Millionaires plan to leave the majority of their wealth to their kids, giving less than 10 percent to charity, according to CNBC Millionaire Survey.» Read More
Here's the thing about technology and the technology industry: pioneers and visionaries like Microsoft, Intel, Sony and so many others didn't make their fortunes focused on today and tomorrow. They're all about the future, which is particularly important in today's current economic climate.
Warren Buffett is number one on Business Week's just-released ranking of American philanthropists. Buffett's pledge two years ago to donate the bulk of his huge fortune to charity over a number of years puts him at the top of the list with $40.655 billion given or pledged between 2004 and 2008.
In this Web Extra the traders talk steel and pharma stocks while also paying some attention to the Fed meeting, housing numbers, and delivering a message to Bill Gates.
Warren Buffett is the nation's most generous billionaire, according to a new ranking by Condé Nast's Portfolio Magazine.
The credit crunch has meant tight money, so "Philanthropy is getting slammed," says Portfolio magazine editor in chief Monday Joanne Lipman told CNBC. "All the banks are major donors," she adds, citing Merrill Lynch as well as insurer AIG.
Just weeks after losing his title of "America's Richest Billionaire," Warren Buffett is number one again. Forbes Magazine is out with a September update to its Forbes 400 list of the richest people in the United States. October may be another story.
After six months as the reigning "World's Richest Billionaire," Warren Buffett has lost his title, and a few billion dollars. The Forbes 400 list of the richest Americans has just been released, and Buffett's friend Bill Gates, the former Microsoft Chairman, is at the top of the rankings, with an estimated net worth of $57 billion. That tops Buffett's $50 billion, although he's still number two out of 400 on the Forbes list of the nation's super-rich.
As oil sand stocks continue to rally in the wake of Monday's visit by Warren Buffett and Bill Gates to northeastern Alberta, we may have a "clue" to an Omaha connection for the tour.
Warren Buffett and Bill Gates sparked some speculation and discussion with their visit to Canada's oil sands region, but there's no hard evidence that they have actually invested, or will invest, in the energy source that some see as an alternative to U.S. reliance on Middle Eastern oil. Even so, shares of Canadian Natural rallied today by just over seven percent to close at $82.91 in New York.
Warren Buffett and Bill Gates flew into northeastern Alberta, Canada, yesterday (Monday) for a "quiet" visit to a multi-billion dollar project that, in effect, extracts oil from rocks. The Calgary Herald reports on its website tonight (Tuesday) that Buffett and Gates were impressed by their tour of the Canadian Natural Resources Horizon oil sands development north of the small, but booming, city of Fort McMurray, roughly 1600 miles northwest from Omaha.
Billionaire investor Carl Icahn reported that he had increased his stake in Motorola to 144.1 million shares from 115.6 million shares the prior quarter. Meanwhile, George Soros raised his stake in Wall Street firm Lehman Brothers to 9.5 million shares.
The Federal Reserve's decision to hold the line on interest rates was the only move the central bank could make considering the state of the US economy, PIMCO chief Bill Gross said on CNBC.
I got an email from Suzy Welch who is spending the summer writing her upcoming book, “10-10-10: Transform Your Life with Clear, Considered, Stress-Free Choices”. The book is being published by Scribner (an imprint of Simon & Schuster) and will be ready next spring.
Warren Buffett's annual gift to the Bill and Melinda Gates Foundation of Berkshire Hathaway stock is worth just over $1.8 billion this year, about two percent more than last year's donation.
Today's the day. Well sort of. Bill Gates will retire from Microsoft, kind of. He's leaving the day-to-day responsibilities to others. But not really.
Anthony Weiner is sponsoring a bill that gives models “of distinguished merit and ability” their own visa classification (P-4 status) which would group them with entertainers and athletes.
Gates and Ballmer started with a trip down memory lane, talking about one of the tech industry's most enduring and successful relationships, stretching back 28 years. And it was an opportunity Ballmer almost missed out, thanks to the subtle recruitment strategy by Gates.
So here’s the deal from the insiders I’ve talked to. All these leagues obviously have the right to reject any candidate they want, but there’s a number where it could be hard to consider anything but selling the team to a foreign owner.
Warren Buffett revealed during his Swiss news conference today that he broke his toe last week during a visit to the home of his "extremely good friend" Bill Gates. And, he quipped, if his lawsuit against Gates is successful, he'll be able to increase his lead over the Microsoft chairman as the world's richest man on the Forbes list of global billionaires.
Microsoft co-founder Bill Gates said on Friday he expected the new version of Windows operating software, code-named Windows 7, to be released "sometime in the next year or so."