Warren Buffett Watch
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Buffett's Wealth and Fame Hasn't Helped 'Warren' As a Name
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- Warren Buffett to CNBC: Curbing Fed's Independence Could Lead to 'Mischief'
- Warren Buffett to Co-Chair Goldman Sachs Program to Help Small Businesses
- Warren Buffett: 'Reasonable Return is Good Enough' for Long-Haul Railroad Ride
- Warren Buffett's Berkshire Hathaway Almost Doubles Wal-Mart Holdings During Summer
- Warren Buffett's Berkshire Portfolio Snapshot Coming Later Today
- Warren Buffett to CNBC: 'I Haven't Bought American Express In Years'
RSS FEED
MOST SHARED
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Abu Dhabi Will Aid Debt-Fraught Dubai 'Case by Case'
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- Tiger Woods Out of Hospital After Accident
Text Size 
Executive Producer
 |
But Buffett's remaining $40 billion is still enough to maintain his number two ranking on the just-released annual Forbes 400 ranking of the country's wealthiest people.
Microsoft founder Bill Gates, Buffett's friend and bridge partner, also kept his #1 position, with an estimated $50 billion. That's down $7 billion from last year.
They're not alone. Forbes says the collective net worth of the nation's 400 richest fell from $1.57 trillion to $1.27 trillion over the year. It's only the fifth time that's happened.
Forbes puts the substantial, but unrealized, losses in perspective by noting that Buffett's personal wealth dropped by $1.1 million an hour over the year. Gates only lost $800,000 an hour.
 |
Nati Harnik / AP Bill Gates and Warren Buffett share a laugh while answering questions from students at the University of Nebraska-Lincoln's College of Business Administration, in Lincoln, Neb., in 2005. |
It was last year's Forbes 400 ranking that stripped Buffett of his title of the world's richest billionaire, bestowed by the magazine just six months earlier in its March, 2008 ranking of global wealth.
At the time, Buffett joked to us that he passed Gates because he "spends less" and Gates noted that when he and Buffett played golf over the weekend, "He saved money by not buying a golf glove and using Band-Aids instead. It didn't work too well but he saved a few bucks."
Perhaps Buffett is now looking at ways to save a few more bucks to help him catch up.
Current Berkshire stock prices:
 |
Class A: [BRK.A
Loading...
()
]
Class B: [BRK.B
Loading...
()
]
For more Buffett Watch updates follow alexcrippen on Twitter.
Email comments to
Data is a real-time snapshot *Data is delayed at least 15 minutes