ADVERTISEMENT

Buffett adds $37 m a day in his fortune

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

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

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.

ADVERTISEMENT

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.

ADVERTISEMENT

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.

This is a Premium article available exclusively to our subscribers. To read 250+ such premium articles every month
You have exhausted your free article limit.
Please support quality journalism.
You have exhausted your free article limit.
Please support quality journalism.
The Hindu operates by its editorial values to provide you quality journalism.
This is your last free article.

ADVERTISEMENT

ADVERTISEMENT