Warren Buffett and 9 Other Billionaires Dominated Wealth Gains in 2013

Money

The full force of the Federal Reserve’s wealth effect is being felt in the billionaire club. Thanks to wise business investments and a strong rebound in equity prices, the world’s wealthiest people increased their net worth by a staggering amount this year.

The top 10 billionaires who made the biggest financial gains in 2013 collectively earned $101.8 billion, according to Wealth-X, the world’s largest collection of curated research on ultra-high-net-worth individuals. Furthermore, the combined wealth of those 10 individuals totals an impressive $347 billion, up 41.6 percent from the beginning of the year.

On average, the billionaires on the list made $29 million per day this year, and gained $10.2 billion each. Bill Gates is currently the wealthiest person in the world, but did not log the biggest gain in 2013. Let’s take a look at the top 10 gainers.

Carl Icahn

10. Carl Icahn

2013 Gain: $7.2 billion

Between well-timed investments in Herbalife (NYSE:HLF) and Netflix (NASDAQ:NFLX), it has been a great year for the activist investor. Icahn gained $7.2 billion in 2013 and pushed his total net worth to $22.1 billion. Shares of Icahn Enterprises (NYSE:IEP), a diversified holding company, are up 160 percent this year.

Source: Jerome Favre/Bloomberg

9. Lui Chee Woo

2013 Gain: $8.3 billion

Thanks to record casino-gaming revenue, Galaxy Entertainment Group founder Lui Chee Woo gained $8.3 billion this year and pushed his total net worth to $19.6 billion. He has been a director of the company since August 1991, and is the chairman and a member of the executive board.

Source: http://www.flickr.com/photos/scobleizer/

8. Larry Page

2013 Gain: $9.3 billion

Page is an American computer scientist and co-founder of Google (NASDAQ:GOOG), the most popular site on the Internet. With shares of Google surging more than 50 percent this year, Page gained $9.3 billion and has a total net worth of almost $30 billion.

Source: http://www.flickr.com/photos/tedconference/

7. Sergey Brin

2013 Gain: $9.3 billion

Brin is also a co-founder of Google. He gained $9.3 billion and has a total net worth of $30 billion. Brin and Page met during their years at Stanford University.

Source:  http://www.flickr.com/photos/dannychoo/

6. Masayoshi Son

2013 Gain: $10.3 billion

The Japanese businessman is the founder and current chief executive officer of Softbank, and current Chair of Sprint (NYSE:S). In 2013, he gained $10.3 billion and has a total net worth of $19.1 billion.

Mark Zuckerberg

5. Mark Zuckerberg

2013 Gain: $10.5 billion

Although Zuckerberg is only 29 years old, he gained $10.5 billion this year and has a total net worth of $24.7 billion. In fact, he is the youngest billionaire in the world. Zuckerberg is co-founder and current chief executive officer of Facebook (NASDAQ:FB). Shares of the social media giant have more than doubled this year.

Jeff Bezos

4. Jeff Bezos

2013 Gain: $11.3 billion

After spending time on Wall Street, Bezos founded Amazon.com (NASDAQ:AMZN) in 1994 and has been building his wealth ever since. In 2013, he gained $11.3 billion and has a total net worth of $34.4 billion. Amazon.com is the world’s largest Internet retailer.

Sheldon Adelson

3. Sheldon Adelson

2013 Gain: $11.4 billion

Adelson is the chairman and chief executive officer of Las Vegas Sands (NYSE:LVS), an American casino and resort operating company based in Nevada. During 2013, he gained $11.4 billion and increased his total net worth of $35.3 billion.

Bill Gates

2. Bill Gates

2013 Gain: $11.5 billion

Coming in second place, Gates gained $11.5 billion in 2013 and pushed his total net worth to $72.6 billion. He is the former chief executive officer and current Chair of Microsoft (NASDAQ:MSFT), which he co-founded in 1975. Shares of Microsoft have surged 35 percent this year.

Warren Buffett

1. Warren Buffett

2013 Gain: $12.7 billion

The Oracle of Omaha still has the Midas touch. Buffett gained a whopping $12.7 billion this year, and has a total net worth of $59.1 billion. In 1962, Buffett began buying stock in Berkshire Hathaway (BKRA) and is now the largest shareholder and chief executive officer. Shares of the company are up about 30 percent this year.

More From Wall St. Cheat Sheet:

More from The Cheat Sheet