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Out of Our Minds
Thursday, May 04, 2006 10:37 PM
News From the World of Wealth
Kevin Salwen on Money

I couldn't resist the confluence of today's collection of stories on some of the world's wealthiest individuals. The day started with the planet's richest man, Bill Gates, professing that he'd prefer not holding that title of affluence:  "I wish I wasn't. There is nothing good that comes out of that," Gates told CNBC's Donny Deutsch. Later, when asked to name his investing idols, Gates cited the Oracle of Omaha, Warren Buffett.

Well, it turns out that Buffett had his own moment in the news, as he announced he'd be auctioning an autographed Dairy Queen logo ukulele on eBay to raise money for charity. The world's smartest investor likes to strum the little instruments, a la George Harrison or Tiny Tim, and has done so at Berkshire-Hathaway meeting weekends in the past; plus, we know he likes to use eBay for his charity money raising, which he's done before as well (in auctions of lunches with himself).

And finally, the Forbes wealthiest list is coming to a newsstand near you and with it comes the news that Cuban bossman Fidel Castro is worth $900 million!! There's that kind of cash in communism? Who knew?


Max Leibman - 5/9/2006 11:46:23 PM
Of COURSE there's that kind of cash in communism, IF you're the Boss. Everybody's equal, but some people are more equal than others... Bill Gates' response reminds me of something Michael Neill said once: When asked how someone attained the kind of success enjoyed by Jennifer Lopez, he replied, "Well, first of all, I don't think most people would want to"; he made the point that most people wouldn't want photographers capturing their every move, and half the newspapers on the planet reporting on every detail of their personal lives. I think Gates has a similar problem--I'm sure he doesn't mind having the money, but being #1 brings a special kind of spotlight, different from the #2 man not only in degree, but kind.
jerrome - 5/5/2006 8:38:39 AM
Looks like Buffett is having a lot more fun being wealthy than Gates has. Maybe that's a sign of youth vs. experience but loosen up a little Bill!!


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