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BBC News Item 46
Section 4 · hard · Sentence 1/8
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Warren Edward Buffett is an American investor
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businessman and philanthropist.He is regarded as one of the world's greatest stock market investors,and is the largestshareholder and CEO of Berkshire Hathaway.
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With an estimated net worth of aroundUS $ 62 billion,he was ranked by Forbes as the richest person in the world as of March5,2008.
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Often called the"Oracle of Omaha,"Buffett is noted for his adherence to thevalue investing philosophy and for his personal frugality despite his immense wealth.His 2006 annual salary was about $ 100,000
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which is on the low side of senior executive remuneration in other comparable companies,and when he spent $ 9.7 million ofBerkshire's funds on a business jet in 1989.
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He lives in the same house in the centralDundee neighborhood of Omaha that he bought in 1958 for $ 31,500,today valued ataround $ 700,000.
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In 2006, he announced a plan to give away his fortune to charity.with 83% of it going to the Bill & Melinda Gates Foundation.
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In 2007, Buffett was listedamong Time's 100 Most Influential People in The World.
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