Warren Buffett Biography & Net Worth
|Popular Name:||Warren Buffett|
|Real Name:||Warren Edward Buffett|
|Birth Date:||August 30, 1930|
Omaha, Nebraska, United States
Susan Thompson (m. 1952; died 2004)
Astrid Menks (m. 2006)
|Profession:||Businessman, Investor, Philanthropist|
|Net Worth:||$90 Billion|
With an existing reputation as one of the wealthiest people alive and perhaps the most powerful philanthropists in the world, Warren Buffett does not really much introduction. He is the chairman, Chief Executive Officer, and the biggest shareholder of Berkshire Hathaway, a multinational holding company that is headquartered in Omaha. He is much respected by the world and his peers alike for his personal frugality and observance of ethical principles when it comes to business management. Called the ‘Oracle of Omaha’, Warren rose from a small beginning to become one of the wealthiest men on earth through sheer hard work and his keen sense of investing right. He started demonstrating his economic abilities from the early years of his life when he would go from house to house selling soft drinks and candies. He was a teenager when he began investing, and had saved nearly ten thousand dollars by the age of 20. He had great business perspicacity and started his career as a stockbroker before developing his own investment principles that eventually helped him garner a lot of wealth. By the time he was 30+, he was already a tycoon. As his affluence grew, so did his yearning to give back to society. He is a notable philanthropist and has promised to give away a considerable portion of his wealth to charity. Let’s take a glance at the life and achievements of Warren Buffett in brief.
Warren Buffett’s Early Life & Education
He was born in the United States into the family of Howard and Leila Buffett. He had two sisters and a brother. His father, Howard, was a four-term United States congressman.
Warren started his education at Rose Hill Elementary School before joining Alice Deal Junior High School. He completed his secondary education at Woodrow Wilson High School in 1947.
He had a sharp business sense even as a child. He would make his own money by selling drinks and chewing gum to his peers. He became involved in several money making ventures as a teenager, and also learned to start investing his money.
After graduating from Woodrow Wilson High School in 1947, he enrolled at the University of Pennsylvania Wharton School in 1947 and studied there for two years before shifting to the University of Nebraska–Lincoln, graduating with a Bachelor of Science in business administration. After that, he moved to Columbia Business School and graduated in 1951 with a Master of Science in economics. Warren was privileged to attend classes taught by David Dodd and Benjamin Graham.
Career & Professional Life
Buffett’s professional journey started in 1951 immediately after he graduated from Columbia business school with a master’s degree in economics. He joined Buffett-Falk & Co for a start and spent three years working at the firm. In 1970, he was named the chief executive officer and chairman of Berkshire Hathaway Inc. He also continued to invest in the stock market and also worked as a stockbroker for a while, which helped him gain in-depth knowledge of the stock exchange market.
Warren officially became a Billionaire in 1962 with the help of his partnerships. He took total control of Berkshire Hathaway through his stake in the company. His fortune was fueled in the 1990s when the company started selling ‘A’ class shares. He currently owns and controls some of the world’s leading brands, including Broheims Fine Jewelry and Gifts, Benjamin Moore, Geico, Dairy Queen, Heinz, Fruit of the Loom, The Pampered Chef, See’s Candies, Nebraska Furniture Mart, and NetJets.
Buffett also likes to share his wealth with the less privileged section of the society by giving them the opportunity to attain greater heights in their life. In 2010, he signed the ‘Giving Pledge’ that is an agreement made by all the world’s billionaires to donate half of their entire fortune to charity.
In Film and Television
Aside from numerous television appearances on different news programs, Warren Buffett has appeared in a reasonable number of films and television programs, both fiction documentary and. Some film and television series in which he made cameos appearances include; ‘Entourage’, ‘All My Children’, ‘The Office’, and ‘Wall Street: Money Never Sleeps’. He has appeared as a guest on Charlie Rose on ten different occasions and was the focus of the BBC project ‘The World’s Greatest Money Maker’ (2009) and the HBO documentary ‘Becoming Warren Buffett’ (2017).
Awards & Achievements
In 2011, the business tycoon received the Presidential Medal of Freedom from President Barack Obama. He currently serves as the chairman and chief executive officer of the Berkshire Hathaway group of companies, and equally ranks among the world’s richest. Considered to be one of the most successful investors of the 20th century, Warren is also one of the biggest philanthropists in recent times.
Personal Life & Family
Warren and Susan Thompson got married in 1952 and had a happy marriage which produced three children. However, in 1977, Susan left him to pursue her own career. They never divorced officially until Susan’s death in 2004.
In 2006, he tied the knot with his longtime partner, Astrid Menks, who he met way back in 1977 after his wife left him.
Warren Buffett was diagnosed with prostate cancer in 2012 and has successfully concluded his treatment.
He believes in giving to society and has pledged to give a considerable portion of his wealth to the Bill & Melinda Gates Foundation.
Warren Buffett Net Worth
As of the time of this writing, Warren Buffett has a net worth of over $90 billion. He makes thousands of dollars on a daily basis from his investments as well as several other projects. His businesses also help him in raking in a million-dollar revenue every year.
An extraordinary business magnate, Warren is noted as one of the most successful and wealthiest investors in the world today. He has been on the world’s richest people’s list for many years in a row, and with the existence of his multiple businesses and investments, there’s no disputing that even for many more years to come, Warren Buffett will continue to be one of the most powerful businessmen in the world.