Wealth-X Reveals: The Biggest Gainers And Losers Of 2014
SINGAPORE, Dec. 16, 2014 /PRNewswire/ -- As 2014 comes to a close, Wealth-X reveals this year's biggest financial gainers and losers.
The biggest gainer of 2014 was Alibaba founder and executive chairman Jack Ma, the former English teacher-turned billionaire entrepreneur. Ma's fortune swelled by US$18.5 billion this year to US$29.2 billion, representing an increase of 173%, largely due to Alibaba's blockbuster IPO in September and the subsequent strong performance of the company's stock.
Legendary investor Warren Buffett came in second place on the Wealth-X list of this year's top gainers. The Berkshire Hathaway chairman raked in US$13.5 billion in 2014, a 23% increase from last year, to push his fortune to US$72.6 billion. The world's richest man, Bill Gates, saw his net worth grow by US$10.5 billion in 2014 to reach US$83.1 billion, earning him third place on the Wealth-X ranking of this year's biggest gainers.
The individual who lost the most money this year is Russian tycoon Leonid Mikhelson. The biggest shareholder of natural gas producer Novatek lost US$7 billion, or 41% of his wealth, in 2014, due to the plummeting Russian currency, weak oil prices and economic sanctions imposed by the West over the Russia-Ukraine conflict. Mikhelson's fortune now stands at US$10 billion.
Below are the biggest gainers and losers of 2014:
| Gainers |
|||||
| Rank |
Name |
Net Worth In (US$ billion) |
Net Worth In Dec 2014 (US$ billion) |
Gain/Loss (US$ billion) |
Gain/Loss (%) |
| 1 |
Jack Ma |
10.7 |
29.2 |
18.5 |
173% |
| 2 |
Warren Buffett |
59.1 |
72.6 |
13.5 |
23% |
| 3 |
Bill Gates |
72.6 |
83.1 |
10.5 |
14% |
| 4 |
Mark Zuckerberg |
24.7 |
33.1 |
8.4 |
34% |
| 5 |
Patrick Drahi |
7.8 |
12.9 |
5.1 |
65% |
| Losers |
|||||
| Rank |
Name |
Net Worth In (US$ billion) |
Net Worth In Dec 2014 (US$ billion) |
Gain/Loss (US$ billion) |
Gain/Loss (%) |
| 1 |
Leonid Mikhelson |
17 |
10 |
-7 |
-41% |
| 2 |
Masayoshi Son |
19.1 |
13.2 |
-5.9 |
-31% |
| 3 |
Lui Chee Woo |
19.6 |
14.1 |
-5.5 |
-28% |
| 4 |
Jeff Bezos |
34.4 |
28.9 |
-5.5 |
-16% |
| 5 |
Sheldon Adelson |
35.3 |
30.1 |
-5.2 |
-15% |
About Wealth-X
Wealth-X is the world's leading ultra high net worth (UHNW) intelligence and prospecting firm with the largest collection of curated research on UHNW individuals, defined as those with net assets of US$30 million and above. The firm's Wealth-X Professional solution is the standard for banking, luxury marketing and not-for-profit professionals working with the ultra affluent. Headquartered in Singapore, Wealth-X has 13 offices across five continents.
(www.wealthx.com)
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/wealth-x-reveals-the-biggest-gainers-and-losers-of-2014-300010370.html
SOURCE Wealth-X
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