Inflation fears should have inspired a run on gold, but the asset may have lost its relevance
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing
So far, the minister of health can be commended on his visible, open approach to keeping in touch with citizens during the pandemic
Bubbles and risks notwithstanding, South Africa is going crazy over cryptocurrencies old and new
Allegations of earnings manipulations, uncontrolled acquisition sprees and tax fraud are just the tip of the iceberg for the retail holding company
By
Despite repeated warnings of risk, investors are riding an exhilarating wave for all it’s worth
Berkshire Hathaway stocks have begun to sag after trading at near record highs at the start of Warren Buffett’s 50th year at the helm.
The Howard G Buffett Foundation has donated R255-million to fight poaching in the Kruger National Park.
Berkshire Hathaway chief executive Warren Buffett has revealed he has stage one prostate cancer, adding his condition was not life-threatening.
Obama proposal is a symbol of the efforts the president and Democrats are making to portray themselves as champions of economic fairness.
Mexico telecoms czar Carlos Slim has topped the <i>Forbes</i> annual world’s richest list, sporting a $69-billion fortune that outpaced Bill Gates.
Warren Buffett has thrown a lifeline to the Bank of America, nnouncing he would invest $5-billion in the beleaguered United States banking giant.
Asian stock markets were unsteady as investors waited to see whetherBen Bernanke would promise new steps to help the US economy ward off a double-dip.
Aside from the amounts of money involved, the super-rich face the same problems we all do. So what, if anything, can we learn from wealthy families?
Goldman Sachs Group posted a 72% decline in quarterly earnings, and the bank warned there were fewer opportunities to make money.
Warren Buffett is fond of newspapers but the investor warned shareholders of his Berkshire Hathaway that the reeling industry may never recover.
Dillon Davie looks into <i>The Snowball: Warren Buffett and the Business of Life</i> by Alice Schroeder.
Wall Street headed for a big drop on Monday, one that could hurl the Dow Jones industrials below 7 000, after AIG posted a ,7-billion loss.
Bold, comprehensive and at times surprising, the UK’s bail-out plan for partial nationalisation is just what the system needed, writes Will Hutton.
No image available
/ 24 September 2008
World stocks steadied on Wednesday and safe-haven government bonds rose after Warren Buffett’s investment in Goldman Sachs failed to calm anxiety.
No image available
/ 18 September 2008
Microsoft founder Bill Gates has recovered his spot at the top of the United States money heap, Forbes magazine’s latest list reveals.
Record high oil prices at a barrel deepened worries about inflation on Thursday and weighed on some Asian stocks although Japanese shares ended slightly higher, as dealers trimmed their bets on further weakness. The dollar trudged higher against the euro after earlier hitting a one-month low after the Federal Reserve slashed its United States 2008 growth forecast
The ”American dream” of unashamed wealth and the opportunity for all to acquire it has reached a crisis point before: in the Depression, the oil shock, in the ”greed is good” Eighties and the madness of the dotcom bubble. But America’s relationship with wealth — uncomfortable as it has sometimes been — has always been built on the same foundation.
Three South African names appear on this year’s Forbes World Billionaires list, released late on Wednesday. The names include Nicky Oppenheimer, Anton Rupert and mining magnate Patrice Motsepe — this country’s first black billionaire. Nicholas Oppenheimer is placed 173rd on the list, while Rupert is in 284th place and Motsepe is at number 503.
It must count among the world’s most genial rivalries. Two of the planet’s richest men regularly play epic games of online bridge and collaborate over handing out their billions. But Warren Buffett has unseated his friend, Bill Gates, to become the wealthiest individual on the globe.
No image available
/ 13 February 2008
South African stocks were slightly lower at midday on Wednesday as heavily weighted miners continue to falter on falling metal prices, while other investors refrained from making any large moves ahead of Wall Street opening. At midday, the broader all-share index had was off 0,18% at 28 533,810.