While Alibaba founder and executive chairman Jack Ma was the biggest financial winner of 2014, according to a new report from research firm Wealth-X, the individual who lost the most money this year is none other than Russian energy tycoon Leonid Mikhelson. Check out the world’s biggest financial gainers and losers of 2014.
While Alibaba founder and executive chairman Jack Ma was the biggest financial winner of 2014, according to a new report from research firm Wealth-X, the individual who lost the most money this year is none other than Russian energy tycoon Leonid Mikhelson. Check out the world’s biggest financial gainers and losers of 2014. Gainers 1. Jack Ma [caption id=“attachment_1854325” align=“alignnone” width=“620”]
 Reuters[/caption] Alibaba founder and executive chairman Jack Ma, was undoubtedly the biggest winner of 2014. The former English teacher-turned billionaire entrepreneur, Ma’s fortune swelled by S$18.5 billion this year to $29.2 billion, representing an increase of 173%. All largely due to Alibaba’s blockbuster IPO in September and the subsequent strong performance of the company’s stock. 2. Warren Buffet
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Legendary investor Warren Buffett came in second place on the Wealth-X 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. 3. Bill Gates
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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 Wealth-X ranking of this year’s biggest gainers. 4. Mark Zuckerberg
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Mark Zuckerberg, ranked fourth on the list as his fortune rose by $8.4 billion to $33.1 billion. 5. Patrick Drahi
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Telecommunications company Altice’s founder Patrick Drahi whose fortune increased by $5.1 billion to $12.9 billion. Losers 1. Leonid Mikhelson
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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. 2. Masayoshi Son
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Masayoshi Son (CEO, Softbank) whose net worth eroded by $5.9 billion to $13.2 billion this year 3. Lui Chee Woo
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Lui Chee Woo who suffered a loss of $5.5 billion in his fortune which stood at $14.1 billion in 2014. 4. Jeff Besos
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Amazon’s Jeff Bezos’ fortune eroded by $5.5 billion to $28.9 billion in 2014. 5. Sheldon Adelson
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Sheldon Adelson lost $5.2 billion of his wealth which now stands at $30.1 billion.
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