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Warren Buffett: Billionaire Warren Buffett
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The woes in the U.S. financial sector are "poetic justice" for bankers who designed and sold complex investments that have since gone sour, billionaire investor Warren Buffett said on Wednesday. The head of the Berkshire Hathaway Inc (BRKa.N: Quote, Profile,...
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Warren Buffett's father, Howard Buffett, was a stockbroker, a Republican, and a U.S. Congressman who consistently spoke and voted against what he called President Roosevelt's "big government" plans. The elder Buffett adamantly opposed U.S. membership in the United Nations, and is now remembered as almost a "pure Libertarian". The younger Buffett is a self-made billionaire, a Democrat, and an outspoken advocate of corporate integrity who seems to practice what he preaches.
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Warren Buffett’s estimated $62 billion fortune has landed him the title of richest person on the planet, dethroning Microsoft co-founder Bill Gates. Gates’ worth of $58 billion didn’t even garner him a second place finish as Mexico’s Carlos Slim Helú slipped in above him with $60 billion, leaving Billy in third. American billionaires only made two appearances in the top 10, while India boasted an impressive four uber-rich business tycoons on the list.
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Warren Buffett is the richest man on the planet, dislodging Bill Gates from the top spot after 13 years. In fact, Gates dropped to to the third position in the Forbes 22nd annual tally of the world's billionaires.
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Next, Brokaw touted Buffett: “It is well known that Warren Buffett is a contrary billionaire. Unlike most of his fellow billionaires, he believes that they should be paying a higher tax rate Buffett sees a fundamental injustice that he says touches all Americans.” Buffett insisted: “The taxation system has tilted toward the rich and away from the middle class in the last ten years.” Brokaw cued him up: “In your own office...you pay a much lower tax rate with all of your wealth than, say, a receptionist does.”
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Billionaire Warren Buffett said Monday the economy is essentially in a recession even if it hasn't met the technical definition of one yet. "I would say, by any commonsense definition, we are in a recession," Buffett said.
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Billionaire Warren Buffett