Warren Buffett’s wealth took a dive this past year, losing $10 billion in value on his shares in Berkshire Hathaway. At least he’s not alone. More than three-quarters of Forbes’s annual list of the 400 richest Americans lost wealth in the past year.
Buffett tosses around easy catchphrases: “Be fearful when others are greedy, and be greedy when others are fearful.” Easy to say when you’ve got $3 billion to lose on General Electric, Mr. Buffett.
Clustered right behind Buffett, Bill Gates, and Larry Ellison are four members of Wal-mart’s Walton family that I’ll bet you can’t name. Internet fans will need to scroll down to the #11 spot to find the topmost Web 2.0 geeks on the list: Larry and Sergey from Google, pictured here in happier days before the money made everyone act weird around them. The pair have become puzzlingly aloof since they got rich. Are they building a faster-than-light drive or what? Because hey, I could really help with that.
[Photo: Michael Buckner/Getty Images]
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