Warren Buffet is ranked number five on the Bloomberg Billionaires Index. The index is a daily ranking of the world’s richest people. The CEO of Berkshire Hathaway is one of two people in the top ten who has seen his net worth rise since January.

Only 24 of the top 100 richest people in the world saw their net worth rise year-to-date through the end of May. Gautam Adani's total net worth is $112 billion and he has gained $2.62 billion. Buffett's Berkshire Hathaway has allocated $7 billion to Occidental.

The conglomerate spent about $41 billion of net purchases during the first quarter. Occidental's stock rose by 100.38% during the past six months and 155.30% in the past year in reaction to reopenings. The conglomerate also added to its Chevron ( (CVX) stake that vaulted the investment into Berkshire’s top four common stock holdings.

Buffett's detractors focus on companies Buffett should have invested in earlier such as Apple. Chevron's recovery was smaller, but the stock gained 43.7% during the past six months and 53.35% in the past year. "Too often people want to try to change their investing style to suit the market. Buffett is true north," professor says.
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