Buffett, Bezos, Zuckerberg Earn $12 Billion Gains on Companies' Stock in 2013

Wednesday, 05 Feb 2014 11:19 AM

By Dan Weil

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Some of the country's top CEOs, including Warren Buffett of Berkshire Hathaway, saw their positions in their own companies' stocks rise billions of dollars last year amid the market's torrid rally.

Buffett's position in Berkshire rose by $12.7 billion to end the year at $60 billion. CEO Jeffrey Bezos' stake in Amazon.com surged $12 billion to $33.9 billion, and CEO Mark Zuckerberg's holdings of Facebook jumped $11.9 billion to $23.3 billion, The Wall Street Journal reports.

The 20 executives with the biggest positions in their own companies that are in the Standard & Poor's 500 Index enjoyed paper gains of $80.9 billion in 2013, according to a study by The Journal and FactSet.

Editor’s Note: Retire 10 Years Earlier With These 4 Stocks

The stock market's decline so far this year has taken some of that money back. Buffett's holdings fell $2.8 billion through Monday, but Zuckerberg amassed another $3.4 billion on paper, as Facebook's shares gained 13 percent through Monday, according to The Journal.

As of Tuesday afternoon, the S&P 500 had slid 5 percent so far in 2014. It soared 29.6 percent last year.

When it comes to the market as a whole, "many of the biggest winning stock sectors of 2013 are the largest losers this year," Yale Brock, owner of YH&C Investments in Las Vegas, writes on Advice IQ.

And what does this mean for investors? "Your response to this turn-about should be to ignore the temporary gyrations and analyze these stocks deeply before you buy, sell or hold them," Brock says.

Editor’s Note: Retire 10 Years Earlier With These 4 Stocks

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