"Stock God" Buffett returned to the top five of the world's richest list.
According to the Bloomberg Billionaires Index, which was updated after hours of the US stock market on March 7, local time, Berkshire Hathaway Chairman Buffett has re-entered the ranks of the world's top five richest people, and the cumulative value of personal wealth has increased by $7.79 billion since the beginning of the year; Tesla founder Musk is still firmly in the world's richest man, but his personal wealth value has evaporated by $62.2 billion since the beginning of the year.
Buffett returns to the top five of the world's richest people
According to the Bloomberg Billionaires Index, which was updated after hours of the US stock market on March 7 local time, Buffett returned to the top five of the global rich list for the first time this year.
Source: Bloomberg.com
According to the Bloomberg Billionaires Index, Tesla founder Musk is the world's richest man with a personal wealth value of $208 billion; followed by Amazon founder Bezos, whose personal wealth is worth $162 billion; LVMH chairman and CEO Bernard Arnault, Microsoft founder Bill Gates, Berkshire Hathaway Chairman Buffett, Google co-founder Larry Page, Google co-founder Sergey Brin and former Microsoft CEO, Los Angeles Clippers owner Steve Ballmer's latest personal fortune is all worth more than $100 billion.
As of now, in the top ten of the world's richest people, only Buffett and India's rich man Gortam Adani have achieved positive personal wealth growth since the beginning of the year, increasing by $7.79 billion and $5.79 billion respectively.
Musk's personal wealth has evaporated by $62.2 billion since the beginning of the year, ranking first in the world's rich list compiled by the Bloomberg Billionaires Index. This was followed by Mac (formerly Facebook) founder Mark Zuckerberg, whose personal wealth has evaporated by $54.1 billion since the beginning of the year.
Mark Zuckerberg is currently ranked 13th on the world's richest list, with a recent personal wealth value of $71.4 billion.
Three magic weapons
Since the beginning of 2022, global equity asset volatility has intensified, and the NASDAQ index has fallen into a technical bear market. How does the "stock god" achieve steady growth of personal wealth?
China Securities News and China Securities Taurus reporter combed and found that Buffett has three "magic weapons" to achieve positive growth of personal wealth:
The first is to balance positions and value investment.
According to Berkshire Hathaway's recent disclosure, apple is still Buffett's largest heavy stock by market capitalization, with a stock market value of $161.155 billion by the end of 2021, an increase of more than 30% from the market value of $120.424 billion at the end of 2020.
Bank of America, American Express and Coca-Cola are Buffett's second, third and fourth largest stocks, respectively, with a stock market value of $45.952 billion, $24.804 billion and $23.684 billion by the end of 2021, respectively.
According to Wind data, since the beginning of 2022, Apple, Bank of America, and American Express have fallen by 10.17%, 13.40%, and 2.49% respectively, which are much lower than the 18% decline of the NASDAQ in the same period; Coca-Cola has risen 3.16% since the beginning of the year.
The second is how big a commodity to be.
In August 2020, Buffett's Berkshire Hathaway announced a total of $6 billion in capital injections into Japan's five largest trading companies. This means that Buffett is indirectly investing in commodities.
From the fourth quarter of 2020, commodities have opened a crazy bull market. In 2022, supply constraints and geopolitical tensions, coupled with a rebound in demand, led to soaring prices for commodities such as energy, metals and crops. The Japanese companies that Buffett owns have become big winners in the booming commodity rally.
The third is to increase the position of oil stocks with the trend.
Recently, international oil prices have risen like a rainbow. On Friday, a new SEC filing showed buffett-owned Berkshire Hathaway had increased its stake in Occidental Oil, holding 113 million shares worth $5.3 billion.
According to media reports, Buffett said in an interview on March 7 local time that he made the decision to increase his stake in Occidental after reading the minutes of the fourth-quarter earnings call on February 25. And said that "you can buy as much as you want".
Original title: "Stock God" or "Stock God", Buffett returned to the top five of the global rich list! This year, his net worth soared by $7.79 billion, and the world's richest man, Musk, shrank by $62.2 billion
Source: China Securities News
END
Hexun official analyst 1 to 1 diagnosis stock.
Limited to 3 shares, scan the code immediately