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Friday, December 27, 2013

Amassing A Fortune

At a time when millions of people are trying to survive on the equivalent of $2 a day it is worthwhile looking at the immense wealth of the super-rich. 'Warren Buffett spent most of 2013 amassing fortunes of over £23 million a day through investments into food manufacturing giants like Heinz, which he bought earlier this year. The investor topped the Wealth-X 'gainers' list for 2013, having made a staggering £7.7 billion since January to bring his estimated net worth to a cool £36 billion.' (Independent, 25 December) At least the Independent did not insult its readers by claiming he "earned" £23 million a day but used the term "amassing". RD

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