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NEW YORK, United States (AFP) — Warren Buffett said Wednesday he is resigning as a trustee of the Bill and Melinda Gates Foundation while making a $4.1 billion donation to the organization as well as four others. The 90-year-old business magnate did not give a reason for the resignation, which comes about seven weeks after Bill and Melinda Gates announced their divorce. Buffet, whose wealth is currently estimated by Forbes at $104.4 billion, signaled continued […]
WASHINGTON, United States (AFP) — Billionaire investor Warren Buffett said Thursday that wealthy countries are obliged to take care of victims of the fast-moving global economy who become “roadkill.” Some companies and workers inevitably become obsolete in a changing capitalist economy, and jobs move to other industries, improving quality of life over time, Buffett said at a charity event in Texas. “You do take care of the people that for one reason or another can […]
PARIS, France (AFP) — Amazon chief Jeff Bezos is now the world’s richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second place, according to Forbes magazine’s annual billionaires list published Tuesday. US President Donald Trump’s ranking on the list fell to 766th place from 544th in the last edition, his wealth now being estimated at $3.1 billion, $400 million less than a year ago. Thanks to a 59-percent […]
BEIJING, China (AFP) — The likeness of billionaire Warren Buffett is gracing Cherry Coke cans in China, where the company’s largest investor enjoys a legendary reputation. Coca-Cola announced over the weekend that a grinning cartoon portrait of the American business magnate would adorn cans and bottles of his favorite flavor after it was introduced in the country on March 10. Berkshire Hathaway, Buffett’s investment firm, is Coca-Cola’s biggest shareholder with a 9.3 percent […]
NEBRASKA, United States (Reuters) — U.S. investor Warren Buffett, speaking at a campaign rally for Democratic presidential candidate Hillary Clinton, challenged Republican Donald Trump on Monday (August 01) to release his tax returns. Trump has said he would not release his returns until the Internal Revenue Service has completed an audit. “Now I’ve got news for him, I’m under audit too and I would be delighted to meet him anyplace, anytime, before the election,” said […]
