Facebook Founder Youngest Billionaire on the Planet

03/05/2008 at 06:35 PM EST

Facebook Founder Youngest Billionaire on the Planet
Facebook founder Mark Zuckerberg
Kimberly White/REUTERS/Landov
Investor Warren Buffett and Microsoft founder Bill Gates still lead the pack when it comes to being well-heeled, but in terms of new riches, Facebook founder Mark Zuckerberg is a force to be reckoned with.

Worth $1.5 billion, the 23-year-old debuts on this year's Forbes magazine's list of the World's Billionaires – where he is ranked 785th.

First- and third-ranked Buffett and Gates (who held the top spot for the previous 13 years running) have fortunes valued at $62 billion and $58 billion, respectively. No. 2 on the list, Mexican telecom tycoon Carlos Slim Helu, has $60 billion, says Forbes.

According to the publication, Zuckerberg is the youngest self-made man ever to make its list.

For the record, this year's World's Richest Woman, with $22.9 billion and a 17 ranking on the list, is France's Liliane Bettencourt, 85. Her father was the founder of L'Oréal.

For the entire low-down on who's riding high this year, click here.

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