Warren Buffett 's personal fortune has declined $7.3 billion in the past year, Forbes said Tuesday — more in dollar terms than anyone else on theForbes 400 list of richest Americans.- Buffett's conglomerate,
Berkshire Hathaway , was down 5% in 2020 when the Forbes 400 was calculated on July 24. Shares have since recovered. - The oil magnate Harold Hamm did lose more than Buffett in percentage terms as fuel prices cratered. His fortune fell by 42%, or $3.7 billion, to $5.1 billion. Other notable losses include that of the Las Vegas Sands' Sheldon Adelson.
- President Donald Trump's net worth also took a coronavirus hit thanks to the declining value of New York real estate, knocking him 77 places down the list.
- Overall, America's 400 wealthiest people are richer than they were before the pandemic. The Forbes 400 added $240 billion to their collective net worth in the past year, raising the total to a record $3.2 trillion.
- Despite his wealth drop — some of which Forbes noted was caused by charitable donations — Buffett still ranked as the fourth-wealthiest person in America on Forbes' list, with an estimated net worth of $73.5 billion.
Warren Buffett has lost more money in the past year than anyone else on Forbes' list of the 400 richest Americans
Taylor Nicole Rogers
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