Warren Buffett’s net worth hits $100 billion for first time

Billionaire investor Warren Buffett’s net worth reached $100 billion on Thursday, making him the sixth richest person in the world.

Buffett, 90, saw shares in his company, Berkshire Hathaway, surge almost 15 percent this year, adding nearly $13 billion to his overall net worth.

He now ranks just behind Facebook CEO and founder Mark Zuckerberg, according to CNN.

Berkshire Hathaway earlier this year bought stakes in both Chevron and Verizon. The oil company is currently up 31 percent as it continues to recover from the industry hit caused by the pandemic.

Verizon stock is down almost 3 percent this year but has faired better compared to March 2020, the news outlet noted. 

But despite the wealth milestone for Buffett, Amazon founder Jeff Bezos still remains the richest person in the world, with a net worth of $180 billion. Bezos’s fortune saw a marked increase during the pandemic as Americans relied increasingly on online shopping to avoid person-to-person contact. 

Tesla CEO Elon Musk ranks just behind Bezos with a net worth of $173 billion due to recent losses, Bloomberg reported.

Bill Gates, co-founder of Microsoft, comes up third behind Musk, with a net worth of $138 billion. Bernard Arnault, who is the chairman of luxury goods group LVMH, ranks behind him with a net worth of $122 billion.

Buffett pledged in 2006 to donate most of his wealth to charity, according to CNN.