Billionaires: Warren Buffett’s net worth surges to $125bn – The National

Billionaires: Warren Buffett’s net worth surges to $125bn – The National

Warren Buffett is back among the richest five people in the world amid steep drops in technology stocks that are eroding the wealth of Silicon Valley executives.

Mr Buffett’s fortune has grown 14.8 per cent this year to $125 billion as Berkshire Hathaway shares have rallied, putting him in fifth place on the Bloomberg Billionaires Index.

Over the same period, technology billionaires such as Tesla's Elon Musk and Amazon’s Jeff Bezos have seen their net worth drop by 17.3 per cent and 5.4 per cent respectively.