Warren Buffett managed to overtake Jeff Bezos on the rich list in 2022, and now threatens to displace Bill Gates as the second richest American after Elon Musk..
The famous investor, the owner of Berkshire Hathaway, has an estimated value of $ 108 billion as of last Thursday, according to the “Bloomberg” index, and his successor is Jeff Bezos, founder and chairman of Amazon, with a fortune of $ 107 billion..
Gates, co-founder of Microsoft and one of Buffett’s closest friends, has a net worth of $110 billion, which puts him within striking distance. Even Musk, the CEO of Tesla and Twitter, isn’t far ahead with a fortune of $138 billion.
Buffett trailed Musk by more than $170 billion, Bezos by more than $90 billion, and Gates by more than $30 billion at the start of 2022. He overtook Bezos and closed the gap due to the relative outperformance of Berkshire Hathaway stock, which accounts for about 99%, of his net worth..
Microsoft shares fell by about 30%, Amazon shares fell in half in 2022, while Tesla fell by about 65%. On the other hand, Berkshire’s share price increased by about 2%, which means that Buffett’s wealth would have increased if he had not donated about $ 5 billion of his shares in Berkshire this year, according to a report published by the website. “business insider” It was viewed by Al-Arabiya.net“.
In fact, it should be noted that since 2006, Buffett has given up about 52% of his Berkshire shares. If he retained his entire stake of approximately 475,000 shares, they would be worth $223 billion today, making him the richest person in the world in the long run..
Even with his declining fortune, Buffett ranks fifth on Bloomberg’s rich list. French luxury business magnate Bernard Arnault ranks first with a net worth of $165 billion, and Indian industrialist Gautam Adani ranks third with $121 billion.. (Arabic)