Warren Buffett joins $100bn club, highlighting K-shaped recovery

Berkshire Hathaway Chairman Warren Buffet has seen his net worth blow past the $100bn mark on the Bloomberg Billionaires Index, underscoring a K-shaped US recovery that saw more than eight million Americans fall into poverty in the second half of 2020.

Warren Buffett has been a fixture at the top of the world’s wealth rankings for decades, but in recent years he’s slipped down the list as tech fortunes soared and his hot hand cooled. Now, at 90, his net worth has blown past $100 billion. The Berkshire Hathaway Inc. chairman’s wealth jumped on Wednesday to $100.4 billion, according to the Bloomberg Billionaires Index. That makes Buffett the sixth member of the $100 billion club, a group including Jeff Bezos, Elon Musk and his friend Bill Gates.