Warren Buffett Overtakes Mark Zuckerberg in Wealth Again as Value Bets Shine Over the Growth Story

Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks during the Fortune summit on "The Most Powerful Women" at the Mandarin Hotel in Washington on Oct. 13, 2015. Mark Wilson/Getty Images

Veteran value investor and Berkshire Hathaway Inc. CEO Warren Buffett’s net worth on Thursday shot past that of Meta Platforms Inc. CEO Mark Zuckerberg’s, as per the latest data from Bloomberg Billionaires Index.

What Happened

With a net worth of $111 billion, Buffett ranked sixth among the world’s richest people and passed Zuckerberg who is currently ranked eight with a $110 billion valuation.

Buffett’s wealth is up $2.39 billion so far this year, making him the only name in the top 10 that has recorded a positive gain in 2022 so far.

Why It Matters

Barring Buffett’s diversified portfolio, the top ten constituents of the billionaires index is mostly tech-heavy. Technology and growth stocks have been down this year amid a rate and inflation related rout.