Buffett Earns $37 Million a Day in 2013

According to a recent study, more than any other United States billionaire, Warren Buffett gained more wealth and added $37 million a day to his personal bottom line.

Buffett’s net worth through December 11, 2013 – on paper – rose a whopping $12.7 billion to reach $59.1 billion in 2013. He was worth $46.4 billion at the start of the year, according to wealth research firm Wealth-X. He made a paper gain of $1.5 million an hour.

Bill Gates (chairman of Microsoft) is still currently the richest person in America. But in terms of dollar value this year, he was number two. His paper wealth rose by $11.5 billion to reach the amount of $72.6 billion. Sheldon Adelson came in third by making $11.4 billion this year to reach $35.3 billion in total.

The majority of Buffett’s gains were fueled mostly by a rise in stock prices. This boosted the overall value of his company shares held by corporate chiefs and founders. His wealth was spread throughout every sector, and this suggests that his main wealth driver this year was the overall stock market. It had nothing to do with industry-specific sectors like tech or energy.

Overall, the 10 richest billionaires in the world saw their wealth increase by $101.8 billion. This is more than Slovakia and Puerto Rico’s GDPs.

Take a look at the full list.

Biggest Billionaire Gainers during 2013

  1. Warren Buffett—$12.7 billion gain to $59.1 billion
  2. Bill Gates—$11.5 billion gain to $72.6 billion
  3. Sheldon Adelson—$11.4 billion gain to $35.3 billion
  4. Jeff Bezos—$11.3 billion gain to $34.4 billion
  5. Mark Zuckerberg—$10.5 billion gain to $24.7 billion
  6. Masayoshi Son—$10.3 billion gain to $19.1 billion
  7. Sergey Brin—$9.3 billion gain to $30 billion
  8. Larry Page—$9.3 billion gain to $29.9 billion
  9. Lui Chee Woo—$8.3 billion gain to $19.6 billion
  10. Carl Icahn—$7.2 billion gain to $22.1 billion