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: Warren Buffett sold half of his Apple stake and now holds $277 billion in T-bills, earning $12-13 billion annually in interest. His move suggests he sees limited value in the current market, with stocks potentially overvalued. Buffett’s recent actions imply he might be anticipating a serious market correction. As good as Treasury bills […]
The post The US Government Is Paying Buffett $13B a Year Right Now appeared first on 24/7 Wall St..

The US Government Is Paying Buffett $13B a Year Right Now

It’s been an eventful couple of weeks, so much so that what I think will ultimately prove one of 2024’s most important revelations largely flew under the radar. That is the revelation that 93-year-old Warren Buffett, whose estimated fortune of $137 billion makes him the fifth-richest person in the US, will no longer give away his fortune on his death to the Gates Foundation, as had long been planned. Instead, it will go to a trust where his three adult children will decide what to do with it.

Warren Buffett’s breakup with the Gates Foundation will hurt the world

New York Post

Billionaire banking executive Jamie Dimon said he supports soaking the rich in order to pay down the national debt.

The CEO of JPMorgan Chase said he backs the so-called “Buffett Rule” that would require anyone who earns more than $1 million annually to pay a minimum effective tax rate of 30% on their income.

Bringing down the debt, which recently surpassed $35.12 trillion, while maintaining robust spending on defense, infrastructure and earned income tax credits is “doable,” Dimon said in an interview with the Public Broadcasting Service on Wednesday.





JPMorgan CEO Jamie Dimon’s No. 2 sees power base eroded by boss’s executive reshuffle:...

Jamie Dimon backs ‘Buffett Rule’ to raise taxes on millionaires to pay national debt

Berkshire Hathaway added to existing positions in five stocks in Q2. One of these stocks offers a great combination of an attractive valuation, a dividend, and strong growth prospects. I can see why this stock is a Buffett favorite. Warren Buffett has been a net seller of stocks for seven...

Warren Buffett Just Bought 7 Stocks. Here's the Best of the Bunch.

While we adhere to strict editorial guidelines, partners on this page also provide us earnings. One of the most successful investors of all time, Warren Buffett, has often talked about his “circle of competence.” He credits much of his success to focusing on a few select sectors of the economy that he understands better than most people.

‘It’s going to be a huge field’: Warren Buffett was once asked which sector he’d choose to be an expert in if he lived another 50 years — here are some of the industry’s top ETFs

MarketRealist

For about three days, he became the world's richest person, outranking the Microsoft founder

Meet the man who was once richer than Bill Gates. Then, he lost $70 billion in one go

The Hollywood Reporter















	Melinda French Gates says there is a new generation of billionaire activists who aren’t really philanthropists.Grimes' Mother Pleads With Elon Musk to End "Withholding" Ex-Couple's Children




	Speaking to The New York Times, the ex-wife of Bill Gates — who recently rocked the philanthropic world when she announced she was leaving the Bill and Melinda Gates Foundation, which has given away nearly $80 billion since it was founded in 2000 by the former spouses — was asked her opinion on a new generation of billionaires that includes Tesla Motors CEO and X Corp. owner Elon Musk, Twitter founder and Square CEO Jack Dorsey, American...

Melinda French Gates Says Elon Musk, Peter Thiel and Other Billionaires Are Not Philanthropists

Apple's stock has returned over 346% in the last five years. The valuation suggests the market expects strong growth to continue. Apple (AAPL 2.48%) has become known for launching products that make a splash. That led to large revenue and profit growth that fueled share price gains, creating a lot of wealth for long-term shareholders. The business has a market capitalization of over $3 trillion, putting it in rarefied company.

If You'd Invested $5,000 in Apple Stock 5 Years Ago, Here's How Much You'd Have Today

USA TODAY

Jeff Bezos, Elon Musk and Bernard Arnault (LVMH) have all traded the crown in recent years. Here's who is the richest person in the world today.

Who is the richest person in the world? See net worths of Elon Musk, Jeff Bezos, more

The duo have a combined net worth of $445 billion

How long before Elon Musk and Jeff Bezos go broke if they spent $1 million a day?

