Last year, the pooled net worth of the 400 richest Americans was $1.5 trillion which this year has increased to $1.7 trillion. At the same time, the average net worth of a Forbes 400 member which last year was $3.8 billion has gone up to $4.2 billion.

The news of Mr. Warren Buffett’s suffering from prostate cancer has troubled many in the region. Moreover, people have also started worrying who will become Buffett’s successor.

Yes, the Chairman and the Chief Executive of Berkshire Hathaway, is suffering from prostate cancer. The news has been confirmed by the chairman himself this week.

It has been reported that the protestors of the ‘Occupy Wall Street’ have been abused by the corporate world. It has emerged that the riches are opposing the movement, “Occupy Wall Street”.

Last year, it was a high profile event when David L. Sokol had attended the annual meeting at Berkshire.

People had been lining up near him for autographs, because they were sure he was going to be the next successor of Warren E. Buffett. There are now speculations being drawn as Mr. Sokol shall not be present at this year’s annual meeting of Berkshire.

In an unexpected move, David Sokol who is the heir-apparent to Warren Buffett has resigned from his position.

He was given the responsibilities of a very important role in billionaire investor's Berkshire Hathaway firm and it was not long time back when he had bought shares in a firm before convincing his boss to buy it out.

In a major buyout, Berkshire Hathaway Inc agreed to buy chemical and lubricant maker Lubrizol Corp for $9 billion in cash.

It is well known that Warren Buffet is America’s second richest man. The stock of his company, Berkshire Hathaway has seen a hooping 20.2 % compound return in last 46 years. This image of his does not mean that Warren Buffet is a good investment advisor.

In the last letter to the company, before he actually take a final call on the terms of service with the company, Berkshire Hathaway Inc, has actually mentioned that there are lots features to be addressed in order to make sure that people have to be aware of all the necessary advantages of the company and there are also many features which have to be understood in the process.

Warren Buffett’s Berkshire Hathaway is faring the bad weather where the company’s second-quarter profit has declined 40 percent. This has largely been because of the derivative bets on equity indexes. The net income of the company fell down to $1.97 billion; or $1,195 a share, from $3.3 billion, or $2,123, in the same period as compared to last year.

Yesterday Warren Buffett backed Moody's Corp. at a hearing, when he was duty-bound by subpoena to testify. This was the second time in the last two months when he defended to holding of his Berkshire Hathaway Inc. against criticism of misleading investors.