Buffett Dropping Down World’s Richest Ranks as Tech Titans Surge
- Gift of $2.9 billion worth of shares drops Buffett down index
- Tech billionaires dominate list of world’s biggest fortunes
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Warren Buffett’s $2.9 billion gift this week means he has now given away Berkshire Hathaway Inc. shares valued at more than $37 billion since 2006.
His philanthropy -- along with Berkshire’s underwhelming stock performance recently -- is finally starting to weigh on his net worth after years where his fortune defied his annual giveaways to rise ever higher. Buffett’s $68.6 billion is enough for eighth-place on the Bloomberg Billionaires Index, his lowest position since the index started in 2012. He ranked in the top 5 as recently as June.