How Billionaires Got Richer in 2012

How Billionaires Got Richer in 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.

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How Billionaires Got Richer in 2012

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