The List

It was love at first laugh for Mackenzie Scott and Jeff Bezos. As she recalled to Vogue in 2013, Scott met her future husband when he interviewed her for a position at a hedge fund company. After getting the job, Scott grew to adore him as she heard the Amazon founder's famous laugh throughout the workday. Soon, Scott took matters into her own hands and asked Bezos to grab a bite with her. The businessman popped the question after about three months of courtship, and they tied the knot shortly thereafter, in September 1993. In the following decade, the happy couple welcomed four children, including their daughter, whom they adopted from China. Then, in January 2019, Bezos took to X, formerly known as Twitter, to announce that they were splitting up after 25 years of marriage.

How Much Money Did Jeff Bezos' Ex Wife Get In Their Divorce?

In an upcoming book about Microsoft cofounder Bill Gates, a reporter is set to air some of the billionaire philanthropist's dirty laundry — including more of his alleged issues with young women in the workplace. As the Daily Mail details per its read of the book penned by New...

Microsoft Reportedly Had to Ban Bill Gates From Being Alone With Interns

Business Insider

Jeff Bezos' latest aircraft is the fourth in his collection, according to JetSpy. The G700 made 28 flights in 39 days, including to Ibiza and Italy.

Jeff Bezos appears to have taken delivery of the newest, most-hyped private jet on the market

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Trailer Empire

Homeownership has long been the bedrock of the American Dream, symbolizing stability, wealth creation, and community investment. Yet, for many Americans, particularly younger generations and first-time buyers, this dream feels increasingly out of reach. Escalating home prices, stagnant wages, and stringent mortgage terms are making it harder than ever to step onto the property ladder. But what if a simple shift in mortgage structure could turn the tide?

The Future of Homeownership: Bridge the Wealth Gap and Sustain the American Dream

Herbie J Pilato

One of the most beloved Hollywood stars in the history of television, in particular, was actress Frances Bavier, who died in 1989 at age 85. The likable actress became best known for her compassionate and nurturing role as Aunt Bee on The Andy Griffith Show (CBS, 1960-1968).

Beloved 'Andy Griffith Show' Actress Frances Bavier ("Aunt Bee"): A Look Back at Her Life and Career

Nicholas Puech, who owned a 5.7% stake in the luxury brand, has claimed he has nothing left in bank.

Hermès heir promised to leave $13 billion fortune to his gardener. Now, the money is gone

Bill Gates's farmland grows potatoes for McDonald's fries, he owns a stake in the Four Seasons, and other facts from a book on Microsoft's cofounder.

Bill Gates's farmland produces McDonald's fries — and 4 other fascinating facts from a new book on the ex-Microsoft CEO

SmartAsset

Most estimates put Musk's net worth somewhere around $230 billion, but it is difficult, if not impossible, to know this number for sure. Some sources suggest that Musk's wealth is higher, with Forbes finding about $236 billion at time of writing. Others get a lower number, with the Washington Post estimating around $203 billion and Fortune […] The post What Is Elon Musk’s Net Worth? appeared first on SmartReads by SmartAsset.

What Is Elon Musk's Net Worth?

Actor Buddy Ebsen, who died at age 95 in 2003, found fame by starring in two of the most popular classic television shows in history: The Beverly Hillbillies (CBS, 1962 to 1971) and Barnaby Jones (CBS, 1973 to 1980). On the Hillbillies, he played former Tennessee country mountain-folk-turned-wealthy Beverly Hills resident Jed Clampett. On Barnaby Jones, he was one of TV's most senior, slyest, health-conscious detectives. Ebsen, however, almost became even more famous for a certain big-screen classic film in which he ultimately did not appear.

'Beverly Hillbillies" Actor Buddy Ebsen Was "Bitter" about not playing the Tin Man in 'Wizard of Oz'

Dropbox co-founder Arash Ferdowsi just filed a $225 million lawsuit against JPMorgan Chase, accusing the financial giant of mismanaging his investment portfolio and squandering hundreds of millions of dollars. The suit alleges JPMorgan Private Wealth Advisors steered Ferdowsi into “complex, low-performing” investments with exorbitant fees, causing over $225 million in...

JPMorgan Chase Sued for $225,000,000 As Dropbox Founder Accuses Lending Giant of Mismanaging Generational Wealth, Charging Millions in Hidden Fees

NewsBreak

How to Become Rich, and 24 Other Insights from Warren Buffett

The investing legend shares the secrets to his success. Warren Buffett is a true genius as he is able to simplify complex ideas into quotes that...

How to Become Rich, and 24 Other Insights from Warren Buffett

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