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Share price jumps lift the wealth of Vuong and Buffett
Business · A2 · 1 min read

Share price jumps lift the wealth of Vuong and Buffett

Cổ phiếu tăng vọt, tài sản ông Vương và Buffett tăng mạnh

Source: Vnexpress

Stock markets can change a person’s wealth very fast. This article shows how a rise in share prices added billions to the fortunes of two famous investors, Pham Nhat Vuong and Warren Buffett.

Pham Nhat Vuong added $2.3 billion to his assets, raising his net worth 7% to $34.7 billion and ranking 67th globally. The increase happened because Vingroup shares jumped 7% on Wednesday, the highest rise in eight days.

Berkshire shares rose 1.4% on Wednesday after a 15% gain over six months, adding $2 billion to Warren Buffett’s wealth. Buffett’s fortune stood at over $153 billion, ranking 10th globally.

These examples show that when a company’s stock price goes up, the net worth of its major shareholders can grow instantly. Share price movements are a direct way to increase personal wealth for investors like Vuong and Buffett.

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