Warren Buffett Is Now Grooming Kiddie Entrepreneurs

By
NEW YORK, NY - SEPTEMBER 30: Berkshire Hathaway Inc. Chairman and CEO Warren E. Buffett smiles at the New York Stock Exchange before ringing the opening bell on September 30, 2011 in New York City. U.S. President Barack Obama's new plan for a higher tax rate for millionaires has been dubbed the "Buffett Rule" in reference to the billionaire investor, who supports the plan. (Photo by Mario Tama/Getty Images) Photo: Mario Tama/2011 Getty Images

If you didn't already know, billionaire and class traitor Warren Buffett has his own online financial literacy cartoon — the Secret Millionaires Club — which is sponsoring a competition for budding 7- to 16-year-old business tycoons. A group of the finalists will actually have the opportunity to pitch their business ideas to the Sage of Omaha next month. Start-up capital is just $5,000 for the grand winner, which is at least enough for one lucky kid to corner this summer's lemonade-stand business.