The 2009 Motor Trend Power List at Automotive.com
»Locate a Dealer»Find a Used Car»Get Financing

Berkshire Hathaway Incorporated Principal Warren Buffett - 2009 Power List - Features

Below is the Motor Trend magazine article The 2009 Motor Trend Power List read the article, browse photos from the article, or search related articles in the Automotive.com Enthusiast Central.
The 2009 Motor Trend Power List
Warren Buffett Berkshire Hathaway Incorporated Principal

The 2009 Motor Trend Power List


Text Size

2. Warren Buffett
Berkshire Hathaway Incorporated principal

Own 10 percent of China's BYD
Rookie

Who he is: Forbes ranked him the richest person in the world in March 2008, worth $62 billion. Certainly, that dollar amount-and possibly his rank-has dropped like auto sales in the last year.

Everyone has been hit: Even Buffett's Berkshire Hathaway has had credit trouble in recent months.

Why he's here: Berkshire Hathaway's MidAmerican Energy Holdings invested $230 million to buy about 10 percent of BYD Co. Ltd.

Why? Mostly because BYD (Build Your Dreams) is deep into "researching, developing, manufacturing, and selling rechargeable batteries, automobiles, electric automobiles. And related products."

Bear market: BYD builds some of China's cheesiest cars, ripping off Mercedes and Peugeot.

...>>next page

FIND A CAR