her daughter after a long legal battle longchamp sale.The two Koch Brothers, who own a giant US industrial conglomerate and have helped bankroll the radical right-wing Tea Party movement, came in joint sixth place, with $34bn apiece.Li Ka-Shing has held onto the eighth position and remains the highest-placed Asian, with $31bn. The Hong Kong-based owner of Hutchison Whampoa and Cheung Kong Holdings is the world's biggest operator of container terminals.
Warren Buffett is to become a top 10 shareholder of Goldman Sachs after he agreed to amend the terms of his 2008 investment in the bank.102008In September 2008, Mr Buffett's Berkshire Hathaway fund invested $5bn in Goldman at 10% interest.In addition to the interest, Berkshire was given the opportunity to buy billions of additional shares in the future.Goldman is now giving Buffett shares for free to limit diluting its stock.In return MBT shoes, the deal means Berkshire does not have to spend billions of dollars up front.Under the 2008 deal, Berkshire had the right - called a warrant - to buy a further 43.5 million shares for $115 each on 1 October this year.The $115 figure compares with Goldman's $147.43 share price in early Tuesday trading.Instead of buying the shares MBT Shoes Australia, Berkshire will now get additional Goldman shares equivalent in value to the difference between $115 and the average closing price of Berkshire's shares for the 10 trading days before 1 October.According to estimates, this will make him the bank's ninth-largest shareholder.Goldman Sachs chief executive Lloyd Blankfein said: We are pleased that Berkshire Hathaway intends to remain a long-term investor in Goldman Sachs.Mr Buffett, one of America's most celebrated investors, last month bought the Heinz food products business for $28bn.The 2008 investment in Goldman came at the height of the global financial crisis.It attracted much media attention, specifically surrounding the generous 10% interest the bank agreed to pay Berkshire.Analysts said this reflected Goldman's need for the funds, and the lack of other potential inve Related articles:

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