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Money winners of 2008: Warren Buffett, briefly the "world's richest man" again

This post is part of our feature on Money Winners of 2008. See all 20.

Well, "my pal Warren" did it again. "The richest man in the world" -- it has a nice ring to it.

Though the moniker did not last throughout the year due to the violent markets, and his significant holdings in insurance, Geico and General RE; banking, US Bancorp (NYSE: USB) and Wells Fargo (NYSE: WFC); and credit card company American Express (NYSE: AXP), which all dropped, he is still viewed as the top investment guru in the world, deserving his title -- the Oracle of Omaha. These are likely only temporary setbacks and he may very well be back on top soon.

Warren Buffett has been alternating places with Microsoft (NASDAQ: MSFT) founder Bill Gates over the past decade. Since Microsoft shares are only down about 35% this year, less than the overall market, and since that remains his largest holding, Gates edged out Buffett at last measure. Although Buffett is notorious for not investing in "tech-stocks," he has stated he did buy 100 shares of Microsoft after he and Gates became friends.

It has been quite a year indeed for Buffett because in all the market turmoil he has remained very active, and he has advised both presidential candidates when asked, though he has supported the Democratic Party and president-elect Barack Obama, who has more actively sought his advice as of late.

Continue reading Money winners of 2008: Warren Buffett, briefly the "world's richest man" again

Money winners of 2008: Tina Fey, writer, producer, actress, superstar

This post is part of our feature on Money Winners of 2008. See all 20.

2008 was Tina Fey's year as the award-winning TV star, writer, and creator of 30 Rock, then completing her first hit movie Baby Mama, followed by a return as SNL's Sarah Palin. Fey is now one of the most sought after people in Hollywood.

Evidence of this can be found in the recent Barbara Walters interview listing her as one of the ten most interesting people of the year as well as the current issue of Vanity Fair.

Sarah Palin was a gold mine for political pundits, tabloids, and comedians alike during her run as the vice presidential sidekick of John McCain, but to none more than Tina Fey, the seven-time Emmy award-winning star and writer. Fey's satiric renditions of Palin brought more publicity to both women then either of them could have hoped for.

Continue reading Money winners of 2008: Tina Fey, writer, producer, actress, superstar

Money winners of 2008: Michael Bloomberg, the man and the brand

This post is part of our feature on Money Winners of 2008. See them all.

In Michael Bloomberg, you're dealing not just with a person, but with a brand.

Bloomberg, of course, in 1982 founded what is now Bloomberg LLP, the firm that runs Bloomberg News, a financial news service that competes with Reuters, Dow Jones, and News Corp. (NYSE: NWS) to provide breaking news, features, data, and analytics, among other products, to financial players worldwide.

Bloomberg ingeniously developed a product that essentially aggregated, summarized, and presented financial market data at a time when financial institutions -- particularly bond market participants -- were ripe for such a product, and along with editor and former Wall Street Journal reporter Matt Winkler, built a financial news empire known for its speed, accuracy, and comprehensive coverage of the markets.

Bloomberg's reward for the above, in monetary terms? About $20 billion in estimated net worth, good for eighth place on Forbes magazine's 400 Richest Americans list.

Continue reading Money winners of 2008: Michael Bloomberg, the man and the brand

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