Guess who’s richer than Buffett

By Staff | October 5, 2016 | Last updated on October 5, 2016
1 min read

Warren Buffett has occupied the second spot on the Forbes 400 list of the wealthiest Americans for 15 years, behind Microsoft co-founder Bill Gates. But he’s been knocked down a peg this year.

Amazon’s Jeff Bezos has edged Buffett out by US$1.5 billion dollars. Forbes places Bezos’s net worth at US$67 billion. Thanks to his company Berkshire Hathaway, Buffett’s net worth is US$65.5 billion.

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Billions above them both is Gates, whose net worth is US$81 billion.

Rounding out the top five are Facebook’s Mark Zuckerberg with US$55.5 billion, and Oracle’s Larry Ellison, who has US$49.3 billion.

Read the full list at Forbes.

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The staff of have been covering news for financial advisors since 1998.