Miami: Nine more wealthy families and individuals have pledged to give at least half of their fortunes to charity as part of a philanthropic campaign by two of the world's richest men, Warren Buffett and Bill Gates.
The Giving Pledge, which was launched by Gates, the co-founder of Microsoft, and investor Buffett in 2010, said on Tuesday that billionaires joining the campaign included New York-based real estate magnate Stephen Ross.
The announcement came just a few days after Florida lawmakers shot down a bid by Ross's Miami Dolphins NFL team to win tax dollars to help finance a $350 million upgrade of the Sun Life stadium outside Miami.
In addition to Ross, the new group of billionaires taking the pledge included hedge fund manager Paul E. Singer, the founder and president of Elliott Management Corp, and Sara Blakely, the founder of shapewear brand SPANX....
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05:46 AM, May 08, 2013
Warren Buffett accumulates Twitter followers even faster than he makes money. The 82-year-old "Oracle of Omaha" joined the service and sent his first tweet on Thursday, picking up more than 45,000 followers in just under 45 minutes. At the time of posting his followers had surged to about 250,000. "Warren is in the house," Buffett said under the handle "@WarrenBuffett." The handle has now been officially verified by Twitter, but...
12:30 PM, May 03, 2013
A New York court has convicted former Goldman Sachs board member Rajat Gupta of illegally tipping his hedge-fund manager friend Raj Rajaratnam with secrets about the investment bank. ...
10:21 AM, Jun 16, 2012
Mumbai: India's best known stock investor, billionaire Rakesh Jhunjhunwala, doesn't much like the moniker of 'India's Warren Buffett'. "It's not a fitting comparison. In terms of wealth and success and maturity, he's far, far ahead," says Jhunjhunwala in an interview at his office in a prime location in Mumbai overlooking the Arabian Sea. Much like the famed Omaha investor, Jhunjhunwala has made a fortune from some savvy investments - 'Forbes'...
09:18 AM, Jun 15, 2012
New York: Lloyd Blankfein, the Chief Executive of Goldman Sachs Group Inc, told jurors at the insider-trading trial of one of the investment bank's former directors that "all parts" of a 2008 board meeting the two attended were confidential. "If something is discussed in a board meeting, it is confidential," Blankfein said, when asked about a June 2008 board meeting in St Petersburg, Russia, that he and defendant Rajat Gupta...
07:35 AM, Jun 05, 2012
Boston: Berkshire Hathaway Inc Chief Executive Warren Buffett said he has stage 1 prostate cancer but his condition "is not remotely life-threatening or even debilitating in any meaningful way." Buffett, the world's third-richest man, will begin a two-month treatment consisting of daily radiation treatments starting in mid-July, he said in a statement on Tuesday. This will limit his ability to travel during that time, Buffett added. The news from the...
08:32 AM, Apr 18, 2012
Every April, all money roads lead to the Woodstock of capitalists - Berkshire Hathaway's annual conference. Thousands across the world - scores from India - listen to the sermon of the Sage of Omaha: Warren Buffett. The gospel, they hope, will change their lives. Yet, living according to the gospel has been tough for most. Why? Following the form not the function: Buffett looks for companies that grow consistently and...
09:45 AM, Jan 21, 2012
On March 24, 2011, two significant events took place. In the first, millions of Indians sat glued to their televisions as India beat Australia to enter the semi-finals of the cricket World Cup. Sitting in the crowd at the Ahmedabad stadium were many of India's richest businessmen and celebrities. Less than 1,000 km away, in Delhi, the world's second and third richest persons, Bill Gates and Warren Buffett, respectively, were...
01:18 PM, Jan 03, 2012
New York: Bill Gates tops this year's Forbes list of the 400 richest Americans with a net worth calculated at $ 59 billion. Forbes says the Microsoft co-founder saw his wealth increase by $ 5 billion from last year. Investor Warren Buffett ranks second with a fortune of $ 39 billion, though Forbes says the Berkshire Hathaway Inc. chief executive's wealth shrank by $ 6 billion from a year ago....
08:37 AM, Sep 22, 2011
New Delhi: Investing, much like contract bridge, is a loser's game which means that the best performers succeed by minimising their own errors and taking advantage of other people's mistakes. The behaviour of most investors today suggests that risk is not uppermost on their minds. Since future returns are driven by perceived risk, the equity market today is not priced for above average returns during the next 12 months. The...
11:18 AM, Jun 07, 2011
Washington: Rajat Gupta, a former Indian American director of Goldman Sachs Group accused of leaking insider information to Galleon Group founder Raj Rajaratnam, has resigned as an adviser to the Bill & Melinda Gates Foundation. "Rajat Gupta has stepped down from his role on our Global Development advisory panel until these matters are resolved," the Seattle based foundation said in a statement. Gupta, 62, who was chairman of the panel,...
12:03 PM, Mar 29, 2011
Legendary investor Warren Buffet talks about Berkshire Hathway plans for India. ...
07:47 AM, Mar 25, 2011
New York: A former Goldman Sachs Group Inc director accused of leaking confidential boardroom information has sued US regulators, saying they are trying to unfairly deprive him of a jury trial. Rajat Gupta is fighting civil charges that he tipped one-time hedge fund billionaire Raj Rajaratnam, the central figure in a sprawling insider trading case, about Warren Buffett's plans to invest in Goldman Sachs at the height of the financial...
08:42 AM, Mar 19, 2011
New York: Bill Gates didn't lose his title as the world's richest man last year, he gave it away by plowing billions into his charitable foundation, experts say. Forbes will release its 2011 billionaires list on Wednesday and Gates, investor Warren Buffett and last year's richest man, Mexican tycoon Carlos Slim, will almost certainly be in the top three. The trio have topped the list for the past five years....
10:28 AM, Mar 08, 2011
Yale economist Irving Fischer’s comment, "Stock prices have reached what appears to be a permanently high plateau," was prescient in its timing — less than a week ahead of Black Tuesday in 1929. Though few are willing to accept that experts can often be as clueless as a novice in the markets, experts err predictably and often under conditions of uncertainty. The problem of expert failure is a direct outcome...
10:58 AM, Mar 01, 2011
Since beginning on Sunday night, the auction on eBay Inc's website generated 45 bids from eight bidders. ...
11:31 AM, Jun 11, 2010
The winning bidder and up to seven others will dine with Buffett at the Smith & Wollensky steakhouse in New York. ...
12:30 PM, Jun 08, 2010
World's second richest person is betting on the economy. ...
12:05 PM, Nov 13, 2009
Money raised for steak lunch with legendary investor will go to charity. ...
08:23 PM, Jun 27, 2009
