Forbes' latest list of billionaires, which was published on Wednesday, has a few surprises on it. The world has now 1,210 billionaires, with a total net worth of $4.5 trillion. The number of billionaires has doubled in China while Moscow surpasses all other cities in the number of billionaires.
2011 Forbes list of Americas top ten wealthiest men.
Investor George Soros, at 81, has for the first time made the list of the 10 wealthiest Americans, Forbes Magazine reported on Wednesday in the 2011 edition of its annual rich list.
The richest people in America revealed
Facing a recession-weary public and approval ratings hovering in the 40's, President Obama and his team has been successful at one task: Fundraising.
The relationship between President Obama and Warren Buffett has grown as the president is calling on wealthy Americans to pay more in taxes to solve deficit problems.
“Buffett Tax” on Americans earning more than $1 million per year.
Republicans are saying President Barack Obama's unveiling of a $3 trillion long-term deficit reduction plan -- dubbed the Buffett Rule -- that relies upon raising taxes on the wealthiest Americans is political posturing and window dressing.
Although President Obama’s new deficit reduction plan will be portrayed as a tax hike, in reality, it by and large returns the tax code, with a few exceptions, to levels that existed prior to the 2001 Bush income tax cut -- a cut that fundamentally altered the U.S.'s fiscal and economic trajectory. The nation has been trying to recover ever since.
President Barack Obama and Republicans in Congress are digging in to fight the 2012 U.S. election campaign over the budget and taxes, leaving a congressional super committee in political no man's land.
President Barack Obama is expected to make a raft of recommendations for changing tax law on Monday, in addition to his new proposed tax on the rich -- known as the Buffett tax after billionaire Warren Buffett -- which was disclosed on Saturday.
President Barack Obama will unveil a plan to cut the U.S. deficit by about $3 trillion over the next decade with nearly half of the savings coming from tax increases.
President Barack Obama, in a rallying call to his Democratic base, will vow on Monday to veto any cuts in Medicare if Congress fails to raise taxes on corporations and wealthy Americans to curb the U.S. deficit.
President Barack Obama will once-again try to right the nation's fiscal ship of state by proposing a new tax levy for U.S. taxpayers whose income exceeds $1 million per year. Congressional Republicans have already said they're opposed to the levy, but it remains to be seen whether that latter view will hold amid a public that wants upper-income groups to pay more in taxes.
Legendary investor Warren Buffett misses the mark more often than most people realize, but his view, shared by President Barack Obama, that the richest Americans should be taxed at the same rate as middle-class Americans, is on the money.
President Barack Obama will propose a new minimum tax rate for U.S. taxpayers who make more than $1 million to help lower the nation's $1.5 trillion long-term debt, according to media reports. This plan will be adopted from a suggestion made by billionaire investor Warren Buffett.
Reinsurers Allied World Assurance Co Holdings Ltd and Transatlantic Holdings Inc called off their merger on Friday in the face of overwhelming opposition, leaving the fate of Transatlantic uncertain amid two larger, unsolicited offers.
General Electric Co said on Tuesday it would buy back Berkshire Hathaway Inc's preferred stake in the largest U.S. conglomerate, handing back a lifeline it grabbed during the 2008 financial crisis.
Warren Buffett advanced his succession plan on Monday by naming Ted Weschler, a low-profile hedge fund manager who has produced out-sized returns in the last decade, to help manage the investments of Berkshire Hathaway Inc
Berkshire Hathaway Inc expanded its succession plan for Warren Buffett on Monday, saying Virginia fund manager Ted Weschler will join the company to help oversee its investments from early next year.
Jewelry company Richline International, part of billionaire investor Warren Buffett's Berkshire Hathaway, will buy its fifth small Italian jewelry brand as it plans to expand further in Italy.
Jewelry company Richline International, part of billionaire investor Warren Buffett's Berkshire Hathaway , will buy its fifth small Italian jewelry brand as it plans to expand further in Italy.
