Warren Buffett is now the richest man in the world!!!

[joeshell383]

After 13 years as the wealthiest person in the world, Microsoft's co-founder drops to third place, behind the Oracle of Omaha and Mexico's Carlos Slim Helú. Buffett and Gates are the only Americans in the top 10.

Full Article:

http://articles.moneycentral.msn.com/News/GatesDethronedBuffettIsRichest.aspx?GT1=33009

[gusapple]

For some reason, that one didn't work. Try this one

http://www.reuters.com/article/businessNews/idUSN0564885820080305

[ravenvii]

Whoa, that Mark Zuckerberg or whatever his last name is, is a billionaire?

Seriously? Something like Facebook made him a friggin' billionaire?

Down another notch the American society goes...

[joeshell383]

For some reason, that one didn't work. Try this one

http://www.reuters.com/article/businessNews/idUSN0564885820080305

Should work now.

[dukebound85]

Whoa, that Mark Zuckerberg or whatever his last name is, is a billionaire?

Seriously? Something like Facebook made him a friggin' billionaire?

Down another notch the American society goes...

i agree quite sad.

[joeshell383]

Whoa, that Mark Zuckerberg or whatever his last name is, is a billionaire?

Seriously? Something like Facebook made him a friggin' billionaire?

Down another notch the American society goes...

i agree quite sad.

First off, it is only an estimate. An estimate based off Microsoft's investment in/valuation of Facebook. Second, it actually shows that growth, innovation and the free market is still strong in the U.S., especially in the all-important tech/online/social networking areas. Third, there is nothing wrong with a great idea. Especially one that brings people together like FB. My day-to-day usage varies but I sure have found a lot of lost friends through it. I would strongly suggest watching the following:

http://www.youtube.com/watch?v=_cEySyEnxvU
http://www.youtube.com/watch?v=1CGF00VIxB8

Also, ravenvii you're on the ******* Internet. Why would you say "or whatever his name is" when you can easily check it?

[dukebound85]

First off, it is only an estimate. An estimate based off Microsoft's investment/valuation of Facebook. Second, it actually shows that growth, innovation and the free market is still strong in the U.S., especially in the all-important tech/online/social networking areas. Third, there is nothing wrong with a great idea. Especially one that brings people together like FB. My day-to-day usage varies but I sure have found a lot of lost friends through it. I would strongly suggest watching the following:

http://www.youtube.com/watch?v=_cEySyEnxvU
http://www.youtube.com/watch?v=1CGF00VIxB8

Also, ravenvii you're on the ******* Internet. Why would you say "or whatever his name is" when you can easily check it?

calm down. we are only in awe that a social networking site can make someone a billionaire is all

[Abstract]

Whoa, that Mark Zuckerberg or whatever his last name is, is a billionaire?

Seriously? Something like Facebook made him a friggin' billionaire?


I'm just surprised he's worth that much. How does he even make money off the site is a mystery. The advertisements don't appear to be successful like they are on other webpages, and he refuses to sell FaceBook until he gets some crazy amount of money, like $15 Billion or something. I didn't think he'd be a billionaire until he sold FB, but I guess I'm wrong.

[joeshell383]

I didn't think he'd be a billionaire until he sold FB, but I guess I'm wrong.

That's the point. He's valued at $1.5 billion because of Facebook's estimated value. Bill Gates doesn't have $58 billion in cash, they estimate he is worth that much based on the current value of his stock holdings. In fact, he may be worth more, but Fortune magazine uses public information (like how much stock he owns, as the information on holdings of institutions that own large amounts of shares must be publicly available) to determine his worth.

[Counterfit]

Do we really need a new thread every time the person at the top changes? It's usually the same 3-4 people anyway.

[obeygiant]

Yeah, I wish I owned just one share of BRK.A (http://money.cnn.com/quote/quote.html?symb=BRK.A&time=5dy).

[ErikCLDR]

Aw poor Billy Boy. Now he's #2, as he will be with OS's in a few years (in terms of market share)

[Gasu E.]

Aw poor Billy Boy. Now he's #2, as he will be with OS's in a few years (in terms of market share)

I hope Mac OS is not #1. I would not welcome the attention from the virus developers. 20% would be quite enough to keep the worthwhile software developers interested while keeping the viralators focused on #1.

[wordmunger]

Aw poor Billy Boy. Now he's #2, as he will be with OS's in a few years (in terms of market share)

Gates is actually number 3 now. But I wouldn't shame him at all for that: he's been giving away vast swaths of his fortune. Buffett will also soon be moving down on the list since he's gradually giving his fortune away too. Let's hope that if Apple moves to #1 in OS market share, Jobs will be equally generous.

[Abstract]

Let's hope that if Apple moves to #1 in OS market share, Jobs will be equally generous.

Doubt it. It's not Jobsy's style. He regularly parks in handicap parking spots in his Mercedes SL.....which has no licence plate. I highly doubt he's going to just start caring about people.

[Sirus The Virus]

Warren Buffett also plays the ukulele!
Awesome! (http://www.youtube.com/watch?v=A0eEuDAtu2Q)

[iMpathetic]

Kinda random, but my mom's good friends with Warren's sister Doris....

I think I met Doris when I was little.

[it5five]

Yeah, I wish I owned just one share of BRK.A (http://money.cnn.com/quote/quote.html?symb=BRK.A&time=5dy).

I'll split a share with you. ;)