Biography of Warren Buffett and Net Worth
Warren Edward Buffett popularly known as Warren Buffett. Buffet is a famous American business leader, entrepreneur, investor and a philanthropist, who serves as the chairman and chief executive officer (CEO) of Berkshire Hathaway, one of the most successful company in the world. In this post we will highlight the biography of Warren Buffet.
He is currently the third richest man in the world with a Neth worth of over $84.7 B according to Forbes. Warren Buffett is Known as the “Oracle of Omaha,” Warren Buffett is one of the most successful investors of all time. He runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen.
Warren Buffett is the son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13. He has committed to giving more than 99% of his fortune to charity. So far he has given nearly $32 billion. With friend Bill Gates he launched The Giving Pledge in 2010, asking billionaires to donate half their wealth to charitable causes.
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Warren Buffett began his education at Rose Hill Elementary School. In 1942, his father was elected to the first of four terms in the United States Congress. After moving with his family to Washington D.C. in the United States of America, Warren Buffett completed his elementary school and obtained his Elementary School Certificate.
After completing his elementary school education, Warren Buffett attended Alice Deal Junior High School and graduated from Woodrow Wilson High School in 1947. After completing his high school education and finding success with his entrepreneurial and investment ventures, Warren Buffett wanted to skip college to go directly into business, but was overruled by his father.
Warren Buffett displayed an interest in business and investing at a very young age. He was inspired by a book he borrowed from the Omaha public library at the age of 7 years old titled “One Thousand Ways to Make $1000”. Much of Warren Buffett early childhood years were enlivened with entrepreneurial ventures.
One of his first business ventures was the selling of chewing gum, Coca-cola bottles and weekly magazines door to door. He worked in his grandfather’s grocery store. While still in high school, Warren Buffett made money delivering newspapers, selling golf balls, stamps and detailing cars, among other means. On his first income tax return in 1944, Warren Buffett took a $35 deduction for the use of his bicycle and watch on his paper route.
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In 1945, as a high school sophomore, Warren Buffett and his friend spent $25 to purchase a used pinball machine which they placed in the local barber shop. Within months, they owned several machines in three different barber shops across Omaha. The business was sold later in the year for $1,200 to a war veteran.
Warren Buffett is a graduate of University of Pennsylvania in the United States of America. In 1950, Warren Buffett attended Columbia Business School in the United States of America and graduated in 1951. In 1952, Warren Buffett got married to his wife Susan Buffett and the marriage is currently blessed with three grown-up children namely Susan Alice Buffett, Peter Buffett and Howard Graham Buffett. Unfortunately, in 2004, his wife Susan Buffett died after 53 years of marriage. In 2006, at the age of 76 years old, Warren Buffett got married again to Astrid Menks.
Warren Buffett is considered as one of the most successful investors in the world and has a net worth of $87.5 billion as of 17th February 2018, making him the third wealthiest person in the world. He developed an interest in business and investing in his youth, before eventually entering into Wharton School of the University of Pennsylvania in 1947 and before transferring and graduating from University of Nebraska at the age of 19 years old.
Warren Buffett went on to graduate from Columbia Business School in the United States of America, where he molded his investment philosophy around the concept of value investing that was pioneered by Benjamin Graham
He attended New York Institute of Finance to focus his economics background and soon after began various business partnerships, including one with Benjamin Graham. He created the Buffett Partnership after meeting with Charlier Munger and his business firm eventually acquired a textile manufacturing firm called “Berkshire hathaway” and assumed its name to create a diversified holding company.
Warren Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970 till date and he has been referred to as the Wizard, Oracle and Sage of Omaha by global media outlets. He is noted for his adherence to value investing and for his personal frugality despite his immense wealth. However, research published at the University of Oxford characterizes Warren Buffett investment methodology as falling within “founder centrism”.
Essentially, Warren Buffett concentrated investments shelter managers from the short-term pressures of the market. Warren Buffett is a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill and Melinda Gates Foundation. In 2009, he founded “The Giving Pledge” alongside with Bill Gates and Mark Zuckerberg, whereby billionaires pledge to give away at least half of their fortunes.
Warren Buffett is also active in politics and contributing to political causes, having endorsed Democratic candidate Hillary Clinton in the 2016 United States presidential election. He has publicly opposed the policies, actions and statements of the current President of the United States of America, Donald Trump.
Warren Buffett is currently the third richest and most influential man in the world with an estimated net worth of $87.5 billion.