The 5 Richest Americans Are Already $67 Billion Richer In 2017

America’s five richest people have added a combined $66.8 billion to their personal fortunes.

The five richest men are; Bill Gates, Jeff Bezos, Mark Zuckerberg and Larry Ellison—are founders of iconic technology firms. The last is legendary value investor Warren Buffett.

Though each member of the top five holds a distinct portfolio, the gains are all generally attributable to excellent returns on public markets.

As one example, the share price of Zuckerberg’s social media giant, Facebook, has increased 50% so far this year.

Zuckerberg, the biggest gainer of the group, enjoyed a $23.4 billion boost to his net worth between January 1 and 4 PM Eastern Time on Friday afternoon.

He is now worth an estimated $71.8 billion, according to Forbes’ real-time rankings of the world’s billionaires, and is only $3 billion behind Warren Buffett, the planet’s fourth-richest person.

Jeff Bezos has had the second-most lucrative year. His fortune rose $21.9 billion through Friday, to an estimated $86.8 billion. On Thursday, Bezos briefly surpassed Bill Gates to become the world’s wealthiest individual, after his net worth eclipsed $90 billion.

At the time, the Amazon founder’s wealth was contextualized by Seattle Times real estate reporter Mike Rosenberg, who wrote on Twitter that Bezos could afford to buy every house in Seattle—all 136,000 of them.

That, of course, assumed that Bezos would be able to fully liquidate his Amazon stock.

Source: Fortune

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *