Bulletin
Investor Alert

In One Chart Archives | Email alerts

July 11, 2020, 10:05 a.m. EDT

Look out below! Warren Buffett just dropped to his lowest ranking ever on the Bloomberg Billionaires Index

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Alphabet Inc. Cl C (GOOG)
  • X
    Alphabet Inc. Cl A (GOOGL)
  • X
    Microsoft Corp. (MSFT)

or Cancel Already have a watchlist? Log In

By Shawn Langlois, MarketWatch


MarketWatch photo illustration/Getty Images, iStockphoto

Looks like he’ll have to scrape by on a mere $68.6 billion.

Warren Buffett, after giving away a $2.9 billion gift, has seen his wealth drop below those of Google’s /zigman2/quotes/205453964/composite GOOG -0.37% /zigman2/quotes/202490156/composite GOOGL -0.44%  Larry Page and Sergey Brin as well as former Microsoft /zigman2/quotes/207732364/composite MSFT -1.79% CEO Steve Ballmer, who owns the NBA’s Los Angeles Clippers, according to the Bloomberg Billionaires Index.

Read: Almost half of Buffett’s Berkshire Hathaway portfolio is composed of a single stock

The Berkshire Hathaway /zigman2/quotes/208872451/composite BRK.A +2.24% /zigman2/quotes/200060694/composite BRK.B +2.18%  boss, who was in the top five just last month, is now eighth on the list, his lowest position since the index first came out in 2012. Part of his fall from the top tier is that fact that he’s given away $37 billion to charity since 2006.

Berkshire’s less-than-stellar stock performance this year has also weighed on his ranking:

As you can see from the chart below, Amazon’s /zigman2/quotes/210331248/composite AMZN -1.78%  Jeff Bezos still owns the top spot, with his net worth soaring $68 billion this year alone. Ballmer’s has increased by $18 billion, as technology executives are well represented on the list. Bernard Arnault, the boss of luxury-goods giant LVMH /zigman2/quotes/202542535/composite LVMHF -1.60% , is the only nontech billionaire placing ahead of Buffett.

You can’t take it with you, of course, and Buffett has pledged to give away his fortune to charity. He recently told shareholders it will now take 12 to 15 years for his estate to unload all the shares he holds at the time of his death, Bloomberg reported.

Berkshire shares were swept lower with the broader market on Thursday, down more than 1%, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.17% and S&P 500 /zigman2/quotes/210599714/realtime SPX +0.06% also finished lower. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -0.87% bucked the trend, finishing the day, in fact, at an all-time high.

/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 1,494.49
-5.61 -0.37%
Volume: 1.58M
Aug. 7, 2020 4:00p
P/E Ratio
33.33
Dividend Yield
N/A
Market Cap
$1017.84 billion
Rev. per Employee
$1.39M
loading...
/zigman2/quotes/202490156/composite
US : U.S.: Nasdaq
$ 1,498.37
-6.58 -0.44%
Volume: 1.39M
Aug. 7, 2020 4:00p
P/E Ratio
33.42
Dividend Yield
N/A
Market Cap
$1017.84 billion
Rev. per Employee
$1.39M
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 212.48
-3.87 -1.79%
Volume: 27.82M
Aug. 7, 2020 4:00p
P/E Ratio
36.89
Dividend Yield
0.96%
Market Cap
$1607.97 billion
Rev. per Employee
$902,473
loading...
/zigman2/quotes/208872451/composite
US : U.S.: NYSE
$ 314,334
+6,879 +2.24%
Volume: 444.00
Aug. 7, 2020 4:01p
P/E Ratio
52.54
Dividend Yield
N/A
Market Cap
$509.12 billion
Rev. per Employee
$637,113
loading...
/zigman2/quotes/200060694/composite
US : U.S.: NYSE
$ 209.48
+4.46 +2.18%
Volume: 6.19M
Aug. 7, 2020 4:04p
P/E Ratio
52.45
Dividend Yield
N/A
Market Cap
$509.12 billion
Rev. per Employee
$637,113
loading...
/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,167.46
-57.54 -1.78%
Volume: 3.94M
Aug. 7, 2020 4:00p
P/E Ratio
121.75
Dividend Yield
N/A
Market Cap
$1586.55 billion
Rev. per Employee
$359,671
loading...
/zigman2/quotes/202542535/composite
US : U.S.: OTC
$ 442.46
-7.21 -1.60%
Volume: 534.00
Aug. 7, 2020 3:40p
P/E Ratio
45.44
Dividend Yield
N/A
Market Cap
$221.93 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,433.48
+46.50 +0.17%
Volume: 324.93M
Aug. 7, 2020 5:10p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,351.28
+2.12 +0.06%
Volume: 2.28B
Aug. 7, 2020 5:10p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
11,010.98
-97.09 -0.87%
Volume: 3.85M
Aug. 7, 2020 5:16p
loading...

Shawn Langlois is an editor and writer for MarketWatch in Los Angeles. Follow him on Twitter @slangwise.

This Story has 0 Comments
Be the first to comment
More News In
Investing

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.