Warren Buffett Falls To Lower Ranking On The Billionaires List

Jeff Bezos still owns the top spot in Bloomberg Billionaires Index. Warren Buffett has seen his fortune drop below that of Google's Larry Page and Sergey Brin as well as the former Microsoft after giving away a $2.9 billion donation last week.

While world struggle with COVID-19 pandemic, some businesses have been thriving during this crisis. Some of these businesses including online shopping, home deliveries, cleaning products, remote work tools and products, video and conference calling, and telemedicine are some of the growing fields in this pandemic. Consumption of movies and TV shows has increased by many folds.
 
Amazon is one of the companies that have soaring growth from COVID-19. The company stock has soared 80% since Jan month this year to $3,128 per share making a whopping market cap to $1.56 trillion.
 
 
 
The above image of top 10 billionaires does not do justice to their net worth. Jeff Bezos, who owns 11% of Amazon has become the richest man in the world with net worth more than $250 billion just from Amazon stock. That does not include his shares in other companies and his personal wealth and savings. Other top 10 billionaires are Microsoft’s Bill Gates, Facebook’s Mark Zuckerberg, Bernard Arnoult, Steve Ballmer, Google’s Larry Page and Sergey Brin, Warren Buffet, Mukesh Ambani, and Oracle’s Larry Ellison.
 
Warren Buffett has seen his fortune drop below that of Google's Larry Page and Sergey Brin as well as the former Microsoft after giving away a $2.9 billion donation last week.