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Insurance

Oct 10, 2008

Buffett pips Gates to top new Forbes list: report

(Reuters) - Warren Buffett has overtaken Bill Gates to become the richest American in the Forbes 400 list, Bloomberg said, citing a recalculated list to be published later this month.

The magazine, in its October 27 issue, recalculates the effect of September's financial news on the wealthiest Americans, those who make up its Forbes 400 list, the agency said.

The Berkshire Hathaway Inc chairman added $8 billion to his net worth in a 33-day period, August 29 to October 1, to reach $58 billion, the agency said, citing the magazine.

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