Buffett dropping down world’s richest ranks as tech titans surge

Buffett’s US$68.6bil (RM292.40bil) is enough for eighth-place on the Bloomberg Billionaires Index, his lowest position since the index started in 2012. He ranked in the top five as recently as June. — Bloomberg

Warren Buffett’s US$2.9bil (RM12.36bil) gift this week means he has now given away Berkshire Hathaway Inc shares valued at more than US$37bil (RM157.71bil) since 2006.

His philanthropy – along with Berkshire’s underwhelming stock performance recently – is finally starting to weigh on his net worth after years where his fortune defied his annual giveaways to rise ever higher. Buffett’s US$68.6bil (RM292.40bil) is enough for eighth-place on the Bloomberg Billionaires Index, his lowest position since the index started in 2012. He ranked in the top five as recently as June.