Wall Street Folly

• TARP Panel Finds Fault With GMAC Bailouts
• Citicorp eyes $20bn profit
• Geithner warns of rift on EU regulation
• Mexico’s Slim becomes ‘world’s richest’ person
• Forbes: The World’s Billionaires
• Court finds former partner of Cazenove guilty on five counts of insider dealing
• Nomura Departures Rise as Former Lehman Bankers Leave Read the rest of this entry »

Tags: Bailouts, Bill Gates, Billionaires, Carlos Slim Helu, Cazenove, Citigroup, GMAC, Insider Trading, Lehman Brothers, Nomura, Revolving Door, TARP, U.S.. Treasury, UK, Vikram Pandit; Tim Geithner, Warren Buffett, Wealth

Tags: Bill Gates, Charlie Rose, Videos

From the CES show: Featuring Bill Gates, Brian Williams, Jay, Bono, Steven Spielberg, Jon Stuart, Hillary Clinton, Barack Obama, Al Gore, and from Microsoft: Steve Ballmer, Christine White, Lisa Brummell, Robbie Bach, Kevin Turner, Ray Ozzie, and Craig Mundie. (Around 8 minutes)

Tags: Bill Gates, Microsoft

Warren Buffett is another year older today — 77 years young.

Happy Birthday!

Tags: Bill Gates, Birthdays

The Speechmaker: How Bill Gates Got Ready for Harvard Boom Aside, Not All LBOs Look So Hot

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Tags: Bill Gates, Harvard, LBO / MBO, Philanthropy

Hedge fundraising Billionaire pledges $100M to university Bill and Melinda Gates Foundation donates $100 million to U of Washington

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Tags: Bill Gates, Endowments, Hedge funds, Philanthropy

It’s Carlos Slim by a nose (after Bill Gates):  Warren Buffett isn’t the 2nd richest man in the world any more.  Mexico’s Carlos Slim Helu has nudged him out with $53.1 billion to Buffett’s $52.4 billion.  And he’s catching up fast to Bill Gates who’s got $56 billion.  According to Forbes:

Slim added $4 billion to his fortune in the two months since we locked in net worths for our annual billionaires rankings. His second-largest holding, Carso Global Telecom, which controls ubiquitous fixed-line operator Telmex, has jumped 15% in that time. His biggest holding, wireless operator America Movil is up 4% since it announced earlier this month that it was in talks to buy a third of Olimpia, the holding company that controls Telecom Italia. By contrast, Buffett’s Berkshire Hathaway shares have slipped slightly.

Carlos Slim Helu Now World’s Second-Richest Man - Forbes

Tags: Bill Gates

So have those singing lessons paid off?:  A 1997 Time Magazine article talked about how Melinda Gates was helping to broaden her husband’s horizons — by taking singing lessons together. (And she planned parties that included karaoke.)  It seems that he may have gotten to put those lessons to the test recently, where after a performance by Christina Milian at a party thrown by an unnamed billionaire for 15 people (including U2), Bill Gates grabbed the mike and belted out "My Way".   He also boogied during her performance….

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Tags: Bill Gates