Results tagged “warrenbuffett”

Our own Bill Gates signed a pair of cowboy boots for a silent auction Nebraska's Cattleman's Ball, an annual fundraiser for cancer research. Unfortunately, not much cancer research will get done with the amount Bill's boots are going for at the moment: a measly $1.

So much for that 15-year record, Bill. Less than a month ago, we were telling you that Bill Gates had once again topped Forbes' list of wealthiest Americans. As it turns out, a lot changes in a month--especially if you're a multi-billionaire heavily invested in stocks when there is this little thing called a global economic crisis occurring.

Wall Street is a terrific place. If we wanted to be worth more money in desperate circumstances, we'd probably have to come up with more than a rumor. But not when it comes to the stock market.

We guess Forbes went back to measuring rich folks. It was announced today, courtesy of Forbes' annual billionaires list, that Bill Gates is no longer the richest man in the world. The title now belongs to U.S. financier Warren Buffett, who had a very good year in 2007. He saw his wealth jump from an estimated $52 billion to $62 billion. A $10 billion year in the midst of a recession--wow.