Warren Buffett Biography Warren Edward Buffett born on August 30, 1930, is an American entrepreneur, investor, and philanthropist. He is currently the co-founder, chairman, and CEO of Berkshire Hathaway. With his successful investments, Buffett is renowned as one of the most famous investors globally. As of April 2024, his net worth stood at $139 billion, ranking him as the ninth-richest individual worldwide.
Warren Buffett Biography
Buffett was born in Omaha, Nebraska. His dad was a US congressman and businessman. Buffett got interested in business as a kid. He started at Wharton School in 1947 and graduated from University of Nebraska at 19. Later, he finished Columbia Business School where he learned about value investing from Benjamin Graham’s ideas. Buffett also went to New York Institute of Finance to study economics and then began his business career. He partnered with Graham and started Buffett Partnership Ltd. in 1956. His firm bought Berkshire Hathaway, a textile company, which became his diversified holding company. By 1970, he was the chairman and main owner. In 1978, Charlie Munger joined him as vice-chairman. Warren Buffett was born in Omaha, Nebraska on August 30, 1930. He liked business and investing early. Buffett went to the Wharton School and graduated from the University of Nebraska at 19. In 1951, he got a Master’s in economics from Columbia Business School.
Net Worth
As of April 2024, he had a net worth of $139 billion, making him the ninth-richest person in the world. Omaha, Nebraska, U.S. Buffett was born in Omaha, Nebraska. The son of US congressman and businessman Howard Buffett, he developed an interest in business and investing during his youth.
Who is Warren Buffett?
What is Warren Buffett’s current net worth?
Warren Buffett’s current net worth is $134.87 billion.
What is Warren Buffett’s current global rank among billionaires?
Warren Buffett holds the 8th position globally among billionaires.
What is Warren Buffett’s current ranking within the United States?
Warren Buffett holds the 7th position in United States.
What is the recent change in Warren Buffett’s net worth?
Warren Buffett’s net worth decreased by 2.96 billion dollars recently, a 2.2% decrease, with his net worth standing at 134.87 billion dollars.
When and where was Warren Buffett born?
Warren Edward Buffett was born on August 30, 1930, in Omaha, Nebraska.
What is Warren Buffett’s business career trajectory?
Warren Buffett worked as an investment salesman, securities analyst, and general partner before becoming chairman and CEO of Berkshire Hathaway Inc. in 1970. He founded Buffett Partnership Ltd. in 1956 and eventually acquired Berkshire Hathaway, a textile manufacturing company.
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Personal Life
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Born
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Warren Edward Buffett
August 30, 1930 (age 93)
Omaha, Nebraska, U.S.
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Education
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- University of Pennsylvania
- University of Nebraska–Lincoln (BS)
- Columbia University (MS)
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Occupations
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Businessmaninvestorphilanthropist |
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Years active
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1951–present
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Known for
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Transforming Berkshire Hathaway and his philanthropy
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Political party
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Democratic
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Spouses
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Susan Thompson
(m. 1952; died 2004)
Astrid Menks (m. 2006)
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Children
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Susan AliceHoward GrahamPeter |
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Parent
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Howard Buffett (father) |
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Relatives
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- Howard Warren Buffett (grandson)
- Doris Buffett (sister)
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Family
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Buffett family
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Legacy
Forbes estimates Buffett’s net worth to be $132.4 billion as of April 2024, making him the 8th wealthiest individual globally.
Early Hustle and Business Acumen
Buffett exhibited his business acumen at a young age. He bought his first stock at 11 and was handling his tax returns by 13. He showed a strong work ethic by earning $175 per month delivering newspapers at the age of 15. Despite attending the Wharton School at the University of Pennsylvania, his real passion resided in business endeavors.
Physical Appearance
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Height
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5 feet 10 inches
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Weight
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83 kg (approx.)
