Wednesday, June 4, 2008

<~GLOBAL RICH LIST EMPOWERED~>

Warren Buffett Biography (Warren Edward Buffett) : Famous American Investor - Stock Market Guru
Famous for : The successful Berkshire Hathaway Company, being one of the richest men in the world, and for being a generous philanthropist.
Buffet details : Born - August 30, 1930 Omaha, Nebraska, USA / Lives - United States of America - Omaha

Business Masters Home Warren Buffett Biography> Warren Buffett Richer than Bill Gates 2008


Biography - Information

Warren Buffett has become the richest man in the world according to the Forbes business magazine which ranks the billionaires of the world each year. The famous stock market investor has long been denied the number position by his friend and bridge playing partner Bill Gates.

Bill Gates held the number one position on the world rich list for the past thirteen years in a row. The Microsoft billionaire didn't see his fortune disappear over the past twelve months, his wealth just didn't grow as quickly as the world's most famous value investor. Mr. Microsoft is still worth an impressive $58 billion, which is an increase of $2 billion over the past year. Gates is now in third place with the richest Mexican Carlos Slim Helu taking second place.

If investors in Microsoft were happier with its bid for the Internet company Yahoo! Gates may still have held onto his number one position on the global rich list. Since Microsoft made a bid for Yahoo! towards the end of January through to the Forbes cutoff date on the 11th of February Microsoft saw its share price head south by 15%, which may have been enough to knock Bill Gates off of his perch.

Warren Buffett's company Berkshire Hathaway has seen its share price increasing despite the turmoil that has hit world share markets over the past 12 months. Buffett saw his personal fortune rise by $10 billion, giving him a net worth of $62 billion.

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Famous Warren Buffett Quotes

Wide diversification is only required when investors do not understand what they are doing.
Warren Buffett - Stock Market - Investing - Knowledge

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Warren Buffett - Stock Market - Long Term Investing



Forbes Rich American List 2006
Review of the United States richest people
according to the Forbes business magazine, 2006

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Forbes Rich List - The Richest Americans in 2006

The four hundred richest Americans have been ranked by the Forbes business magazine for 2006. It is now no longer enough to be just a multi-millionaire to appear on the list, you now have to be a billionaire to qualify. The group of 400 American billionaires increased their collective wealth by an impressive $120 billion, to have a total of $1.25 trillion US dollars!

There's no surprises at the top of the list, with the world's richest man reclaiming his number one position for yet another year. Bill Gates increased his fortune by a couple billion to have an estimated $53 billion this year. After more than 30 years at Microsoft, Gates plans to step aside from most of his responsibilities at the software giant. He announced that in 2008 he will be giving all his attention to the "Bill and Melinda Gates Foundation".

The decision by Bill Gates to devote himself to his foundation may have influenced the decision of his friend and bridge partner to give most of his billions to the Gates Foundation. In June this year Warren Buffett said he would be donating about 85% of his wealth to five different foundations, with the Bill & Melinda Gates Foundation receiving the bulk of it. Buffett remains the second richest man in America, with an impressive increase of $6 billion.

Third richest American is the Las Vegas casino billionaire Sheldon Adelson. Since taking Las Vegas Sands public just a couple years ago, the son of a cabbie has seen his shares rise by 125% and his total fortune balloon to $20.5 billion. His wealth is up $9 billion from last year and he also had the largest gain on the rich 400 list.

The remaining top ten richest Americans includes a list of people familiar with being in the top ten. They were Larry Ellison in fourth with an increase to $19.5 billion, Paul Allen losing a couple positions and a few billion in fifth with $16 billion, the Walton family taking sixth, seventh eighth, and tenth positions, while Michael Dell is in ninth position after losing about $2.5 billion over the past 12 months.

Technology played a major role again with the usual list of tech billionaires like Paul Allen, Larry Ellison, Jeff Bezos, Steve Ballmer and Pierre Omidyar representing tech companies like Ebay, Amazon.com, Microsoft and Oracle.

The youngest on the list were again the Google founders Larry Page with $14 billion and Sergey Brin with $14.1 billion. At just 33 years of age they are the twelfth and thirteenth richest people in the United States. Other youngsters on the list Included Yahoo's Jerry Yang at age 37 in position 140, and eBay's Pierre Omidyar at age 39 in position 32.

This was Forbes 25th year of profiling the richest Americans and the fourth consecutive year of increases in the combined wealth of the 400 wealthiest Americans.

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