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.

Better Investing

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.

Sign up for our free newsletter

Like this article? Sign up for our newsletter and we'll send you a regular digest of our newest stories, full of money saving tips and advice, free! We'll also email you a PDF of Stacy Johnson's "205 Ways to Save Money" as soon as you've subscribed. It's full of great tips that'll help you save a ton of extra cash. It doesn't cost a dime, so why wait? Click here to sign up now.

Recommended For You

Money in a Minute


Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,679 more deals!