Warren Buffett, after giving a gift of $ 2.9 billion, saw his wealth drop below that of Google’s GOOG,
Larry Page and Sergey Brin as well as the former Microsoft MSFT,
CEO Steve Ballmer, according to the Bloomberg Billionaires index.
Lis:Almost half of Buffett Berkshire Hathaway’s portfolio consists of a single share
boss, who was in the top five last month, is now eighth on the list, his lowest position since the index was published in 2012. Part of his fall from the top level is the fact that he has donated $ 37 billion to charity since 2006.
Berkshire’s less than remarkable stock market performance this year also weighed on its ranking:
As you can see in the table below, Amazon’s AMZN,
Jeff Bezos still holds the top spot, with a net worth of $ 68 billion this year alone. Ballmer’s increased by $ 18 billion, with tech executives well represented on the list. Bernard Arnault, boss of the luxury giant LVMH LVMHF,
, is the only non-technological billionaire ahead of Buffett.
You can’t take it with you, of course, and Buffett has pledged to give his fortune to charity. He recently told shareholders that it would now take 12 to 15 years for his estate to unload all of the shares he owned at the time of his death, Bloomberg reported.
At the last audit, Berkshire’s shares were falling with the broader market, down more than 1%, while the Dow Jones Industrial Average DJIA,
Nasdaq Composite COMP,
et S&P 500 SPX,
were deeply in red territory during Thursday’s bruise negotiation session.