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Mexico's Slim tops Buffet as No. 2 richest

MEXICO CITY, April 12 (UPI) -- Mexican telecom titan Carlos Slim Helu has quietly slipped ahead of Warren Buffet as the world's second-richest man, Forbes magazine said.

Warren Buffet looks for successor

OMAHA, March 2 (UPI) -- Warren Buffet is looking for a "younger" person to succeed him as Berkshire Hathaway Inc.'s chief investment officer, the 76-year-old U.S. investor says.

Warren Buffet No. 1 charitable donor

WASHINGTON, Feb. 16 (UPI) -- Billionaire investor Warren Buffett was 2006's top U.S. donor to charitable causes, giving $43.5 billion to nonprofit organizations, a survey said Friday.

Berkshire takes on Lloyds' asbestos claims

LONDON, Oct. 20 (UPI) -- Berkshire Hathaway Inc. said Friday it agreed to pay $7 billion for the asbestos claims of Lloyd's of London, the British insurance company.

Berkshire Hathaway buying Russel Corp.

ATLANTA, April 17 (UPI) -- Berkshire Hathaway is buying Atlanta's Russell Corp., which makes athletic gear, for about $594 million in cash.

Coca-Cola has novel way to pay directors

ATLANTA, April 6 (UPI) -- Atlanta-based Coca-Cola Co. plans to tie directors' pay to changes in share price.

Warren Buffet buys big electric utility

DES MOINES, Iowa, May 24 (UPI) -- A unit of Warren Buffet's Berkshire Hathaway said Tuesday it had agreed to a $9.4 billion deal for PacificCorp, a big Northwestern utility.

Jockstrip: The world as we know it

Trash cans could heighten bomb blasts ... Lakshmi Mittal richest in Britain ... Reward offered for Tasmanian tiger ... The world as we know it from UPI.
By United Press International

Lakshmi Mittal richest in Britain

LONDON, April 3 (UPI) -- U.K. steel magnate Lakshmi Mittal saw his wealth quadruple last year, making him the Britain's richest man, according to the Rich List of the Sunday Times.

Bill Gates again tops Forbes richest list

NEW YORK, March 11 (UPI) -- Microsoft founder Bill Gates enters his second decade as the world's richest man as Forbes Magazine releases its annual list of the top 400.

Restoring corporate trust

HOUSTON, Feb. 9 (UPI) -- Among the more embarrassing cartoon strips lampooning corporate CEOs over the last several years was cartoonist Rick McGee's sketch of two burglars breaking int
ARCHIE W. DUNHAM and LES T. CSORBA, Outside View Commentators

Whoever wins, Wall Street wants certainty

WASHINGTON, Nov. 1 (UPI) -- Few things rattle Wall Street more than uncertainties, so a decisive presidential election result by Wednesday morning, regardless of who wins, would make inves
SHIHOKO GOTO, UPI Senior Business Correspondent

Warren Buffet invests in Lloyds of London

LONDON, July 14 (UPI) -- Warren Buffett is backing a plan to consolidate the smaller insurers of Lloyd's of London, the Financial Times reported Wednesday.

Bottom Line: Short on global longs

WASHINGTON, April 9 (UPI) -- Two weeks ago, "Bottom Line" reviewed the internal crises of democracy around the world and found plentiful reason for short-term optimism on global stock marke
GREGORY FOSSEDAL, UPI Columnist

Berkshire Hathaway reports record profits

OMAHA, March 8 (UPI) -- Berkshire Hathaway Inc. reported its highest ever annual profit on Saturday, citing increased profits from higher insurance and reinsurance rates charged by com
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Warren Buffett
President Barack Obama awards the 2010 Presidential Medal of Freedom to Warren Buffet during a ceremony at the White House in Washington on February 15, 2011. UPI/Kevin Dietsch
Wiki

Warren Edward Buffett (pronounced /ˈbʌfɨt/; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is widely regarded as one of the most successful investors in the world. Often introduced as "legendary investor, Warren Buffett", he is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and is the third wealthiest person in the world as of 2011.

Buffett is called the "Oracle of Omaha" or the "Sage of Omaha" and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth. Buffett is also a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation. He also serves as a member of the board of trustees at Grinnell College.

Buffett was born in 1930 in Omaha, Nebraska, the second of three children and only son of U.S. Representative Howard Buffett, a fierce critic of the interventionist New Deal domestic and foreign policy, and his wife Leila (née Stahl). Buffett began his education at Rose Hill Elementary School in Omaha. In 1942, his father was elected to the first of four terms in the United States Congress, and after moving with his family to Washington, D.C., Warren finished elementary school, attended Alice Deal Junior High School, and graduated from Woodrow Wilson High School in 1947, where his senior yearbook picture reads: "likes math; a future stock broker."

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Warren Buffett."
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