Warren Buffett surpasses Jeff Bezos in wealth and approaches Bill Gates

Warren Buffett surpassed Jeff Bezos on the rich list in 2022, and now threatens to replace Bill Gates as the second richest American after Elon Musk.

The famous investor is worth, Owner of Berkshire Hathaway, With an estimated $108 billion as of Thursday, according to the Bloomberg index, he is succeeded by Amazon founder and chairman Jeff Bezos with a fortune of $107 billion.

Gates, co-founder of Microsoft and one of Buffett’s closest friends, has a net worth of $110 billion, which puts him within striking distance. Musk, the CEO of Tesla and Twitter, is also not far ahead with a $138 billion fortune.

Buffett trails Musk by more than $170 billion, Bezos by more than $90 billion, and Gates by more than $30 billion into early 2022. He outpaced Bezos and closed the gap due to the relative outperformance of Berkshire Hathaway stock, which accounts for about 99 %, of his net worth. .

Microsoft shares are down about 30%, Amazon shares have halved in 2022, while Tesla is down about 65%. On the other hand, Berkshire’s stock price is up about 2%, meaning Buffett’s wealth would have increased if he hadn’t donated about $5 billion of his Berkshire stock this year, according to a report. published by “business insider” and viewed by Al Arabiya.net.

It should be noted that since 2006 Buffett has sold about 52% of his Berkshire shares. And if he kept his entire stake of about 475,000 shares, he would be worth $223 billion today, making him the richest person in the world in the long run.

Even with his fortune in decline, Buffett ranks fifth on Bloomberg’s rich list. French luxury tycoon Bernard Arnault ranks first with a net worth of $165 billion, and Indian industrialist Gautam Adani ranks third with $121 billion.

Investors have moved from growth stocks like Microsoft, Tesla and Amazon this year to defensive companies like Berkshire in the face of historic inflation, high interest rates and a potential recession.