Forbes Newest Rich List

[zengrifter]

Bill Gates America's richest for 14th year in a row

Thu Sep 20, 2007 7:39pm EDT
By Michelle Nichols

NEW YORK (Reuters) - Microsoft founder Bill Gates is the richest person in America for the 14th year in a row, followed by investor Warren Buffett, according to Forbes magazine's latest list of the wealthiest Americans.
The pair's fortunes each grew by $6 billion in the past year, Forbes said on Thursday, with Gates' fortune $59 billion and Buffett $52 billion.

Buffett has pledged 85 percent of his net worth to the Bill and Melinda Gates Foundation and family charities.

Casino magnate Sheldon Adelson ($28 billion), head of Las Vegas Sands Corp, and software tycoon Larry Ellison ($26 billion), chief executive of Oracle Corp, remain at No. 3 and No. 4 on the 25th annual ranking of 400 rich Americans, which now requires a minimum net worth of $1.3 billion for inclusion.

...more - http://www.reuters.com/article/peopl...41143920070920

[Brutus]

Buffett has pledged 85 percent of his net worth to the Bill and Melinda Gates Foundation and family charities.

I dont get that at all.

seriously, will someone explain this trend.

I would like to be the one to sell him on the idea of "Next Life Estate Planning".

[zengrifter]

Originally Posted by Brutus

I dont get that at all. (Buffet donating his billions to Gates Foundation) seriously, will someone explain this trend.

See - The Gates and Buffet Charity Shell Game

[aslan]

Originally Posted by zengrifter

See - The Gates and Buffet Charity Shell Game

It may or may not be the best way to help the poor [the author thinks not], but it does create a win-win outcome. Both the poor and Gates/Buffet get something. It's better than nothing, or is it? You be the judge.