$37 billionInvestments/U.S.78. Widowed, remarried; three childrenLast year America's most beloved investor was the world's richest man. This year he has to settle for second place after losing $25 billion in 12 months.Shares of Berkshire Hathaway down 45% since last March. Injected billions of dollars into Goldman Sachs, General Electric in exchange for preferred stock lastfall; propped up insurance firm Swiss Re in February with $2.6 billion infusion.Admits he made some "dumb" investment mistakes in 2008. Upbeat aboutAmerica's future: "Our economic system has worked extraordinarily well overtime. It has unleashed human potential as no other system has, and it willcontinue to do so." Scoffs at Wall Street's over-reliance on "history-based"models: "If merely looking up past financial data would tell you what the futureholds, the Forbes 400 would consist of librarians." Son of Nebraska politiciandelivered newspapers as a boy. Filed first tax return at age 13, claiming $35deduction for bicycle. Studied under value investing guru Benjamin Graham atColumbia. Took over textile firm Berkshire Hathaway 1965. Today holdingcompany invested in insurance (GEICO, General Re), jewelry (Borsheim's),utilities (MidAmerican Energy), food (Dairy Queen, See's Candies). Also hasnoncontrolling stakes in Anheuser-Busch, Coca-Cola, Wells Fargo.