{
  "id": 11359297,
  "title": "Warren Buffett becomes world's 10th richest man after surpassing billionaire Zara founder",
  "url": "https://urgent.news/2026/10/02/warren-buffett-becomes-worlds-10th-richest-man-after-surpassing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T04:41:43.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/billionaires/warren-buffett-becomes-world-s-10th-richest-man-after-surpassing-billionaire-zara-founder-5127524.html"
  },
  "original_language": "en",
  "account": "Warren Buffett has ascended to the world's 10th wealthiest individual, overtaking the founder of Spanish fashion giant Inditex, Amancio Ortega. This achievement occurred after Buffett's net worth surged by nearly $500 million, reported U.S. magazine Forbes. Meanwhile, Ortega's wealth plummeted by $1.8 billion to $140.1 billion, following a 1.6% drop in Inditex's stock. Buffett's substantial fortune stems from his ownership of approximately 37.2% of Berkshire Hathaway's Class A shares and less than 0.001% of its Class B shares. The conglomerate, which includes major stakes in Apple, American Express, Coca-Cola, Google, and Bank of America, boasts a market capitalization exceeding $1 trillion. Despite a slight decline in its Class A stock price this year, its value has increased by over 80% over the past five years. In July 2026, Buffett relinquished his position as Berkshire Hathaway's chairman after decades of leadership, with his son Howard assuming the role of non-executive chairman. Buffett, however, remains a director and chairman emeritus. He has pledged to donate more than 99% of his wealth upon his demise, having already contributed over $72 billion, primarily in Berkshire Hathaway shares. Bloomberg estimated that the shares Buffett has given away over two decades would have been worth around $230 billion by May 2026. If he had retained those shares, his fortune could have reached $400 billion, surpassing Elon Musk's wealth at that time. Musk's net worth has since surpassed $900 billion, securing his position as the world's richest individual.",
  "summary": "Legendary investor Warren Buffett, with a US$142 billion net worth, has overtaken Spanish billionaire Amancio Ortega, who founded Zara fashion chain's parent company Inditex, to become the tenth-richest individual globally.",
  "key_points": [
    "Warren Buffett becomes world's 10th richest man",
    "Amancio Ortega's wealth drops to $140.1 billion",
    "Buffett's fortune from Berkshire Hathaway ownership"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}