Billionaire investor Warren Buffet has surpassed Bill Gates to be come the world's wealthest person. Buffet's net worth grew by $10 billion over the past 12 months to $62 billion.

Billionaire Warren Buffett's, Berkshire Hathaway has acquired more than 132 million shares of Kraft Food Inc., according to a document filed with the Securities and Exchange Commission Thursday.

The world's second-richest person and most successful investor, Warren Buffett, Chief Executive of Berkshire Hathaway is donating about $37 billion in stock (based on Friday's closing share price) to a charitable foundation...

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