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Body Measurements
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Chest Size 34 inches; Waist Size 27 inches; Biceps Size 35 inches
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Eye Color
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Brown
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Hair Color
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Grey
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Education and Early Career
Buffett obtained a bachelor’s degree from the University of Nebraska-Lincoln and then went on to pursue a master’s in economics at Columbia University, despite his entrepreneurial drive. It is worth noting that he was turned down by Harvard Business School, a detail that may come as a surprise to many nowadays.
Family Life
Buffett is a dedicated family man with three children from his previous marriage to Susan Thompson. Despite Susan’s tragic death in 2004, Buffett tied the knot with Astrid Menks in 2006. He is widely recognized for his dedication to charitable causes, vowing to give away more than 99% of his fortune, with a significant portion allocated to the Gates Foundation and his children’s charitable organizations.
Early Life & Childhood
Warren Buffett, born to Howard and Leila Buffett, was one of three siblings, with two sisters. His father, Howard, served as a four-term U.S. congressman. Buffett began his schooling at Rose Hill Elementary School and later transferred to Alice Deal Junior High School before graduating from Woodrow Wilson High School in 1947. Demonstrating a keen business acumen from a young age, he made money selling chewing gum and soft drinks. During his teenage years, Buffett engaged in various profitable ventures while also focusing on saving and investing. In 1947, he commenced his studies at the Wharton School of the University of Pennsylvania for two years before completing his Bachelor of Science in business administration at the University of Nebraska–Lincoln. Subsequently, Buffett pursued a Master of Science in economics at Columbia Business School, where he had the opportunity to learn from notable professors such as Benjamin Graham and David Dodd.
Companies
Berkshire Hathaway, based in Omaha, Nebraska, is a global conglomerate holding company and ranks among the world’s largest companies in terms of market value. The company’s portfolio encompasses various sectors such as insurance, energy, manufacturing, and retail. Notable subsidiaries under Berkshire Hathaway include Geico, General Re, Dairy Queen, and Fruit of the Loom.
Major Achievements
Warren Buffett is renowned as one of the most accomplished investors in history, attaining remarkable success in investments to become one of the wealthiest individuals globally. By January 2024, his net worth had reached $122 billion, ranking him as the tenth-richest person worldwide. Berkshire Hathaway has consistently surpassed market performance, delivering substantial returns to its shareholders.
Awards & Achievements
Warren Buffett has been honored with various awards and accolades for his achievements in business and philanthropy. Among his notable recognitions are the Presidential Medal of Freedom, the Library of Congress Gershwin Prize for Popular Song, and the Horatio Alger Award. Additionally, he has been elected as a member of the American Academy of Arts and Sciences and the National Academy of Engineering.
Personal Life & Legacy
Warren Buffett is famous for his economical way of life, residing in the identical house he purchased in 1958 and driving a simple car. He enjoys playing bridge and is a loyal supporter of Nebraska football. Additionally, he is a well-known philanthropist who has committed to donating most of his fortune to various charitable endeavors, with a specific emphasis on healthcare, education, and population control efforts.
Trivia
Warren Buffett has appeared in various news programs, documentaries, and fiction films such as “Wall Street: Money Never Sleeps” (2010), “The Office” (U.S.), “All My Children,” and “Entourage” (2015). He has also been prominently featured in several books and documentaries, including “Becoming Warren Buffett” (2017) and “The World’s Greatest Money Maker” (2009).
Career
- Warren Buffett 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.
- Buffett began buying stocks in Coca-Cola Company in 1988, eventually purchasing up to 7% of the company for $1.02 billion. It would prove to be one of Berkshire’s best ever investments.
- He entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies in 2002. He had earned over $2 billion by April 2006.
- In June 2006, Warren Buffett made an announcement that he would be gradually giving away 85% of his Berkshire holdings to five foundations, the largest contribution of which would go to the Bill and Melinda Gates Foundation.
- He became the richest person in the world in 2008, with a total net worth estimated at $62 billion by Forbes, overtaking Bill Gates who had been the No.1 on Forbes list for the past 13 years. The very next year, Gates regained the first position and Buffett moved to second place.
