring power of his value-investing approach.

It’s also the result of this week’s precipitous decline in tech stocks, which has wiped about US$50bil (RM209.45bil) in wealth from Silicon Valley’s richest people.