Warren Buffett and 9 Other Billionaires Dominated Wealth Gains in 2013

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Money

The full force of the Federal Reserve’s wealth effect is being felt in the billionaire club. Thanks to wise business investments and a strong rebound in equity prices, the world’s wealthiest people increased their net worth by a staggering amount this year.

The top 10 billionaires who made the biggest financial gains in 2013 collectively earned $101.8 billion, according to Wealth-X, the world’s largest collection of curated research on ultra-high-net-worth individuals. Furthermore, the combined wealth of those 10 individuals totals an impressive $347 billion, up 41.6 percent from the beginning of the year.

On average, the billionaires on the list made $29 million per day this year, and gained $10.2 billion each. Bill Gates is currently the wealthiest person in the world, but did not log the biggest gain in 2013. Let’s take a look at the top 10 gainers.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business