Warren Buffett is now the world’s third-richest person.
But he could be even richer.
On Tuesday, Bloomberg News reported that Buffett was recently passed by Amancio Ortega, the Spanish fashion magnate, as the world’s second-richest person.
Buffett’s net worth currently stands at $US70.2 billion, but according to Bloomberg, without his philanthropic giving Buffett’s net worth would be $US102 billion.
This would have made him the richest person in the world.
According to the Bloomberg Billionaires Index, Bill Gates, a board member at Buffett’s Berkshire Hathaway, is the world’s richest person with a net worth of around $US86 billion.
Ortega’s net worth currently stands at $US71.5 billion.
Both Buffett and Gates have signed the Giving Pledge, a pledge to give away at least half of their wealth to philanthropy or charity during their life or through their will.