Buffett adds $37 m a day in his fortune

This makes him the billionaire who made the most money this year.

December 18, 2013 06:48 pm | Updated 10:12 pm IST - NEW YORK:

Warren Buffet. File photo

Warren Buffet. File photo

American business magnate Warren Buffett made a fortunes of about $ 37 million per day in 2013, according to Wealth-X, making him the billionaire who made the most money this year.

With a gain of $ 12.7 billion in 2013, Buffett’s net worth at the end of the year stands at USD 59.1 billion. The notable philanthropist had a fortune of $ 46.4 billion at the beginning of the year.

However, Buffett is not the wealthiest billionaire on the top 10 list prepared by Wealth—X.

Microsoft Chairman Bill Gates added $ 11.5 billion to his personal fortune in 2013, ending the year with assets totalling $ 72.6 billion. Gates is also the richest person on the list.

According to the report, the top 10 individuals collectively gained $ 101.8 billion in 2013, an average gain of $ 10.2 billion each. The combined wealth of these individuals stand at $ 347 billion in December this year, up from $ 245 billion in January 2013.

Besides, on an average, they made $ 29 million per day in 2013 and increased their wealth by 41.6 per cent, outperforming the 24 per cent returns seen in the S&P 500 this year.

Gates is followed by casino mogul Sheldon Adelson at the third spot, who raked in $ 11.4 billion in 2013 from his various properties in Las Vegas, Macau and Singapore. His personal net worth is estimated to be more than $ 35 billion in December from $ 23.9 billion in January.

Amazon founder and CEO Jeff Bezos became richer by $ 11.3 billion to take his total fortune to $ 34.4 billion.

Besides, Facebook founder Mark Zuckerberg gained $ 10.5 billion taking his wealth to $ 24.7 billion.

The report said that Masayoshi Son, head of SoftBank Corp, added $ 10.3 billion to his fortune.

Google’s founders Larry Page and Sergey Brin have added $ 9.3 billion each to their personal wealth. Brin’s net worth stood at $ 30 billion, while that of Page was at $ 29.9 billion.

Hong Kong’s business tycoon Lui Chee Woo made a fortune of $ 8.3 billion in 2013, while private equity investor Carl Icahn gained $ 7.3 billion in the year.

As per the report, the valuations are for the period between January 1 to December 11, 2013.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.