Buffett is Back as Second Richest Man in the World

Warren Buffett is well known for his investment strategies that brought him great wealth. Buffett held his spot as the second wealthiest man in America for 15 consecutive years before losing his ranking during 2016, and placing as 3rd in America and 4th in the world.

According to the Forbes 400 list, Buffett had not been ranked that low since Bill Clinton was in office— which is a little ironic, since Buffett spent a lot of this year campaigning for Hillary Clinton. 

Irony aside, Buffett’s fortune has increased more than any other billionaire since Election Day in November. The 2016 rankings had him at $65.5 billion, and currently he is said to have a net worth of $73.9 billion— that’s an $8.4 billion dollar increase in a pretty short amount of time. As Amazon stocks took a hit and stock values began to drop, Berkshire Hathaway stock continued to climb. And, that’s only in America.

In the world, Buffett actually jumped two spots. He moved ahead of Jeff Bezos, Amazon CEO, as well as Amancio Ortega, a Spanish businessman. These two are currently said to have a new worth of $66.4 billion and $72.6 billion, respectively.

Clearly, ranking billionaires by wealth is ever-changing, as is the stock market they’re working with. One thing we can say for sure, though, is that Buffett was right when he said, “If either Donald Trump or Hilary Clinton become president, Berkshire will do fine.”

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