WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Enter your email address:

Saturday, October 3, 2009

Buffett on top of Forbes List despite he lost 10 Billion

Warren Buffett Loses $10 Billion But Keeps Runner-Up Ranking in Forbes 400

By: Alex Crippen
Executive Producer

Warren Buffett and Forbes
Warren Buffett tops the list of the biggest losers among America's richest billionaires, with an estimated $10 billion drop in his personal wealth over the past twelve months. That's the result of Berkshire Hathaway's 20 percent stock decline.

But Buffett's remaining $40 billion is still enough to maintain his number two ranking on the just-released annual Forbes 400 ranking of the country's wealthiest people.

Microsoft founder Bill Gates, Buffett's friend and bridge partner, also kept his #1 position, with an estimated $50 billion. That's down $7 billion from last year.
Read the rest of the article :