Forbes Reveals the Billionaire with Biggest Financial Gain in 2016

Support Team DML. Get the bumper sticker. CLICK HERE

According to Forbes, Warren Buffett surpassed all other U.S. billionaires this year with a $12.3 billion surge in his personal fortune. This is largely due to his firm Berkshire Hathaway gaining a 20% increase in profit this fiscal year. Statistically, Buffett is now worth $74.2 billion, making him the 2nd-richest person in the world behind Bill Gates (who is worth $84 billion).

The one loss Buffett experienced in 2016 was the presidential election. He was a staunch supporter and advocate of Hillary Clinton and her campaign. Despite that misfire, Berkshire Hathaway stocks jumped up 6%, giving Buffett an additional $3.6 billion to put in his pockets. In total since the election, Buffett has accumulated around $7.8 billion.


Buffett’s firm is the largest shareholder of Wells Fargo, which experienced a massive scandal back in September. The mega bank decided to open millions of accounts without customers’ permission. As a result, Wells Fargo was fined $185 million. In correlation, Buffett’s firm’s stocks began to drop.However, the firm made its comeback in November following Donald Trump winning the election.

"BUILD THE WALL" bumper stickers now on sale. (BUY NOW)

If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).

To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.


Comment via Facebook

Send this to a friend