Warren Buffett He is the only one of the 10 richest people in the world who has seen his fortune shrink during January 2023, since his financial arm Berkshire Hathaway missed out on the latest stock market rally.
As reported on Tuesday Business Insiderthe net worth of Buffett it has shrunk by $529 million to stand at $107 billion so far in 2023, according to the Bloomberg Billionaires Index.
In the first month of the year, the shares of Berkshire Hathaway they fell 1% compared with a 5% gain in the benchmark S&P 500 index and a 10% rise in the Nasdaq Composite.
In contrast, the wealth of LVMH’s CEO, Bernard Arnaultgrows by 27,000 million dollars, to settle at 189,000 million, while the fortune of the executive president of Tesla, Elon Musk, has recovered by $23 billion to $160 billion. Their respective gains reflect a 14% rise in shares of the luxury conglomerate and a 54% rise in shares of the automaker so far this year.
According to the note of Business Insiderthe net worth of the founder of Amazon, Jeff Bezoshas risen by $17 billion to stand at $124 billion, and Microsoft co-founder Bill Gatesrounds out the top five with a modest profit of $2 billion to $111 billion.
For its part, Amazon’s shares have risen 17% in January, while Microsoft’s have gained 1%.
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