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Just because a guy is frugal, bespectacled and leery of tech stocks doesn't mean he isn't a playa. WARREN BUFFETT, 76, the world's second-richest man, just married ASTRID MENKS, 60, at his daughter's Omaha, Neb., home. That's no big surprise: they have been together for decades. The odd thing is Buffett was married to his first wife until her death in 2004, and she approved of his relationship with Menks (she introduced them). After the 15-min. civil ceremony, the wedding party dined at a seafood place. And, since...

Author: /time Magazine | Title: People: Sep. 11, 2006 | 9/3/2006 | See Source »

...seven predecessors as Nizam were the rulers of Hyderabad, a kingdom in southern India. His grandfather, the seventh Nizam, was believed to be the world's richest man-in 1949 the New York Times estimated his fortune at more than $2 billion. Over seven generations, the jewelry-mad Nizams had built up an unparalleled collection of gems: their pearls alone, the Times reported, would "pave Broadway from Times Square to Columbus Circle." But the Nizams' obsession with stuffing their dank chambers with priceless diamonds and then forgetting all about them seems, in retrospect, like a symptom of a deep-rooted...

Author: /time Magazine | Title: My Kingdom for a Sheep | 8/21/2006 | See Source »

...swag,? are generously handed out to presenters at each of the half-dozen or so major awards ceremonies that take place each year. Typically the bags contain tens of thousands of dollars worth of goods and services donated by companies eager to have celebrities using their products. Even the richest stars snag swag, and who could blame them...

Author: /time Magazine | Title: Even Stars Have to Pay Taxes | 8/17/2006 | See Source »

...city are industrial and drab, and in recent years petty street crime has become so bad that some Hong Kong residents no longer shop there for cheap household goods and knock-off designer clothes. But with per capita GDP of almost $7,500, Shenzhen is among the richest cities in China. Today's downtown is a jumble of traffic-clogged streets, luxury hotels, Hugo Boss and Louis Vuitton stores, and foreign eateries like Pizza Hut and Taco Bell. At the Portofino housing complex on the city's outskirts, golf carts carry residents from their lavish condominiums to the development...

Author: /time Magazine | Title: The Birth and Rebirth of Shenzhen | 8/14/2006 | See Source »

...jail, no bail" tactic relieved activists of financial burden and inspired similar protests. "I guess if we had to do it today ... we'd do it again," he said in 2001. DIED. Yasuo Takei, 76, founder and former chairman of consumer-credit company Takefuji and Japan's second-richest man; in Tokyo. Takei, worth an estimated $5.6 billion, started Takefuji in 1966 with just four employees and grew it into one of Japan's most profitable companies, famously claiming to have slept only two hours a night on his road to success. He resigned in disgrace in 2004 after being...

Author: /time Magazine | Title: Milestones | 8/14/2006 | See Source »

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