2. Warren Buffett, 81
Company: Berkshire Hathaway
Net worth: $44.7 billion
2011 compensation: $491,925
As chairman and CEO of Berkshire Hathaway, Warren Buffett is the world’s second-richest CEO and the world’s third-richest man. His company’s holdings
include American Express, Coca-Cola, Costco, and Moody’s.
Buffett’s early job as a paperboy in Omaha, Nebraska in the 1940s helped him earn the $5,000 and launched him into the world of value investing and eventually led to the creation of the Berkshire investment empire.
The estimated value of Buffett’s class-A shares in Berkshire Hathaway is about $42.6 billion, while his class-B shares are worth $2.1 billion, according to Wealth-X. Buffett’s Laguna Beach, California home is estimated to be worth $2.7 million but he’s renowned for living in the same house that he bought in Ohama in 1958.
Despite accumulating immense wealth, Buffett pledged in 2006
to gradually give away all of his company stock to philanthropic foundations. In all, he will give away more than 99 percent of his wealth.
Buffett called last August for the U.S government to “stop coddling” the super-rich
and increase their taxes. The move led U.S. President Barrack Obama to propose legislation of a minimum tax rate of 30 percent
on those who earn $1 million or more a year, known as the “Buffett tax”. Buffet, however, came under fire in March after it was revealed that NetJets, a private jet-sharing company owned by Berkshire Hathaway, was sued for $336.3 million by the U.S. government
for unpaid taxes.