Warren Buffett, a billionaire investor and the second richest man in the world with a personal fortune of more than $46 billion, went broke in a charity poker tournament Thursday night.
In less than 45 minutes, Buffett, the chair-person and chief executive of Berkshire Hathaway Inc. and an enthusiastic Bridge player, lost all of his money (tournament money) in a Texas Holdem poker tournament competing against 50 other celebrities and professional poker players.
"It's different than bridge," Buffett said. "I was confused. I thought the low score won."
The tournament celebrated a recent US$5 million renovation of retailer Borsheims, which is owned by Berkshire Hathaway. Donations from the event benefited the Nebraska Make-a-Wish program.
The players included Olympic swimmer Michael Phelps and professional poker players David Williams, Evelyn Ng and Michael Mizrachi, which competed for a US$3,500 watch featured in the new James Bond movie Casino Royale. The tournament was won by an amateur player from Omaha.
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