Warren Buffett Made $1.5 Million Per Hour in '13

[green73]

Warren Buffett gained more wealth than any other U.S. billionaire, adding $37 million a day, according to one study.

Through Dec. 11, Buffett's net worth—at least on paper—shot up by $12.7 billion to $59.1 billion in 2013 from $46.4 billion at the start of the year, according to Wealth-X, the wealth research firm. That works out to a paper gain of $1.5 million an hour.

cont.
http://www.cnbc.com/id/101282625

 

[TaftFan]

I saw a property for sell sign this morning marked Berkshire Hathaway.

 

[mad cow]

I'd like to have the dust offa his money.

 

[Brian4Liberty]

It's good to be a crony.

 

[2young2vote]

The reason these rich people are "for" more taxes on the rich is because they don't have to pay taxes on their investments until they are realized. They can sit there and be holier-than-thou, spouting how great it would be if they get to pay more taxes, while at the same time having their net worth increase by billions.

This is literally no different than the recent Peter Schiff video asking if people would like to donate 15% of their total purchase price directly to the workers. People would say "Oh yeah, yeah, I support workers earning more money, up to $15 per hour" but when asked to put their money where their mouth was they backed off.

 

[Ronin Truth]

Buffett made $37 million a day in 2013

Buffett made $37 million a day in 2013

The billionaire gained $12.7 billion this year -- more wealth than anyone else in the country.


By Robert Frank,
CNBC

Warren Buffett gained more wealth than any other U.S. billionaire, adding $37 million a day, according to one study.

Buffett's net worth -- at least on paper -- shot up by $12.7 billion to $59.1 billion in 2013, up from $46.4 billion at the start of the year, according to Wealth-X, the wealth research firm. That works out to a paper gain of $1.5 million an hour.


Bill Gates is still the richest man in America. But he was the No. 2 gainer in dollar terms this year, with his paper wealth soaring by $11.5 billion to $72.6 billion. Casino tycoon Sheldon Adelson was third, with an $11.4 billion gain to $35.3 billion.

The gains were fueled almost entirely by rising stock prices, which boosted the value of company shares held by founders and corporate chiefs. And the wealth was spread throughout all industries, suggesting that the broad stock market gains have been the chief wealth driver this year -- rather than industry-specific gains in tech, energy or other sectors.

The top 10 billionaire gainers saw their wealth increase by a combined $101.8 billion -- more than the GDP's of Puerto Rico or Slovakia.

Here is the full list:



Top billionaire gainers in 2013

1. Warren Buffett -- $12.7 billion gain to $59.1 billion

2. Bill Gates -- $11.5 billion gain to $72.6 billion

3. Sheldon Adelson -- $11.4 billion gain to $35.3 billion

4. Jeff Bezos -- $11.3 billion gain to $34.4 billion

5. Mark Zuckerberg -- $10.5 billion gain to $24.7 billion

6. Masayoshi Son -- $10.3 billion gain to $19.1 billion

7. Sergey Brin -- $9.3 billion gain to $30 billion

8 .Larry Page -- $9.3 billion gain to $29.9 billion

9. Lui Chee Woo -- $8.3 billion gain to $19.6 billion

10. Carl Icahn -- $7.2 billion gain to $22.1 billion

http://money.msn.com/top-stocks/post--buffett-made-dollar37-million-a-day-in-2013

 

[trey4sports]

Good for him.

 

[Ronin Truth]

I should have bought his stock at $800/share when I had the chance. I figured I'd pick some up on the dip. It never dipped.

 

[RickyJ]

And it will do him no good when he dies. "Making money" is child's play anyway for the elite bankers who have hidden fortunes that make Buffet look like a poverty stricken old man.

 

[Ronin Truth]

And it will do him no good when he dies. "Making money" is child's play anyway for the elite bankers who have hidden fortunes that make Buffet look like a poverty stricken old man.

He's planning to give away 99% of his wealth BEFORE he dies.

 

[Ronin Truth]

The Giving Pledge is a commitment by the world's wealthiest individuals and families to dedicate the majority of their wealth to philanthropy.

http://givingpledge.org/

 

[New York For Paul]

http://money.msn.com/top-stocks/post--buffett-made-dollar37-million-a-day-in-2013

Many government contractors are flipping their businesses for five million to 100 million. It is good to do business with the government. More money in DC than in Silicon Valley in many ways.

 

[ILUVRP]

kobe bryant make 30.5 million/yr ( don't count outside $$ ) , 82 games , 1 hour a game , comes out to be about $373,000 / hour .

not bad for playing a game , but then again playing with money is also a game .

 

[Ronin Truth]

Many government contractors are flipping their businesses for five million to 100 million. It is good to do business with the government. More money in DC than in Silicon Valley in many ways.

It's easier and much more profitable to buy a congresscritter than to satisfy a market need.

 

[matt0611]

It's good to be a crony.

This.

 

[Seraphim]

Likely right back into the gov't hands to repay his fellow cronies. I'll eat crow if it actually ends up in the hands of a productive private charity.

He's planning to give away 99% of his wealth BEFORE he dies.

 

[Occam's Banana]

I saw a property for sell sign this morning marked Berkshire Hathaway.

I wonder if that's a property BH got "on the cheap" due to inheritors' inability to pay estate taxes.
(There's a reason Buffett supports the "death tax" ... it puts money in his own pocket while he's still alive.)

 

[Ronin Truth]

Likely right back into the gov't hands to repay his fellow cronies. I'll eat crow if it actually ends up in the hands of a productive private charity.

http://givingpledge.org/faq.aspx

 

[muh_roads]

Good for him.

Except he did it by diluting your holdings. He is one of the biggest beneficiaries of the bailouts and has seen non-stop success since.