Since the beginning of this year, the value of the rich from the technology companies has shrunk collectively. On February 10, Beijing time, the Bloomberg Billionaires Index (The Bloomberg Billionaires Index) information shows that among the world's top richest people, the price of technology giants Musk, Bezos and others has dropped sharply, but the "stock god" Buffett has flourished, and his wealth has increased by 7.64 billion US dollars.
Screenshot of bloomberg's billionaire index page
According to the data, the current top ten people in the world are Musk ($241 billion, Tesla), Bezos ($186 billion, Amazon), Bernard Arnault ($170 billion, LVMH), Bill Gates ($131 billion, Microsoft), Larry Page ($125 billion, Google), Sergey Brin ($121 billion, Google), Buffett ($117 billion, Berkshire Hathaway), Steve Ballmer ($111 billion, Former Microsoft CEO) and Mukesh Ambani ($90.2 billion, Reliance Industries, India).
Former Facebook founder Zuckerberg's fortune shrank to $87.6 billion, directly falling out of the top 10. According to Bloomberg information, Zuckerberg's value has decreased by $37.9 billion (about 240 billion yuan), topped the list of "wealth shrinkage". It was followed by Musk ($29.6 billion) and Berdangu Meyers ($9.36 billion, L'Oréal).
In terms of value, in bloomberg's 2021 global billionaire index updated on December 31 last year, its ranking is Musk, Bezos, Arno, Gates, Page, Zuckerberg ($128 billion), Brin, Ballmer, Buffett ($110 billion), Ellison ($108 billion, Oracle). Therefore, Buffett is currently the only "original top ten richest man" whose value is increasing.
Image source Buffett social media accounts
According to Bloomberg, Buffett is now worth 0.558% of the U.S. gross domestic product, which is equivalent to 1726550 times the median household income in the United States. Much of Buffett's wealth comes from earnings from his listed investment firm, Berkshire Hathaway, who said in his early shareholder letters that Berkshire Hathaway represented "more than 98 percent" of his net worth.
Screenshot of Bloomberg's website
According to Berkshire Hathaway's earnings report, as of the third quarter of 2021, Buffett concentrated about 70% of its total fair value in four U.S. companies: American Express (holding a market capitalization of $25.4 billion), Apple ($128.4 billion), Bank of America ($43.9 billion) and Coca-Cola ($21 billion).
Since 1965, Berkshire's average annual compound growth rate of book value per share has been 19.7 percent, double the S&P 500. The performance and expectations of these companies will be closely related to Buffett's personal wealth.
According to a screenshot of Berkshire Hathaway's 2021 third quarter report
The wealth of the world's tech billionaires is facing a collective shrinkage, and China's rich are no exception. The Bloomberg Billionaires Index shows that the net assets of China's 10 richest Internet tech tycoons shrank by $80 billion (about 508.2 billion yuan) last year, an amount that accounts for almost a quarter of their total wealth and the largest annual decline since the Bloomberg Billionaires Index began tracking the world's richest people in 2012.
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