Amazingly with all of the roller coaster activity in the economy, Forbes reports that Warren Buffett comes out ahead! Is Warren Buffett Recession Proof? Take a look at the how the richest in the world fared:
NAME Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â AUG.29 NET WORTHÂ Â Â Â Â Â OCT.1 NET WORTH
- Sheldon Adelson                           $15.0 billion                 $11.0 billion
- Charles Ergen                                        8.1                                5.9
- Lawrence Ellison                                  27.0                              25.4
- Carl Icahn                                            12.0                              10.4
- Sergey Brin                                          15.9                               14.4
- Larry Page                                           15.8                                14.3
- Harold Hamm                                      7.0                                   5.5
- Bill Gates                                            57.0                                 55.5
- Michael Dell                                       17.3                                 15.9
- Dan Duncan                                         7.6                                   6.3
- Kirk Kerkorian                                     11.2                                 10.0
- Jeffrey Bezos                                         8.7                                   7.6
- Warren Buffett                                     50.0                                 58.0
So Warren Buffett also appears to have passed up Bill Gates on the list! I don’t know if Warren Buffett is Recession Proof or not, but gaining 8 billion in one of the worst performing months for the stock market is not bad!