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Who Got Rich This Week: A Garment District Veteran, An International Baby Formula Producer And More

Forbes Saturday 8th June, 2013

Warren Buffett made $1.06 billion on Friday. Each week at Forbes we scan our database of corporate insiders to see who got richer from the action in the stock market. American equities were poised to log their third straight week of loses before Friday's jobs report salvaged the week for the bulls. The unemployment rate rose from 7.5% in April to 7.6% in May, which sent the Dow nearly 1.5% higher on the session. The data revealed that the economy, and the labor market in particular, is not yet on a stable path to recovery, which made traders confident that the Federal Reserve will stick to i...


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