Image by Alessio Jacona from Rome, Italy - Mark Zuckerberg, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=72121838 Frugality or thriftiness might not be words commonly associated with the ultra-wealthy, yet a small subset of the world’s richest people are well-known for their penny-pinching habits. Arguably, it is this characteristic that has enabled them such huge financial success in […]
At the last count, Berkshire Hathaway owned 152 million shares of American Express, giving the company a 19% stake. American Express’ stock price has rocketed this year, raising the value of Berkshire Hathaway's position to $26 billion, up from $18 billion at the start of 2021. This year, the financial services group has been one […]
Warren Buffett’s multi-billion dollar company will receive a $1.3 billion refund on the proposed purchase of Questar Pipelines. The deal would also have included a $430 million of Dominion Energy’s debt when the deal was announced last year. Dominion Energy has said it still plans to sell Questar Pipelines and will seek out another suitable buyer […]
In a statement released on June 23, the 90-year old billionaire said: “Society has a use for my money; I don't." Within the statement, he also announced he would be stepping down as a trustee of the Bill and Melinda Gates Foundation. This latest $4.1 billion donation takes Mr Buffett half of the way to […]
Bill Gates Gates admitted that he had been obsessed with computers since he was 13. “I mean, then I became hardcore. It was day and night.” His parents were worried about him: “Although he was only in the ninth grade, he already seemed obsessed with the computer, ignoring everything else, staying out all night.” In […]
These are the words of Charlie Munger, the ingenious investor, billionaire and for decades the closest confidant of Warren Buffett. Munger is a very smart and well-read man. Unlike more than 99.9% of the population, Munger can rightly claim to know what he is talking about on most topics. He reportedly reads a book every […]
With 2018 behind us, it feels like so long ago that some of the year’s biggest stories have gone by and faded into obscurity—though some have had such a piercing impact that we still feel the rippling effect to this day. As we begin the new year, it’s time to look back over some of […]
There are a number of different ways to run a business, and it takes a careful balance of different factors. Do you lead with your personality? Your sense of management? Honesty and humility, or being brash and bold? Lead with conscientiousness and care, or push the envelope unabashedly for the new and innovative? Whatever your […]
By Louisa Rochford In 2017, a new billionaire was reported every 2 days and the total number of billionaires in the world rose to 2,754. 67% of that figure are self-made, including none other than Jeff Bezos, who has amassed a staggering $150 billion net worth—hardly something to underestimate. He has become a global […]
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