Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Warren Buffett "Only Winner" in 2022 with Net Worth of $111 Billion


Fri 28 Jan 2022 | 09:55 PM
Taarek Refaat

Warren Buffett is the only person in the top ten to earn a fortune in 2022, whose net worth rose by $2.4 billion to $111 billion, according to the index.

Berkshire Hathaway's CEO net worth is now $1 billion more than Mark Zuckerberg's Meta Platforms CEO.

Forbes Billionaire Lists Buffett ahead of Zuckerberg, but by a larger margin of $6.5 billion. The fortune of  Zuckerberg has decreased by $15 billion.

Buffett is certainly the biggest winner for the outperformance of value stocks so far in 2022.

The high-tech Nasdaq Composite is down more than 14% year-to-date to the end of January so far. In comparison, the S&P 500 is down 9% so far this year, while the Dow Jones Industrial Average is down 6%.

Bernard Arnault, CEO of LVMH Moët Hennessy Louis Vuitton is still third on the Bloomberg Billionaires Index, closing the gap on Bezos in second place. Arnault may be ready to overtake Bezos, as the French luxury conglomerate's stock rose 2.5% on Friday.

According to the Forbes list, Arno and his family have already overtaken Bezos, moving to second place after Musk.