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Warren Buffett Biography & Life Story

Warren Buffett biography

Warren Buffett Quick Fact:

Born: August 30, 1930 (age 89), Omaha, Nebraska, U.S.

Education: University of Pennsylvania, University of Nebraska–Lincoln (BS), Columbia University (MS)

Occupation: Businessman, investor, philanthropist

Years active: 1951–present

Known for: Leadership of Berkshire Hathaway with Charlie Munger

Net worth: US$70.5 billion (April 2020)

Spouse(s): Susan Thompson (m. 1952; died 2004), Astrid Menks (m. 2006)

Children: Susan Alice Buffett, Howard Graham Buffett, Peter Buffett

Parent(s): Howard Buffett, Leila Stahl Buffett

Relatives: Howard Warren Buffett (grandson), Roberta Buffett (sister), Doris Buffett (sister)

Biography of Warren Buffett:

One of the richest and most respected businessperson in the world, Warren Buffett does not really need an introduction. He is the chairperson, CEO and the largest shareholder of a multinational conglomerate holding company Berkshire Hathaway, headquartered in Omaha. When it comes to successful business management, his peers and the world respect him for his personal frugality and adherence to ethical principles. Through his sheer hard work and keen sense of investing, he become one of the richest men on earth. He is known as the ‘Oracle of Omaha’. In his early years, he would go from door to door selling candies and soft drinks. He started demonstrating his financial abilities from beginning. He started investing as a teenager and by the age of 20, he had saved almost $10,000 dollars. He started on his career as a stockbroker. He had the great ability to make good and quick decision about business. He became a millionaire by the time he was in his early thirties. He developed his own investment principles that helped him acquire a lot of wealth. His desire to give back to the society grow with his wealth. He is a notable philanthropist and promised to give away a significant portion of his fortunes to charity.

Childhood & Early Life of Warren Buffett:

On August 30, 1930, Warren Buffett was born in Omaha, Nebraska. He was born to Howard and Leila Buffett. The couple had three children and he is the second. His father was a four-term U.S. congressional representative. Before shifting to Alice Deal Junior High School, he started his education at the Rose Hill Elementary School. In 1947, he graduated from Woodrow Wilson High School. He used to earn money as a small child by selling chewing gum and soft drinks. He became involved in a number of moneymaking ventures as a teenager and also started saving and investing his money. Buffett wanted to skip college after finishing high school. He found success with his side entrepreneurial and investment ventures and wanted to go directly into business but was overruled by his father. In 1947, he enrolled at the Wharton School of the University of Pennsylvania.  He studied there for two years. After that, he shifted to University of Nebraska–Lincoln from where he graduated with a Bachelor of Science in business administration. After being rejected by Harvard Business School, Buffett enrolled at Columbia Business School of Columbia University. There he had the privilege of attending classes taught by Benjamin Graham and David Dodd. In 1951, he earned a Master of Science in Economics. After graduating, Buffett attended the New York Institute of Finance.

Career of Warren Buffett:

From 1951 to 1954 as an investment sales representative, he worked at his father’s company, Buffett-Falk & Co. In 1950, he had amassed savings worth almost $10,000 by the age of 20. In 1954, at Benjamin Graham’s partnership, he was appointed at a starting salary of $12,000 a year. His boss was a difficult man to work with. In 1956, Benjamin Graham retired and closed his partnership. At that time, with his large amount of personal savings he opened Buffett Partnership Ltd., an investment partnership in Omaha. He started operating several other partnerships. While operating seven partnerships, in 1962 he became a millionaire as a result of his earnings from all his partnerships. Merging all the partnerships into single one, he started to invest in a textile-manufacturing firm, which was named Berkshire Hathaway. During the early 1960s, he started to buy the shares of Berkshire Hathaway until he took over the control of the company. From textile, he shifted the business into the insurance sector during the late 1960s and Berkshire Hathaway’s last textile mills had been sold off by 1985. In 1987, becoming Salomon Inc.’s largest shareholder Berkshire Hathaway purchased its 12% stake and Buffett became its director. In 1991, the CEO of Salomon Brothers John Gutfreund left the company because of a scandal in 1990. Buffett took over as chairperson until the crisis passed. In 1988, Buffett started to buy stocks in Coca-Cola Company and purchased up to 7% of the company for $1.02 billion. It would prove to be one of Berkshire’s best ever investments. in 2002, he entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies and earned over $2 billion by April 2006. Buffett made an announcement in June 2006, that he would be giving his entire fortune away to charity, committing 85 percent of it to the Bill and Melinda Gates Foundation. This donation became the largest act of charitable giving in United States history. In 2008, overtaking Bill Gates who had been the No.1 on Forbes list for the past 13 years, Buffett became the richest person in the world with a total net worth estimated at $62 billion. However, Gates regained the first position and Buffett moved to second place in the next year.

Personal Life & Legacy of Warren Buffett:

In 1952, Warren Buffett married to Susan Thompson. They had three children together. In 1977, to pursue her own career, Susan left him and started living separately. In 2004, until Susan’s death, the couple remained legally married. In 2006, Buffett married to Astrid Menks, his longtime partner. They know each other from the time his first wife left him. In April 2012, he was diagnosed with prostate cancer and has successfully recovered.

