Word: buffett
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Even as a small boy in Omaha, Nebraska, Warren Buffett wanted to be very, very rich. His first possession was a nickel-plated money changer that he proudly strapped to his belt. By age five he was selling Chiclets from a stand outside his house. At six he bought a six-pack of Coke for a quarter and hawked the sodas for a nickel apiece. He soon was charting stocks and made his first purchase--three shares of energy company Cities Service preferred stock--at age 11; they rewarded him with a $5 gain. Thus launched, Buffett vowed to become...
...never had to. His latest blockbuster deal came two weeks ago when Walt Disney Co. agreed to pay $19 billion to acquire Capital Cities/ABC. Buffett, whose Berkshire Hathaway holding company is the largest stockholder of Capital Cities/ABC, brokered the buyout and saw the 20 million shares that Berkshire had acquired for $345 million a decade ago surge to a value of $2.3 billion as a result of the deal. The merger raised the value of the investment by $400 million overnight...
...WARREN BUFFETT Mickey Mouse merger boosts his ABC stock $400 million...
Just as corporate executives across America were digesting the idea that a major U.S. company could be infiltrated at the highest level by the FBI another tantalizing aspect to the case emerged. Howard Buffett, ADM vice president for public affairs and son of billionaire investor Warren Buffett, had quit a week earlier, apparently distressed about the investigation and the company's handling...
...more than $10 billion, making him either the richest or the second richest man in America, depending on the closing price of his 141 million shares. He was married last year on the Hawaiian island of Lanai; the wedding was attended by publisher Katharine Graham and fellow billionaire Warren Buffett. He is building a $40 million-plus home on suburban Seattle's Lake Washington, with video "walls" to display an ever changing collection of electronic art, a trampoline room with a 25-ft. vaulted ceiling where he can burn off steam, a 20-car underground garage and a trout stream...