King of Value Investing: Buffett is The Only One Assets Grows Among Top 10 Richest Men
1. Buffett is the Only One Making Money Instead of Losing Money Among The Top 10 Richest Men in The World
$(Apple)$ released record revenue, Buffett earned $9.8 billion a day, becoming the only one among the top 10 richest people in the world with positive growth in his wealth in 2022.
Buffett's net worth has risen by $2.4 billion so far in 2022 to $111.3 billion, according to the Bloomberg Billionaires Index. Now, he has overtaken Mark Zuckerberg again by $1 billion for sixth place on the list.
$(LVMH)$ CEO Bernard Arnault, $(Microsoft)$ co-founder Bill Gates and former CEO Steve Ballmer,$( Google)$ co-founder Larry Page And Sergey Brin, $(Meta)$ founder Mark Zuckerberg and $(Oracle)$ chairman Larry Ellison have also all posted losses this year, reflecting the sharp decline in the value of their holdings this month.
If you zoom in further, the world's 500 richest people have lost a total of $635 billion since January 1st, largely due to the market's sell-off reaction to the FED's expected tightening measures, while U.S. inflation has reached the highest level in nearly 40 years.
The sharp drop this year in technology stocks has caused the wealth of many of the world's top richest people to face a sharp contraction. Among the to p10 richest people in the world, only Buffett made a profit this year... In particular, last night, Jan 28th, when Apple reported record revenue, Buffett made a big profit of 9.8 billion US dollars a day on his shareholding.
2. Buffett's Largest Holding in Apple Makes $9.8 billion in One Day
According to the latest 13F report submitted by Berkshire in November 2021, as of September 30 last year, Apple was still Berkshire’s biggest holding with 887.1 million shares. At that time, the market value of its holdings in Apple was US$125.5 billion, accounting for about 42.73% of the disclosed holdings.
On Friday, Apple's stock price rose from $165.7 to $170.33, an increase of 6.98%. The market value of Berkshire's Apple holdings under Warren Buffett soared by $9.858 billion. As of Friday's close, Berkshire's market value of its Apple's position is about $151.1 billion.
As of press time, Buffett's net wealth has risen by $2.39 billion this year, and he is the only one among the world's ten richest people whose net worth has increased this year. Part of Buffett's outperformance is that he invests in value stocks that can better withstand inflation, like Coca-Cola and Kraft Heinz.
In addition, American Express has also performed very well recently. In recent months, many high-growth stocks have come under heavy pressure as investors dump companies with high valuations and uncertain earnings prospects as U.S. Treasury yields soar. Hedge funds are selling growth-oriented tech stocks at the fastest pace in more than a decade.
Value stocks are the cornerstone of the 91-year-old Buffett's investment philosophy and the focus of Berkshire Hathaway business. Value stocks, while also down 4.2% since the start of the year, still significantly outperformed the S&P 500 and technology stocks, which fell 9.2% and 15%, respectively.
Buffett's Berkshire Hathaway has benefited from a broader shift in market hotspots to value and cyclical stocks benefiting from the economic recovery and continues to be sought after by industry insiders. Warren is Truly the king of value investing.
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Need big heart and fund to play along..