10.01.2009
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| Forbes 400: Poor, poor billionaires
Quote: America's superrich are getting poorer. For only the fifth time since 1982, the collective net worth of The Forbes 400, our annual tally of the nation's richest people, has declined, falling $300 billion in the past 12 months, from $1.57 trillion to $1.27 trillion.
Hurt the most: Warren Buffett, America's second-richest citizen. The Oracle of Omaha dropped $10 billion from his personal balance sheet as shares of Berkshire Hathaway (BRK.A, news, msgs) fell 20% in 12 months. He is now worth $40 billion.
Beating out Buffett for the 16th straight year as America's richest man is Microsoft (MSFT, news, msgs) co-founder Bill Gates. Sluggish Microsoft shares and declining outside investments pushed the software visionary's net worth down $7 billion in 12 months. (Microsoft is the publisher of MSN Money.) | http://articles.moneycentral.msn.com...lionaires.aspx |
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