Also Known As: Warren Edward Buffett Famous As: Business Magnate, Investor, Philanthropist Nationality: American Birthday: August 30, 1930 Age: 87 Years Sun Sign: Virgo Height: 1.78 M Born In: Omaha, Nebraska, U.S. Father: Howard Buffett Mother: Leila Spouse/Ex-Spouse: Astrid Menks (M. 2006), Susan Buffett (M. 1952–2004) Children: Howard Graham Buffett, Peter Buffett, Susan Alice Buffett Personality: ISTJ, ENTJ City, States, Provinces & Districts: Nebraska Net Worth: $75.6 Billion
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As Of Mar 20, 2017 ———————————– One of the world’s wealthiest people and perhaps the most influential philanthropists of our times, Warren Buffett does not really need an introduction. He is the chairman, CEO and the largest shareholder of Berkshire Hathaway, a multinational conglomerate holding company headquartered in Omaha. He is much respected by his peers and the world alike for his personal frugality and adherence to ethical principles when it comes to successful business management. Called the ‘Oracle of Omaha’, Buffett rose from a modest beginning to become one of the richest men on earth through his sheer hard work and keen sense of investing. He started demonstrating his financial abilities from his early years when he would go from door to door selling candies and soft drinks. He began investing as a teenager and had saved almost $10,000 dollars by the age of 20. He had great business acumen and started out on his career as a stock broker. He developed his own investment principles which helped him acquire a lot of wealth; he was already a millionaire by the time he was in his early thirties. As his wealth grew, so did his desire to give back to the society—he is a notable philanthropist and has pledged to give away a significant portion of his fortunes to charity.
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———————— Childhood & Early Life He was one of the three children of Howard and Leila Buffett. He had two sisters. His father was a four-term U.S. congressman. He started his education at the Rose Hill Elementary School before shifting to Alice Deal Junior High School. He graduated from Woodrow Wilson High School in 1947. He had acute business sense even as a small child; he used to earn money by selling chewing gum and soft drinks. As a teenager, he became involved in a number of money making ventures and also started saving and investing his money. He enrolled at the Wharton School of the University of Pennsylvania in 1947 where he studied for two years. He shifted to University of Nebraska–Lincoln from where he graduated with a Bachelor of Science in business administration. He attended Columbia Business School and earned a Master of Science in economics in 1951. There he had the privilege of attending classes taught by Benjamin Graham and David Dodd. —————————— Career He worked at his father’s company, Buffett-Falk & Co. from 1951 to 1954 as an investment salesman. By the age of 20, he had already amassed savings worth almost $10,000 in 1950 — this showed what an astute investor he was. He was appointed at a starting salary of $12,000 a year at Benjamin Graham’s partnership in 1954. His boss was a difficult man to work with and expected strict adherence to conventional rules of investing which Buffett’s young mind questioned. Benjamin Graham retired and closed his partnership in 1956. By this time Buffett had a large amount of personal savings with which he opened Buffett Partnership Ltd., an investment partnership in Omaha. He started operating several other partnerships and by the end of the decade he had seven partnerships operating. He became a millionaire in 1962 as a result of his earnings from all his partnerships. He merged all the partnerships into one and invested in a textile manufacturing firm called Berkshire Hathaway. He began purchasing the shares of Berkshire Hathaway aggressively during the early 1960s and eventually took over the control of the company. During the late 1960s he shifted the business from textile into the insurance sector and by 1985 the last of the textile mills under Berkshire Hathaway had been sold off. Berkshire Hathaway purchased a 12% stake in Salomon Inc. in 1987 and became its largest shareholder; Buffett became its director. Following a scandal in 1990, John Gutfreund the CEO of Salomon Brothers left the company in 1991. Buffett took over as chairman till the crisis passed.
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