Stockpickr

Top Stocks of the Forbes 400 Richest

 

Next on the Stockpickr list is Warren Buffett's Berkshire Hathaway(BRK.A). Buffett is No. 2 on Forbes' wealthiest list, with a net worth of $52 billion.

Berkshire, which already has a significant investment in railroads, recently reported that it purchased more options on Burlington Northern(BNI) for almost 400,000 additional shares.

Berkshire's shares are trading not too far below their all-time high of $120,800, the most expensive shares -- in terms of dollar amount -- in the U.S. The stock has a P/E of 15.

Berkshire is part of Stockpickr's Stocks Over $100 portfolio, a list of such names as Toyota(TM), which has a PEG of 1.4, and MasterCard(MA), with a PEG of 1.7.

The third-wealthiest American, at a measly $28 billion net worth according to Forbes, is Sheldon Adelson, chairman, CEO and treasurer of Las Vegas Sands(LVS), which is working on a large new resort in Macau. The stock has a P/E of 138 and a PEG of 2.4.

Las Vegas Sands is one of the holdings of the Vice Fund, which has generated an average annual return of more than 18%. The Vice Fund also owns Boeing(BA), which has a PEG of 1.3, and International Game Technology(IGT), which has a PEG of 1.9.

To see the rest of the companies connected to the richest 20 Americans, check out the Top Stocks of the Forbes 400 portfolio at Stockpickr.

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for The Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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