: economic recovery and reform drive faster spending growth". Ahamed shows that a few people can indeed have world-changing power, and that at this level human fallibility can be devastating. "Swiss Re turns to Buffett for new funding". Retrieved June 7, 2010. " Buffett on Facebook and Google: hard to estimate future valu". 77 of the outstanding shares were turned. Schudel, Matt (July 30, 2004). Then, in late 2001, an intricate conspiracy of fraud and insider trading at the very top of the company unraveled, and the 63 billion company declared bankruptcy. Retrieved June 29, 2011. 47 It would turn out to be one of Berkshire's most lucrative investments, and one which it still holds.
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However, he lived solely on his salary of 50,000 per year and his outside investment income. Retrieved September 24, 2008. The two companies also owned several radio stations in the same markets. 132 In 2011, President Barack Obama awarded him the Presidential Medal of Freedom. "The World's Billionaires 2018". 2 Warren Buffett The World's Billionaires 2009".