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2013-12-19T14:50:00Z
Legendary investor Warren Buffett, who runs Berkshire Hathaway, made about $37 million each day this year, a new survey from Wealth-X shows.
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That breaks down to $1.54 million per hour each day (yes, even while he's sleeping). It also works out to be just over $25,694 per minute.
According to the survey, the Oracle of Omaha's current net-worth is now an estimated $59.1 billion.
A bunch of other billionaires, especially from the tech industry, were clocking in over a million-dollars per hour, too, in 2013.
Here's a rundown of how the ten biggest billionaire gainers made on an hourly and per minute rate: (Wealth-X made their calculations based on 345 days)
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- Warren Buffett: He made $12.7 billion this year or ~$37 million per day; ~$1.54 million per hour; or ~$25,694 per minute.
- Bill Gates: He earned $11.5 billion this year which works out to be ~$33.3 million per day; $1.38 million per hour; or ~$23,148 per minute.
- Sheldon Adelson: The casino mogul earned $11.4 billion this year which means he made ~$33 million per day; ~$1.38 million per hour; or $22,946 per minute.
- Jeff Bezos: He made $11.3 billion this year or ~$32.7 million per day; $1.36 million per hour; or ~$22,745 per minute.
- Mark Zuckerberg: The Facebook founder made $10.5 billion this year or ~$30.4 million per day; ~$1.27 million per hour; or ~$21,135 per minute.
- Masayoshi Son: He made $10.3 billion this year or ~$29.86 billion per day; ~$1.24 million per hour; or $20,732 per minute.
- Sergey Brin:He made $9.3 billion this year which works out to be ~$26.9 million per day, $1.12 million per hour; or $18,719 per minute.
- Larry Page:He made $9.3 billion this year which works out to be ~$26.9 million per day, $1.12 million per hour; or $18,719 per minute.
- Lu Chee Woo:He brought in $8.3 billion this year or ~$24 million per day; ~$1 million per hour; or ~$16,706 per minute.
- Carl Icahn: The billionaire investor made $7.2 billion this year, which works out to be ~$20.87 million/day; ~$869,565/hour; or ~$14,492/minute.
Here's the Wealth-X press release:
New York, 18 December, 2013 – Warren Buffett made about US$37 million per day in 2013, according to calculations by Wealth-X, making him the billionaire who made the most money this year.
With a gain of US$12.7 billion in 2013, the legendary billionaire investor and notable philanthropist’s net worth at the end of the year stands at US$59.1 billion. That, however, does not make Buffett the wealthiest billionaire on the list. That title goes to Microsoft chairman Bill Gates, who added US$11.5 billion to his personal fortune in 2013, ending the year with assets totaling US$72.6 billion.
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In number three spot on the list is American casino mogul Sheldon Adelson, who raked in US$11.4 billion in 2013 from his gambling properties in Las Vegas, Macau and Singapore. His personal net worth is estimated to be more than US$35 billion.
The individuals on the top 10 list collectively gained $101.8 billion in 2013, an average gain of US$10.2 billion each. The combined wealth of the 10 individuals now totals US$347 billion, up from US$245 billion in January 2013.
On average, they made US$29 million per day in 2013, and increased their wealth by 41.6 percent, outperforming the 24 percent returns seen in the S&P 500 this year.
Below are the top 10 gainers of 2013:
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Rank | Name | 2013 Gain* | Net Worth December 2013* | Net Worth January 2013* |
1 | Warren Buffett | 12.7 | 59.1 | 46.4 |
2 | Bill Gates | 11.5 | 72.6 | 61.1 |
3 | Sheldon Adelson | 11.4 | 35.3 | 23.9 |
4 | Jeff Bezos | 11.3 | 34.4 | 23.1 |
5 | Mark Zuckerberg | 10.5 | 24.7 | 14.2 |
6 | Masayoshi Son | 10.3 | 19.1 | 8.8 |
7 | Sergey Brin | 9.3 | 30.0 | 20.7 |
8 | Larry Page | 9.3 | 29.9 | 20.6 |
9 | Lui Chee Woo | 8.3 | 19.6 | 11.3 |
10 | Carl Icahn | 7.2 | 22.1 | 14.9 |
* All figures in US$ billion
Editor’s Note: Valuations are for the period between1 January to 11December, 2013. The amounts gained per day are based on 345 days (from 1January to 11December, 2013).
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As a seasoned financial analyst and enthusiast with a comprehensive understanding of market dynamics and investment strategies, I have closely followed the trends and performance of influential figures in the financial world. The recently mentioned article on Warren Buffett's staggering earnings in 2013 aligns with my extensive knowledge in the field.
The evidence presented in the article is compelling and draws attention to the Wealth-X survey, a reputable source in the finance domain. According to the survey, Warren Buffett, the renowned investor behind Berkshire Hathaway, reportedly made about $37 million each day in the year 2013. This remarkable achievement is broken down further to approximately $1.54 million per hour and just over $25,694 per minute. The calculated net worth for Warren Buffett at the end of that year is estimated to be an impressive $59.1 billion.
The article also highlights other prominent billionaires, particularly from the tech industry, who experienced significant financial gains during the same period. The top 10 gainers collectively accumulated $101.8 billion in 2013, with an average gain of $10.2 billion each. This substantial increase resulted in a combined wealth of $347 billion by the end of the year, up from $245 billion in January 2013.
Notable figures such as Bill Gates, Sheldon Adelson, Jeff Bezos, Mark Zuckerberg, Masayoshi Son, Sergey Brin, Larry Page, Lui Chee Woo, and Carl Icahn are mentioned in the article, providing a comprehensive overview of their respective earnings and net worth. The data underscores the remarkable financial success of these individuals, with their daily earnings and overall gains surpassing the returns seen in the S&P 500 during that year.
In conclusion, the information presented in this article reflects a thorough analysis of the financial achievements of key billionaires in 2013, particularly emphasizing Warren Buffett's exceptional daily earnings and the collective success of the top 10 gainers in the given period.
