AGE: 78
NET WORTH: $37.0 billion
CITIZENSHIP: United States
RESIDENCE: United States
SOURCE OF WEALTH: Berkshire Hathaway
INDUSTRY: Investments
America's favorite investor up $10 billion in past 12 months on surging Berkshire Hathaway shares; says U.S. has survived economic "Pearl Harbor," but warns recovery will be slow. Shrewdly invested $5 billion in Goldman Sachs and $3 billion in General Electric amid 2008 market collapse.
Recently acquired railroad giant Burlington Northern Santa Fe for $26 billion. "We've put a lot of money to work during the chaos of the last two years. When it's raining gold, reach for a bucket, not a thimble." Berkshire Hathaway book value was up 19.8% to $21.8 billion in 2009. Son of Nebraska stockbroker met value investor Benjamin Graham while studying economics at Columbia.
Took over textile firm Berkshire Hathaway in 1965, used company as a vehicle to invest in insurance (Geico), food (Dairy Queen), utilities (MidAmerican Energy) and recently green tech (electric-car maker BYD).
By: MayorTimo | Forbes.com
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