I woke up in Milwaukee this morning to see Maria Bartiromo on Morning Joe challenging Michael Moore on the subject of capitalism. Go Maria!! I had to laugh out loud listening to Mr. Moore freaking out about the top 1% of the population owning 99% of the wealth in the country.    Read More

The wealthiest Americans have lost between 20 and 40 percent of their assets over the last year and a half. Michael Sonnenfeldt, founder of Tiger 21, told CNBC how the very rich have reacted.   Read More

Warren Buffett tops the list of the biggest losers among America's richest billionaires, with an estimated $10 billion drop in his personal wealth over the past twelve months. That's the result of Berkshire Hathaway's 20 percent stock decline.  But Buffett's remaining $40 billion is still enough to maintain his number two ranking on the annual Forbes 400 ranking of the country's wealthiest people.    Read More

A fictional version of Warren Buffett assembles a "cadre" of "super-rich" billionaires to "fix" the U.S. government and return "power to the people," in a new book by political candidate and activist Ralph Nader.   Read More

Warren Buffett and his friend Bill Gates reportedly joined with David Rockefeller Sr. to invite a group of the world's richest people to gather in one room earlier this month.  The agenda wasn't world domination. It was making philanthropy more effective.  Among the other well-known, and very wealthy names, attending the meeting on May 5 in New York City: Michael Bloomberg, Peter Peterson, George Soros, Ted Turner, and Oprah Winfrey.    Read More