Monday, 26 March 2012

3.Warren Buffett

Warren Buffett

Net Worth
$44 B As of March 2012
At a Glance
  • CEO, Berkshire Hathaway
  • Age: 81
  • Source of Wealth: Berkshire Hathaway, self-made
  • Residence: Omaha, NE
  • Country of Citizenship: United States
  • Education: Bachelor of Arts / Science, University of Nebraska Lincoln; Master of Science, Columbia University
  • Marital Status: Widowed, Remarried
  • Children: 3
Forbes Lists
Who will replace the Oracle of Omaha at the helm of Berkshire Hathaway? Warren Buffett announced in February he'd finally made the decision, but he wouldn't give a name. In December, he chose his farmer son, Howard, as the future non-executive chairman and "guardian of the firm's values." New Senate legislation requiring the rich to pay at least a 30% tax rate has been dubbed the "Buffett Rule" in homage to the billionaire's frequent public statements that the wealthiest should pay more than the average Joe. His net worth is down $6 billion year on year because of a 7% slump in Berkshire's stock. In his latest annual letter he confessed to some mistakes, including being "dead wrong" about a housing comeback. The son of Nebraska stockbroker met value investor Benjamin Graham while studying economics at Columbia. Buffett took over textile firm Berkshire Hathaway in 1965.

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