Warren Buffett Should Be The Richest Person In The World Right Now

Unfortunately there’s one title Warren Buffett has never been able to achieve. Warren Buffet – a man many consider the greatest investor in human history – has never been the richest person on the planet. Not for a day. Not for a few hours. Not even for a few minutes. By our tracking, the closest he’s ever gotten is #3 back in 2009, when he trailed Carlos Slim Helu and Bill Gates. Even today, with Berkshire Hathway’s stock price at an all-time high, Warren’s net worth of $120 billion makes him just the seventh richest person on the planet. Elon Musk is the richest person in the world with a net worth of $235 billion. That’s $115 billion richer than Mr. Buffett. BUT! We do need to add a little caveat… Warren Buffett should be the richest person in the world. What happened? How did Buffett blow his shot? He gave too much money away! Back in 2006, Warren stunned the world when he announced his intention to give away at least 85% of his personal wealth. That percentage has since grown to 99%. And Warren isn’t waiting to give his fortune away after he dies. Over the last 16 years since his 2006 announcement, Warren has given away a rather insane amount of money. Since 2006 Warren has already donated $110 billion worth of his Berkshire Hathaway shares. He has made direct donations or transferred the shares to charitable foundations, notably The Bill and Melinda Gates Foundation. If you’re quick with math you may see where I’m headed… Had he been more like Jeff Bezos, Elon Musk, Steve Jobs and the Google guys – billionaires who have given away tiny fractions of their fortunes – today Warren would be the richest person in the world. Warren’s current $120 billion net worth PLUS his donated $110 billion, would give him a net worth of $230 billion. That would make him the richest person in the world today, topping Elon Musk by $1 billion. These exact circumstances have never existed before. In early November Elon Musk was worth $340 billion at a time when Warren was worth around $105 billion. So at that point, even if he still had his donated $110 billion, Warren’s $225 billion net worth would have been $115 billion shy of the top spot. But there’s actually one more caveat.