The legendary American investor was worth 100 billion dollars on Thursday, according to Bloomberg Billionaire’s Index. That puts him in the company of just five other men above this threshold. And now she is the sixth richest person in the world, ranking right behind Facebook (FB) CEO Mark Zuckerberg.
Buffett, 90, added nearly $ 13 billion to its net worth this year as shares in his industrial and insurance conglomerate grew. Berkshire Hathaway (BRKA) it has grown by almost 15% in 2021, giving the company a market capitalization of over $ 600 billion.
Buffett and Berkshire Hathaway are best known for their slow-growing investments in “value” stocks – many of which have performed very well this year as markets continue to recover from the pandemic crash a year ago. He recently revealed that Berkshire has bought stakes in Dow Chevron and Verizon components, indicating a new interest in Big Oil, telecommunications and the media.
Chevron (CLC) increases by 31%, as oil prices regain ground lost in the first months of the pandemic. Verizon (VZ) it did not do nearly as well – the stock fell by almost 3% this year – but it is still above the minimum levels it reached in March 2020.
While Buffett has surpassed $ 100 billion, he is still far from the richest man in the world. Amazon (AMZN) CEO Jeff Bezos, worth $ 180 billion, according to Bloomberg. Bezos traded the title with adze (TSLA) CEO Elon Musk, who is now worth $ 173 billion in shares at his electric vehicle manufacturer’s rally due to recent losses.
Microsoft (MSFT) co-founder Bill Gates is No. 3 on the $ 138 billion list, while Bernard Arnault, chairman of the luxury goods group LVMH (LVMHF), ranks 4th with $ 122 billion. Arnault is the richest non-American on the list. Zuckerberg is number 5 with a net worth of $ 101 billion.
Buffett donated billions of dollars to philanthropic causes, and in 2006 he pledged almost all of his wealth to charity.
– Paul R. La Monica contributed to this report.