Bets Of The Billionaires
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Warren Buffett
Net worth: $50 billion
Residence: Omaha, Neb., United States
Bet: Goldman Sachs
America's second wealthiest man waded into Wall Street Tuesday with a shocking investment in Goldman Sachs. After the collapse of Lehman Brothers and the fire sale of Merrill Lynch to Bank of America, investment banks looked untouchable. Never one for conventional wisdom, Buffett agreed to buy $5 billion of Goldman preferred stock through his Berkshire Hathaway.
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