Warren Buffett is currently the third richest person in the world. But the truth is that he could actually be even richer.
Bloomberg news reported on Tuesday that Amancio Ortega recently passed Buffett as the second richest person in the world. For those who don’t know, Ortega is a Spanish fashion magnate.
Currently, according to Bloomberg, Warren Buffett’s net worth stands at $70.2 billion. But it is estimated that Warren Buffett’s net worth would be $102 billion if it wasn’t for his philanthropic endeavors. That would have made Buffett the richest person in the world.
On the other hand, board member of Berkshire Hathaway Bill Gates, according to the Bloomberg Billionaire Index, is currently the richest person in the world at $86 billion. Ortega is currently worth $71.5 billion.
Gates and Buffett have both signed the Giving Pledge, which is a pledge to give away at least half of their wealth to charity or philanthropy throughout their life or in their will.