Warren Buffett made $37M a day this year

Billionaire investor Warren Buffett saw
his net worth soar by an eye-popping
$37 million a day this year, according
to a survey out Wednesday.
The Berkshire Hathaway boss
benefitted from a bull market that saw
shares of his conglomerate jump by
more than 25 percent in 2013, boosting
his net worth by $12.7 billion to $59.1
billion, according to the survey by
Wealth-X. That works out to a $37
million-a-day bump in Buffett’s wealth
— or an eye-popping $1.5 million an
hour.
While Buffet had an outstanding year,
the jump in his net worth only got him
to second place on the list of the
world’s Top 10 richest people.
Microsoft founder and Buffett bridge
partner Bill Gates retained the title of
world’s wealthiest person with a total
net worth of $72.6 billion, up from
$61.1 billion last year.
Buffett was followed by casino magnet
Sheldon Adelson, who’s worth an
estimated $35.3 billion this year.
Silicon Valley took the next three slots
with Amazon.com’s Jeff Bezos’ $34.4
billion net worth ranking fourth,
followed by Google founders Sergey
Brin and Larry Page, who are now
worth $30 billion and $29.9 billion
respectively.
New York’s own billionaire investor
Carl Icahn, who has been agitating for
change in Apple this year, ranked 8th
with a net worth of $22.1 billion. His
net worth is up 7.2 billion compared to
2012, according to Wealth-X.
Collectively, the top 10 billionaires saw
gains of $101.8 billion in 2013, which
averages out to an eye-popping $10.2
billion each.
Their combined wealth totals a
whopping $347 billion, up from $245
billion last year. Portugal’s gross
domestic product was just $212 billion
last year.
New York City was ranked by Wealth-
X as the city with the greatest
population of ultra high-net worth
(UHNW) people, or those with at least
$30 million in assets.
In a data point that would make
outgoing Mayor Michael Bloomberg
proud, New York City’s UHNW
population grew this year by 5.6
percent to 8,025, up from 7,580 last
year, Wealth-X said.
But New York lost out to California
when it came to states with the highest
number of wealthy people.
Compared to the Empire State’s 8,945
UHNW individuals, sunny California
boasts a whopping 12,560 folks with at
least $30 million to their name, the
report said.
Americans dominated the Top 10 list,
but two foreigners made it in,
including Masayoshi Son, head of
Japan’s Softbank Mobile, which
recently bought Sprint Corp. Son was
ranked the 10th richest man by
Wealth-X with a net worth of $19.1
billion.
Source:New York Post

Category: USA and Diaspora