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The Biggest Winners and Losers of 2014

The Biggest Winners and Losers of 2014

Following the conclusion of 2014, we reveal the year’s largest financial winners and losers.


 
The biggest gainer of 2014 was Alibaba founder and executive chairman Jack Ma, the former English teacher-turned billionaire entrepreneur. 

 

Ma’s fortune swelled by US$18.5 billion last year to US$29.2 billion, representing an increase of 173%, largely due to Alibaba’s blockbuster IPO in September and the subsequent strong performance of the company’s stock.


 
Legendary investor Warren Buffett, meanwhile, came in second place on the list of this year’s top gainers. The Berkshire Hathaway chairman raked in US$13.5 billion in 2014, a 23% increase from last year, to push his fortune to US$72.6 billion. 

 

The world’s richest man, Bill Gates, saw his net worth grow by US$10.5 billion in 2014 to reach US$83.1 billion, earning him third place on the ranking of this year’s biggest gainers.
 

The individual who lost the most money this year is Russian energy tycoon Leonid Mikhelson. The biggest shareholder of natural gas producer Novatek lost US$7 billion, or 41% of his wealth, in 2014, due to the plummeting Russian currency, weak oil prices and economic sanctions imposed by the West over the Russia-Ukraine conflict. Mikhelson’s fortune now stands at US$10 billion.


 
Below are the biggest winners and losers (in US$ billion) of 2014:

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