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Forbes: The World’s Top 10 Billionaires

3. Warren Buffett

Net Worth: $44 billion DOWN
Source: Berkshire Hathaway
Citizenship: USA

Who will replace the Oracle of Omaha at the helm of Berkshire Hathaway? Buffett announced in February he’d finally made the decision, but he wouldn’t give a name. In December he chose his farmer son, Howard, as the future nonexecutive chairman and “guardian of the firm’s values.” New Senate legislation requiring the rich to pay at least a 30% tax rate has been dubbed the “Buffett Rule” in homage to the billionaire’s frequent public statements that the wealthiest should pay more than the average Joe. His net worth is down $6 billion year on year because of a 7% slump in Berkshire’s stock. In his latest annual letter he confessed to some mistakes, including being “dead wrong” about a housing comeback.

(AP Photo/Richard Drew)

More From Forbes:
The World’s Billionaire Women
The World’s Billionaire Newcomers
The World’s Youngest Billionaires The World’s Billionaire Dropoffs




The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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