The Giving Pledge urges wealthy individuals to give the majority of their money to charities of their choice.
Warren Buffett says he and Bill Gates have pledges from 40 of America’s wealthiest individuals and families to give away at least half their fortunes to charity.
Continue reading… “40 of America’s Billionaires Pledge to Give Half of Their Fortunes to Charity”
Carlos Slim Helu becomes world’s wealthiest man
The world has a new richest man for the third time in three years, . Riding surging prices of his various telecom holdings, including giant mobile outfit America Movil (AMX), Mexican tycoon Carlos Slim Helu has beaten out Americans Bill Gates and Warren Buffett to become the wealthiest person on earth and nab the top spot on the 2010 Forbes list of the World’s Billionaires.
Continue reading… “Carlos Slim Helu Becomes World’s Richest Man Pulling Ahead of Bill Gates”
A Chinese investment fund manager won the chance to have lunch with billionaire Warren Buffett by bidding $2.1 million in the most expensive charity auction ever held on eBay.
Zhao Danyang of the Hong Kong-based Pureheart China Growth Investment Fund won the auction, which ended Friday evening with a bid of $2,110,100.
Continue reading… “Chinese Investor Pays $2.1M to Eat with Warren Buffett”
The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investor Warren Buffett said in an interview published in German magazine Der Spiegel on Saturday.
He said the United States was “already in recession” and added: “Perhaps not in the sense that economists would define it” with two consecutive quarters of negative growth.
“But the people are already feeling the effects,” said Buffett, the world’s richest man. “It will be deeper and last longer than many think.”
Continue reading… “Warren Buffett Sees “Long, Deep” U.S. Recession”
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