"$50.0 billion - iconic investor crowned the world's richest man in march as berkshire hathaway shares ran up 25% between july 2007 and february 2008. berkshire stock has fallen 15% since, erasing $12 billion from oracle of omaha's fortune in 6 months and forcing him to cede the title back to friend and bridge partner bill gates. son of nebraska politician delivered newspapers as a boy. filed first tax return at age 13, claiming $35 deduction for bicycle. studied under value investing guru benjamin graham at columbia. took over textile firm berkshire hathaway 1965. today holding company invested in insurance (geico, general re), jewelry (borsheim's), utilities (midamerican energy (other-otc: mdpwl.pk - news - people )), food (dairy queen, see's candies). also has noncontrolling stak"
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