The $555 billion decade
leaned from the pages of a book purchased by accident at the University of Nebraska, Warren Buffett's investment philosophy–buy and hold stocks forever–has proven to be one of the best-performing strategies of all time. It has also paid off particularly well this past decade.
The never-ever let go strategy has worked for most of the decade’s other biggest gainers as well, all of whom are at least $40 billion richer than in 2010. Altogether the ten added an astonishing $555 billion to their fortunes. A testament to the longest bull market on record, all are founders or long-term executives, past and present, of public companies that dominated the decade's headlines. Like Buffett, they have largely scored by holding onto massive positions in those firms.
Eight of the ten biggest gainers get 80% or more of their fortune from shares in firms they founded or formerly led. That includes not only Ballmer and Buffett, but also Facebook’s Mark Zuckerberg, LVMH’s Bernard Arnault and Amazon’s Jeff Bezos. Despite going through the most expensive divorce in history, Bezos is also the biggest gainer of all this decade, having added $97.4 billion since 2010. He’s now the richest person in the world, up from number 43 at the start of the decade.
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