Buffett Is Still The Richest Person In Finance

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by Tyler Durden
Friday, Mar 29, 2024 - 11:30 PM

The combined net worth of the 10 richest people in finance reached $446.9 billion in 2024.

Here, Visual Capitalist's Niccolo Conte ranks them based on Forbes data as of Feb. 1, 2024.

The Oracle of Omaha

93-year-old Warren Buffett heads the list. The chairman and CEO of Berkshire Hathaway has a net worth of $128.7 billion.

Buffett’s Berkshire Hathaway portfolio is 62% invested in only three stocks: Apple (42.9%), Bank of America (10.2%) and American Express (9.1%).

Based in Omaha, Nebraska, where he has spent much of his life and where Berkshire Hathaway is headquartered, Buffett is also the 6th richest person in the world.

In second place is Michael Bloomberg, with $96.3 billion. Besides founding the financial data and media company Bloomberg LP in 1981, Bloomberg served as mayor of New York City for 12 years, from 2002 to 2013. A prominent philanthropist, he is committed to donating his stake in Bloomberg LP to Bloomberg Philanthropies when he dies.

In third place, Ken Griffin possesses almost a third of Bloomberg’s net worth. He founded and runs Citadel, a Miami-based hedge fund firm that manages $60 billion in assets. Stephen Schwarzman, Chairman and CEO of Blackstone Group, comes in fourth with $36.8 billion.

The only non-American is Robert Budi Hartono, one of the wealthiest people in Indonesia. His wealth comes from Djarum, one of the world’s largest producers of clove cigarettes, and Bank Central Asia, one of the country’s largest banks.

The lone female on the list is Abigail Johnson. She is the president and CEO of Fidelity Investments. Johnson took over the CEO position from her father in 2014.