Business magnate Warren Buffett full name was Warren Edward Buffett. He was born in 30th August 1930 at Omah city, Nebraska State, in USA. He was an American Business Magnate, Philanthropist and investor. He was the only son of Leila (Mother) and Congressman Howard Buffett (Father).
He had begun his education at the Rose Hill Elementary School. After his family moved to Washington, D.C., Warren completed his elementary education and went on to attend Alice Deal Junior High School. He ultimately graduated from Woodrow Wilson High School in 1947.
Warren Buffett wanted to skip college and go directly into business after completing high school. He had displayed his interest in business and in investing at his young age.
Warren Buffett borrowed a book from the Omaha public library at the age of seven inspired him. The book name was One Thousand Ways to make $ 1,000. Buffet’s childhood years were brighten up with the entrepreneurial ventures.
Warren Buffett had used to sell the chewing gum, Coca-Cola and the weekly magazines door to door. He had worked at his grandfather’s grocery store. He made money by delivering newspapers when he was still in high school.
Warren Buffett used to sell golf balls, stamps, the detailing the cars and among other means also. In 1944, Buffett filed his first income tax return. On that tax return, he took a $35 deduction for the use of his bicycle and watch for his paper route.
As a high school sophomore, Warren Buffet and his friend spent $25 to purchase a used pinball machine. They placed the used pinball machine they had purchased in a local barber shop. Within a few months, they had expanded and owned several machines in different barber shops across Omaha city.
Currently Business magnate Warren Buffett was the main chairman and the CEO of the Berkshire Hathaway. Warren Buffet was one of the most successful business investors in the world. He has the assets net worth of $ 100 billion as of the November 2022.
As a youth, Warren Buffett developed an interest in business and invested in it. In 1947, at the end of his time at the Wharton School of the University of Pennsylvania, he transferred. At the age of 19, Warren Buffet graduated from the University of Nebraska.
Warren Buffett went to Columbia Business School for graduation. There he molded his investment philosophy. He adopted the concept of value investing, which had been pioneered by American economist Benjamin Graham.
Warren Buffett attended the New York Institute of Finance to focus on his economics background. He soon began various business partnerships, including one with Benjamin Graham.
Warren Buffett had created a Buffett partnership Ltd. in the year of 1956.
American billionaire Charlie Munger had joined with the Buffett as a vice-chairman in the year 1978. Since 1970, Warren Buffett has held the position of chairman and also been the largest shareholder of “Berkshire Hathaway” Company.
Buffett is known for his loyalty to value investing and his personal life conservation, despite his immense wealth.
Warren Buffett was the philanthropist. He had pledged to give away his 99 percent of fortune to the philanthropic causes. It was primarily via the “Bill & Melinda gates Foundation”.
Warren Buffet founded “The Giving Pledge” in 2010 along with Bill Gates. He started out as an investment salesman at Buffett-Falk & Co., working there from 1951 to 1954. He then moved on to work as a security analyst at Graham-Newman Corp. from 1954 to 1956.
He then worked as a general partner at Buffett Partnership Ltd. from 1956 to 1969. He has held the position of chairman and CEO of Berkshire Hathaway Inc. since 1970.
Warren Buffett officially became a billionaire when Berkshire Hathaway started selling class A shares on May 29, 1990. On that time, market closing price is $7,175 per share.
After many difficulties during the economic crisis, Buffett managed to bring his Company back to pre-recession standards. Berkshire Hathaway made $6.4 billion in net profit in Q2 2014.
