Forbes Adjusts Billionaire Wealth Rankings to Include Prior Charitable Giving

Forbes recalculated the wealth of the world's richest billionaires by adding back the value of their charitable donations. The exercise produced a True Net Worth ranking that assumes donated shares were retained and cash gifts were invested at market rates. Elon Musk remains the wealthiest person under the adjusted measure at $858 billion. 5 billion in Tesla stock transferred to his foundation.

Gates would rank second with an adjusted net worth of $464 billion, up $356 billion from his current position. The increase reflects Microsoft shares and cash previously given to the Gates Foundation. Warren Buffett would move from ninth to third place with an adjusted net worth of $363 billion. The calculation adds back more than 278,000 Berkshire Hathaway shares donated since 2006.

Page would rank fourth at $284 billion after including stock placed in his foundation. Sergey Brin would place fifth at $278 billion when prior Alphabet share transfers are restored. 8 billion. Dustin Moskovitz and Reed Hastings also move up substantially when their past donations are added back.