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3). Warren Buffett: $60.8 billion
The Oracle of Omaha, as he’s known for the way his every investment decision is followed by thousands. Buffett began investing as a teenager in the 1940s and gradually grew his firm, Berkshire Hathaway. Buffett, 86, is notoriously frugal and favors investing in companies with proven business models over new industries, such as in technology. He’s said he will give away the bulk of his wealth to philanthropy. Since 2006, he’s been donating blocks of Berkshire stock to the Bill and Melinda Gates Foundation.
4). Carlos Slim Helu: $50 billion
The Mexican tycoon owes his fortune to a major ownership in America Movil, a telecommunications multinational worth $42 billion. He personally owns about 7 percent in the company while his broader family retains a 37 percent stake. He was ranked as the richest person three years ago, but saw his net worth hit by a downturn in Latin American economies. U.S. President-elect Donald Trump’s threats to scrap free trade deals and build a wall on the U.S.-Mexico border have also hurt shares in his business interests. Forbes estimates his net worth dropped $5 billion in the four days after Trump’s election.
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