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Forbes Annual 400 List of The American Elite

Forbes magazine named the 400 richest Americans in the world. Microsoft Corp. founder Bill Gates remains on top. Warren BuffettWarren Buffett of Berkshire Hathaway is top two. Oracle Corp. founder Lawrence EllisonLawrence Ellison is number three. Ellison remained strong amidst adversity as he was not too affected negatively. The descendants of Wal-Mart founder Sam Walton are back on the list getting spots four to seven. The US recession wrecked the profits of the wealthiest Americans. An estimated $300 billion was lost due to the economic crisis. Declining capital and real estate markets were huge dilemmas. Matthew Miller, editor of the Forbes list, mentioned that it was a “bloodbath” for the American elite. The net worth combined declined by 19%, from $1.57 trillion to $1.27 trillion.

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Birla Corp Ltd makes it to Forbes 'Best Under a Billion' list

News Source: NewKerala | about 1 month ago

The fifth annual " Best under a Billion" list comprises the top 200 companies, picked up from more than 25,326 publicly-listed firms with sales of less than US$1 billion in the Asia-Pacific region. The recognition came at a time when Birla...
Schooling on the Internet

News Source: The Globe & Mail | about 1 month ago

For example, Bill Gates has a net worth of about $50-billion (U.S.), which puts him in a position to buy countries like Costa Rica or Bolivia, whose gross domestic products are under $50-billion. Over to Mr. Elfenbein: “Yes, they’re confusing net...
Agency off ers babysitting class

News Source: Community Advocate | about 1 month ago

Westborough Youth and Family Services will be offering a fall session of the American Red Cross Babysitting Certification Course...Students must attend nine hours of instruction and will learn about supervising children, basic first aid and making...
Verisk soars in stock debut, helped by Buffett support

News Source: International Business Times | about 1 month ago

Verisk Analytics Inc, an insurance services firm partly owned by Warren Buffett's Berkshire Hathaway, soared in its first day of trading on Wednesday, and stirred hopes that the appetite for such offerings is warming. Shares of Verisk rose nearly 24...
Layoffs at Forbes ? [Rumormonger]

News Source: Gawker | about 1 month ago

A source close to Forbes tells us another layoff round is imminent, the third this year...Some Forbes ers darkly note that, barring a summer recess, company layoffs have come near the end of this year's financial quarters, with 19 let go from the...
Rich Get Poorer -- US billionaires lose billions this year

News Source: Trinidad Express | about 1 month ago

Rich Get Poorer US billionaires lose billions this year Wednesday, October 7th 2009 Warren Buffett America's super rich are getting poorer. For only the fifth time since 1982, the collective net worth of The Forbes 400, the annual tally of the...