Business

Warren Buffett is again world’s third-richest person

NEW YORK — Warren Buffett is once again the world’s third-richest person.

The 82-year-old American regained the title after ceding it to Spanish retail tycoon Amancio Ortega in August. Buoyed by a 49 percent jump in fourth-quarter profit, shares of Buffett’s Berkshire Hathaway Inc. have rallied 14 percent this year. That brings Buffett’s net worth to $54.6 billion, according to the Bloomberg Billionaires Index. He’s up $6.7 billion year-to-date. Ortega, 76, founder of the Zara clothing chain, has seen his wealth decline amid concern that Spain’s recession will hurt sales at his Inditex holding company. From a record high on Jan. 2, the shares have slumped 7.5 percent. He’s now worth $54.3 billion, down $3.2 billion year-to-date.

Advertisement

Berkshire Hathaway reported net income of $4.55 billion in the fourth quarter.

Bloomberg News

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com