Warren Buffet and Bill GatesForbes just released it’s “World’s Billionare” list.   Guess who is ranked #1 this year?  If you guessed Bill Gates, you would have been right in previous years.

The first place honor belongs to Warren Buffet.  Buffet’s fortune, according to Forbes, has swelled to $62 billion thanks to the performance of Berkshire Hathaway stock.  I salute Mr. Buffet considering he is giving most of his wealth to non-profit and charitable organizations.

Speaking of Berkshire Hathaway, the company released it’s 2007 annual report.   Buffet’s letter to shareholders is a definite must read for any entrepreneur or investor.