Wednesday, December 28, 2016

Biggest Billionaire Gainer Of 2016: Warren Buffett's Fortune Surges More Than Anyone Else In America


By Forbes, Dec. 27, 2016 

Shares of Warren Buffett’s firm Berkshire Hathaway soared 20% in 2016, helping to boost Buffett’s personal fortune by $12.3 billion – more than any other billionaire in the United States. The Oracle of Omaha is now worth $74.2 billion, enough to make him the 2nd-richest person in the world (behind only Bill Gates, who is worth $84 billion), according to FORBES' calculations.

Buffett was a firm supporter of Hillary Clinton during the 2016 presidential campaign, but he scored most of his gains this year, some $7.8 billion, after she lost the election in November. Buffett's fortune rose $3.6 billion in the two days following the election alone when Berkshire Hathaway stock jumped 6%.

Read More: http://www.forbes.com

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