Stock Market 'Buffets' Bill Gates

Schachter, Ken
October 2008
Red Herring;10/10/2008, p3
Trade Publication
The article reports on the loss suffered by Microsoft Chairman Bill Gates in 2008. "Forbes Magazine," whose Forbes 400 listed Gates as the richest U.S. citizen in late August, states that he lost $1.5 billion between August 29 and October 1, 2008. Because of this, Warren Buffett, chairman and chief executive officer (CEO) of Berkshire Hathaway, emerged as the wealthiest U.S. citizen. Forbes reckoned that Buffett's net worth increased $8 billion to $58 billion.


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