Pursuits
Buffett Reclaims World’s Third-Richest Title as Ortega Retreats
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Warren Buffett is once again the world’s third-richest person.
The 82-year-old American investor regained the title after first ceding it to Spanish retail tycoon Amancio Ortega in August. Buoyed by a 49 percent jump in fourth-quarter profit, shares of Buffett’s Berkshire Hathaway Inc. have rallied 14 percent this year. That brings Buffett’s net worth to $54.6 billion, according to the Bloomberg Billionaires Index. He’s up $6.7 billion year-to-date.