How Billionaires Got Richer in 2012
The world's richest people added $241 billion more to their net worth last year. Here's how, and by how much.
Bloomberg reports…
The aggregate net worth of the world’s top moguls stood at $1.9 trillion at the market close on Dec. 31, according to the index. Of the 100 people who appeared on the final ranking of 2012, only 16 registered a net loss for the 12-month period.
The article goes through the fortunes of several of the world’s richest people, who gained more riches thanks to their stock in companies they own. Well-performing clothing retailers and telecommunication companies accounted for a lot of it, including for the year’s biggest gainer Amancio Ortega (up $22.2 billion for the year) and Carlos Slim (up $13.4 billion).
Among American gazillionaires, Bill Gates gained $7 billion thanks to Microsoft’s performance, and Warren Buffett was up $5.1 billion mainly because of Berkshire Hathaway.
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