Written by Matthew Michaels
2018-03-21T15:06:00Z
- Amazon CEO Jeff Bezos' net worth increased by nearly $40 billion in 2017 — the most of any billionaire, according to Forbes.
- When you break it down, Bezos raked in over $107 million per day in 2017.
- Mark Zuckerberg,Bernard Arnault, and Carlos Slim were the biggest earners behind Bezos in 2017.
Several of the world's richest people saw their wealth balloon by billions last year, but none more than Amazon CEO Jeff Bezos.
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Bezos net worth grew by$39.2 billion in 2017 — "the biggest single-year increase on the Billionaires List this century."
That's according to Forbes' 2017 and 2018 richest people in the world lists, which Business Insider used to calculate the daily increase in net worth of the richest people in the world. We simply found the difference between their 2017 and 2018 net worths — published by Forbes in March of each year — and divided that figure by 365 to represent the number of days in a year.
To be clear, these billionaires didn't earn the same amount of money every day in 2017, considering a great deal of their net worth comes from the value of stocks, which can fluctuate wildly.
For the purposes of this calculation, every day is counted the same, whether it was a banner day or even one where the billionaire lost millions. Note that figures are approximate because of rounding.
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See how much the 14 richest billionaires made per day in the last calendar year, ranked from lowest to highest.
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14. Michael Bloomberg: $6.8 million per day
2017 net worth:$47.5 billion
2018 net worth:$50 billion
Total increase:$2.5 billion
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13. Bill Gates: $11 million per day
2017 net worth:$86 billion
2018 net worth:$90 billion
Total increase:$4 billion
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12. Larry Ellison: $17.3 million per day
2017 net worth:$52.2 billion
2018 net worth:$58.5 billion
Total increase:$6.3 billion
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11. Jim Walton: $21.9 million per day
2017 net worth:$38.4 billion
2018 net worth:$46.4 billion
Total increase:$8 billion
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10. Larry Page: $22.2 million per day
2017 net worth:$40.7 billion
2018 net worth:$48.8 billion
Total increase:$8.1 billion
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9. Steve Ballmer: $23 million per day
2017 net worth:$30 billion
2018 net worth:$38.4 billion
Total increase:$8.4 billion
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8. Warren Buffett: $23 million per day
2017 net worth:$75.6 billion
2018 net worth:$84 billion
Total increase:$8.4 billion
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7. Jack Ma: $29.3 million per day
2017 net worth:$28.3 billion
2018 net worth:$39 billion
Total increase:$10.7 billion
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5. & 6. Charles and David Koch: $32.1 million per day
2017 net worth:$48.3 billion
2018 net worth:$60 billion
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4. Carlos Slim: $34.8 million per day
2017 net worth:$54.4 billion
2018 net worth:$67.1 billion
Total increase:$12.7 billion
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3. Mark Zuckerberg: $41.1 million
2017 net worth:$56 billion
2018 net worth:$71 billion
Total increase:$15 billion
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2. Bernard Arnault: $83.6 million per day
2017 net worth:$41.5 billion
2018 net worth:$72 billion
Total increase:$30.5 billion
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1. Jeff Bezos: $107.4 million per day
2017 net worth:$72.8 billion
2018 net worth:$112 billion
Total increase:$39.2 billion
Matthew Michaels
Former Intern
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As a seasoned financial expert with a strong background in personal finance and wealth management, I can delve into the intricate details of the concepts touched upon in the article about the net worth increases of the world's wealthiest individuals, particularly focusing on Amazon CEO Jeff Bezos.
Firstly, the article relies on data from Forbes' 2017 and 2018 richest people in the world lists to calculate the daily increase in net worth of the billionaires. This approach is common in financial analysis, using published annual net worth figures to assess the financial performance over a specific period.
The concept of net worth is central to the discussion. Net worth is the difference between an individual's assets and liabilities. In the context of billionaires, this includes various assets such as stocks, real estate, and business holdings, minus any debts or liabilities.
The article emphasizes the notion that the daily increase in net worth does not imply a consistent daily income for these billionaires. A significant portion of their net worth comes from the value of stocks, which can fluctuate daily due to market conditions. This insight highlights the importance of understanding the composition of wealth and the impact of asset valuation on overall net worth.
Furthermore, the article mentions the total increase in net worth for each billionaire during the specified period. This total increase is calculated by finding the difference between their net worth in 2017 and 2018, providing a comprehensive measure of their financial growth over the year.
The figures presented in the article showcase the immense wealth accumulation of these individuals, with Jeff Bezos standing out as the top earner, with a staggering $107.4 million increase in net worth per day in 2017. This brings attention to the concept of daily wealth accumulation, emphasizing the astronomical financial success of certain business magnates.
In summary, this article provides insights into the dynamics of wealth growth among the world's richest individuals, utilizing concepts such as net worth, daily increase calculations, and the impact of stock market fluctuations. Understanding these financial concepts is crucial for anyone interested in personal finance, investment, and wealth management.
