Pursuits
World’s Richest Gain $7 Billion as Buffett Reclaims Third Place
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The 40 richest people on the planet added $7.2 billion to their collective net worth this week as Warren Buffett and Amancio Ortega dueled for the title of world’s third-richest person.
Ortega, 76, bumped Buffett, 81, from the No. 3 spot on the Bloomberg Billionaires Index on Aug. 6, after shares of Inditex SA, the world’s largest clothing retailer, surged 3.8 percent in a day. The company’s stock fell 1.8 percent yesterday, dropping him again below the Berkshire Hathaway Inc. chairman.