Buffett now richest American; Gates poorer

As if announcing who is rich matters especially at this time when everyone is poor (or feeling poor), a recalculated list by Forbes would name Warren Buffett as richest American in the Forbes 400 list.

The recalculation took into consideration the effect of the economic woes that we are all in. While my pathetic investment is down by 60% and will surely become dust soon, Buffett on the other hand added $8 billion to his net worth from August 29 to October 1 for a total of $58 billion.

How about Bill Gates? He is poorer now by $1.5 billion to $55 billion over the same period as Buffett. He relinquishes the top spot after 15 years.

The magazine is due to come out October 27. Don’t look for my name.