Warren Buffett has once again joined the five richest people in the world. Warren Buffett has achieved this feat at a time when the wealth of the rest of his rivals is continuously declining due to the huge fall in the stock markets around the world, and especially in tech stocks.
Only Warren Buffett’s wealth increased among the top-5 rich
Warren Buffett’s wealth has increased by 7.2 percent this year to $ 116.7 billion. It is also an interesting fact that Warren Buffett is the only person among the top-5 rich, whose wealth has increased in the year 2022. According to the Bloomberg Billionaires Index, Warney Buffett’s wealth has increased by $7.79 billion this year.
Shares of Warren Buffett’s company soar
Warren Buffett’s rise in wealth was one of the main reasons behind the rise in the shares of his company Berkshire Hathaway Inc., which has made him the fifth richest person in the world. Meanwhile, tech billionaires such as Tesla owner Elon Musk and Amazon owner Jeff Bezos have seen their wealth fall by 15 per cent or more, who are the world’s first and second richest people, respectively.
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Warren Buffett was at number 11 last year
This is the first time in the last one year that 91-year-old Warren Buffett has reached such a high rank in the list of the rich. In October last year, he had moved to 11th place in this list.
Stock markets fell around the world
Tech stocks across the globe have seen heavy selling for the past few weeks. The US Nasdaq Composite Index fell 3.6% on Monday to its lowest level in nearly a year. US stocks overall fell by the most in 17 months as Russia’s invasion of Ukraine raised fears of a prolonged oil shortage and rising inflation.
Warren Buffett benefited from this deal
Berkshire Hathaway on Friday announced the purchase of nearly 30 million additional shares in Houston-based oil and gas company Occidental Petroleum Corp. The nearly $1.6 billion deal, which took place on Monday afternoon, helped reduce his company’s record cash reserves of $146.7 billion.
List of top 5 richest people in the world
1 Elon Musk ($208 billion)
2 Jeff Bezos ($162 billion)
3 Bernard Arnault ($128 billion)
4 Bill Gates ($126 billion)
5 Warren Buffett ($117 billion)
richest man in india
According to the Bloomberg Billionaire Index, Indian industrialist Gautam Adani is the 10th richest person in the world and India with a net worth of $82.3 billion. On the other hand, Mukesh Ambani is the 11th richest person in the world and the second richest person in India with a net worth of $82.1 billion.
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