The 2008 TIME 100 Finalists
Read about the leaders, artists, enterpreneurs and thinkers who, in your opinion, deserve a spot on this year's TIME 100 —Scott Brown and Michelle Kung
AGE: 77
OCCUPATION: Chairman of Berkshire Hathaway
NUMBER OF TIME COVERS: 0
PREVIOUS APPEARANCES ON THE TIME 100: 1
PRO: The Oracle from Omaha has surpassed friend Bill Gates as the world's richest man: he's now worth a staggering $62 billion — the vast majority of which will go to charity upon Buffett's death. And the subprime crisis bore out Buffett's year-old prediction that "weakened lending practices" would lead to financial ruin.
CON: Congrats on being right again, Warren! Berkshire Hathaway's earnings are down for the quarter, thanks to a falloff in the insurance market. And Buffett's offer (later rescinded) to re-insure $800 billion of municipal bonds was seen largely as a self-serving gesture.
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