Warren Buffet Bio : You Are Never Too Old to Make Money

Warren Buffet Bio

Warren Buffet

Warren Buffet Bio. Warren Buffet is the most successful legendary investor everybody has heard of. Right now Buffet is the CEO and primary shareholder of Berkshire Hathaway, a company which is also owned by his pal, the second richest man, Bill Gates. And it does not stop only on business matters. Together, Gates and Buffet have done some notable philanthropic works through Gates Foundation. Gates-Buffet Giving Pledge is their latest philanthropic move in which they pledge to donate at least 50% of their wealth to charity. The pledge also signed by Mark Zuckerberg, the founder and CEO of Facebook.

Warren Buffet has been in investing business for all his life. It is safe to say that investing and making money are his true passion in life. Born as a son of businessman and politician in Omaha, little Warren had made money by selling things around the neighborhood. His first investment was a pinball machine he bought with a friend for $25 and was a very successful one. He continually made successful investments throughout his life. Even now at 80 years old, he is still eager in working and investing.

Warren Buffet Bio

Stock market and investment are not new things for Warren Buffet. These two things are what he has been doing for all of his life. Even as a little boy, Buffet would spend the day sitting in the customers’ lounge of regional broker near his father’s office. He did not fail to stop by at New York Stock Exchange when he visited New York in age of 10. When he was 11 years old, he bought his six shares of Cities Service, three for himself and three for his sister. When he graduated from college, he had made $90,000 in 2009 dollar value.

Warren Buffet Bio : Education

Warren Buffet Bio, Buffet attended several colleges like Wharton Business School of the University of Pennsylvania, University of Nebraska, Columbia Business School, and New York Institute of Finance to pursue his passion in getting the best business education he wanted just like when he enrolled at Columbia Business School so that he could meet his business idol, Benjamin Graham. He graduated from three of those universities and only failed getting a degree from Wharton Business School just because he transferred to University of Nebraska during his junior year.

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After Buffet graduated from Columbia Business School, he wanted to work in Wall Street. However, his father and best friend Ben Graham opposed to the idea. Buffet even offered to work for Graham for free which Graham refused. Because of those discouragements, Buffet went back to Omaha and took a public speaking course at Dale Carnegie while working as stockbroker. When he felt that he had enough skill and knowledge, he taught at University of Nebraska giving Investment Principles night lectures.

In 1954, Buffet worked at Benjamin Graham’s partnership. After two years, Graham closed his partnership which left Buffet free to set up his own partnership, Buffet Partnership Ltd. His partnership business grew rapidly from year to year. In 1957, he already had three partnerships and purchased the five-bedroom house where he lives now. His company grew to five partnerships in 1958 and by 1959 his company had six partnerships to operate. Slowly Buffet Partnership Ltd. began to buy Berkshire Hathaway’s shares. In 1965, Buffet successfully took control of Berkshire Hathaway and appointed Ken Chace as the new president of the company.

Warren Buffet Bio : His Company

Berkshire Hathaway

Berkshire Hathaway HQ

His Berkshire Hathaway kept growing. It acquired Washington Post Company in 1973 and ABC in 1979. In 1988, Buffet bought stock in Coca-Cola Company which then became his most successful investment. Buffet was officially named as billionaire when his Berkshire Hathaway shares were regarded as class A shares in 1990.

Buffet became the richest man in the world in 2008 with $62 billion of wealth according to Forbes. In that year, Buffet bought an option to buy 3 billion General Electric stock in the next 5 years and at the same time released Procter & Gamble Co, and Johnson and Johnson shares. Warren Buffet was listed in Time’s 100 Most Influential People of all time and awarded with the Presidential Medal of Freedom by President Barack Obama in 2011.

Warren Buffet Bio Interview by Forbes

Warren Buffet is also known for his writings. He is recognized as a great communicator and story teller. He wrote various articles in business and his own annual reports to shareholders for years.

With his wealth and generosity, Buffet becomes one of the greatest philanthropists in the world which has donated big part of his fortune to charity. Besides his philanthropic works with his best friend Bill Gates, he had auctioned several lunch and dinner opportunities with him to raise money for charity. Buffet is also consistent with his previous statement that he wouldn’t pass his wealth to his children. He said that he would give them enough but not too much so they wouldn’t feel like they hadn’t done anything.

Warren Buffet Bio Summary

Born Warren Edward Buffett
August 30, 1930 (age 80)
Omaha, Nebraska, U.S.
Nationality American
Alma mater University of Nebraska
Columbia University
Occupation Chairman & CEO of Berkshire Hathaway,Investor
Salary US$100,000
Net worth increaseUS$50 billion (2011)
Spouse Susan Thompson Buffett (1952–2004)
Astrid Menks (2006–present)
Children Susan Alice Buffett
Howard Graham Buffett
Peter Andrew Buffett

 

Article archive in Warren Buffet Bio You Are Never Too Old to Make Money also see The Top 5 Billionares 2011 and The Richest Man in the World 2011.

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