Born: August 30, 1930 (age 89), Omaha, Nebraska, U.S.

Education: University of Pennsylvania, University of Nebraska–Lincoln (BS), Columbia University (MS)

Occupation: Businessman, investor, philanthropist

Years active: 1951–present

Known for: Leadership of Berkshire Hathaway with Charlie Munger

Net worth: US$70.5 billion (April 2020)

Spouse(s): Susan Thompson (m. 1952; died 2004), Astrid Menks (m. 2006)

Children: Susan Alice Buffett, Howard Graham Buffett, Peter Buffett

Parent(s): Howard Buffett, Leila Stahl Buffett

Relatives: Howard Warren Buffett (grandson), Roberta Buffett (sister), Doris Buffett (sister)

Biography of Warren Buffett:

One of the richest and most respected businessperson in the world, Warren Buffett does not really need an introduction. He is the chairperson, CEO and the largest shareholder of a multinational conglomerate holding company Berkshire Hathaway, headquartered in Omaha. When it comes to successful business management, his peers and the world respect him for his personal frugality and adherence to ethical principles. Through his sheer hard work and keen sense of investing, he become one of the richest men on earth. He is known as the ‘Oracle of Omaha’. In his early years, he would go from door to door selling candies and soft drinks. He started demonstrating his financial abilities from beginning. He started investing as a teenager and by the age of 20, he had saved almost $10,000 dollars. He started on his career as a stockbroker. He had the great ability to make good and quick decision about business. He became a millionaire by the time he was in his early thirties. He developed his own investment principles that helped him acquire a lot of wealth. His desire to give back to the society grow with his wealth. He is a notable philanthropist and promised to give away a significant portion of his fortunes to charity.

Childhood & Early Life of Warren Buffett:

On August 30, 1930, Warren Buffett was born in Omaha, Nebraska. He was born to Howard and Leila Buffett. The couple had three children and he is the second. His father was a four-term U.S. congressional representative. Before shifting to Alice Deal Junior High School, he started his education at the Rose Hill Elementary School. In 1947, he graduated from Woodrow Wilson High School. He used to earn money as a small child by selling chewing gum and soft drinks. He became involved in a number of moneymaking ventures as a teenager and also started saving and investing his money. Buffett wanted to skip college after finishing high school. He found success with his side entrepreneurial and investment ventures and wanted to go directly into business but was overruled by his father. In 1947, he enrolled at the Wharton School of the University of Pennsylvania.  He studied there for two years. After that, he shifted to University of Nebraska–Lincoln from where he graduated with a Bachelor of Science in business administration. After being rejected by Harvard Business School, Buffett enrolled at Columbia Business School of Columbia University. There he had the privilege of attending classes taught by Benjamin Graham and David Dodd. In 1951, he earned a Master of Science in Economics. After graduating, Buffett attended the New York Institute of Finance.

Career of Warren Buffett:

From 1951 to 1954 as an investment sales representative, he worked at his father’s company, Buffett-Falk & Co. In 1950, he had amassed savings worth almost $10,000 by the age of 20. In 1954, at Benjamin Graham’s partnership, he was appointed at a starting salary of $12,000 a year. His boss was a difficult man to work with. In 1956, Benjamin Graham retired and closed his partnership. At that time, with his large amount of personal savings he opened Buffett Partnership Ltd., an investment partnership in Omaha. He started operating several other partnerships. While operating seven partnerships, in 1962 he became a millionaire as a result of his earnings from all his partnerships. Merging all the partnerships into single one, he started to invest in a textile-manufacturing firm, which was named Berkshire Hathaway. During the early 1960s, he started to buy the shares of Berkshire Hathaway until he took over the control of the company. From textile, he shifted the business into the insurance sector during the late 1960s and Berkshire Hathaway’s last textile mills had been sold off by 1985. In 1987, becoming Salomon Inc.’s largest shareholder Berkshire Hathaway purchased its 12% stake and Buffett became its director. In 1991, the CEO of Salomon Brothers John Gutfreund left the company because of a scandal in 1990. Buffett took over as chairperson until the crisis passed. In 1988, Buffett started to buy stocks in Coca-Cola Company and purchased up to 7% of the company for $1.02 billion. It would prove to be one of Berkshire’s best ever investments. in 2002, he entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies and earned over $2 billion by April 2006. Buffett made an announcement in June 2006, that he would be giving his entire fortune away to charity, committing 85 percent of it to the Bill and Melinda Gates Foundation. This donation became the largest act of charitable giving in United States history. In 2008, overtaking Bill Gates who had been the No.1 on Forbes list for the past 13 years, Buffett became the richest person in the world with a total net worth estimated at $62 billion. However, Gates regained the first position and Buffett moved to second place in the next year.

Personal Life & Legacy of Warren Buffett:

In 1952, Warren Buffett married to Susan Thompson. They had three children together. In 1977, to pursue her own career, Susan left him and started living separately. In 2004, until Susan’s death, the couple remained legally married. In 2006, Buffett married to Astrid Menks, his longtime partner. They know each other from the time his first wife left him. In April 2012, he was diagnosed with prostate cancer and has successfully recovered.

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