Billionaires boost wealth to $US1.9 trillion

The world’s billionaires added $US241 billion to their collective net worth during 2012, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 100 wealthiest individuals.

The index’s aggregate net worth was at $US1.9 trillion at the market close on December 31, with retail and telecommunications fortunes surging about 20% on average during the year.

Of the 100 people who appeared on the final ranking of 2012, only 16 registered a net loss for the 12-month period.

Amancio Ortega, the Spaniard who founded the Zara clothing chain, was the year’s biggest gainer. His fortune increased $US22.2 billion to $US57.5 billion, according to the index, as shares of his company Inditex rose 66.7%.

Carlos Slim, the telecommunications magnate who controls Mexico’s America Movil, maintained his title as the world’s richest person for the entire year. His net worth rose $US13.4 billion – or 21.6% – through December 31, making him the second-biggest gainer by dollars.

Microsoft co-founder Bill Gates ranks second on the list, trailing Mr Slim by $US12.5 billion. He added $US7 billion to his net worth.

Warren Buffett, 82, lost his title as the world’s third- richest man to Mr Ortega on August 6 but gained $US5.1 billion during the year, even after donating 22.3 million Berkshire Class B shares in July to charity.

Brazilian commodities trader Eike Batista was the year’s biggest loser by dollars, falling $US10.1 billion and selling a 5.63% stake in his EBX Group in March to Abu Dhabi’s Mubadala Development Co.

Oracle founder Larry Ellison, eighth, rose $US6.4 billion in 2012 as the shares jumped 31.7%.

The Bloomberg Billionaires Index measures the world’s wealthiest people based on market and economic changes and Bloomberg News reporting. Each net worth figure is updated every business day at 5:30 p.m. in New York. The valuations are listed in US dollars.

Forbes produces a similar list here.

Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot


Sym Price Change
USD 0.7161 -0.0003 -0.04%
AUD 0.9344 -0.0024 -0.26%
EUR 0.6549 -0.0031 -0.47%
GBP 0.5855 -0.0028 -0.48%
HKD 5.5538 -0.0029 -0.05%
JPY 74.6600 0.0380 0.05%


Commodity Price Change Time
Gold Index 1273.4 11.040 2016-10-25T00:
Oil Brent 50.7 -1.730 2016-10-25T00:
Oil Nymex 49.9 -0.650 2016-10-25T00:
Silver Index 17.8 0.210 2016-10-25T00:


Symbol Open High Last %
NZX 50 7002.9 7013.6 7002.9 -1.52%
NASDAQ 5256.4 5280.9 5283.4 -0.11%
DAX 10726.2 10737.8 10757.3 -0.50%
DJI 18103.8 18236.0 18169.3 0.28%
FTSE 7017.6 7017.6 7017.6 -0.92%
HKSE 23396.1 23464.0 23565.1 -1.02%
NI225 17329.0 17391.8 17365.2 0.15%
ASX 5442.8 5442.8 5442.8 -1.52%