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.

How Billionaires Got Richer in 2012 Photo (cc) by 401(K) 2012

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.

Brandon Ballenger
Brandon Ballenger @btballenger
I'm a freelance journalist living in South Florida. If I'm not writing, I'm playing video games or at the beach. My favorite spice is oregano, and I thought you should know. I ... More

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