Warren Edward Buffett is an American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over US$78. 9 billion as of August 2020. Buffett has pledged to give away 99 percent of his fortune to philanthropic causes. He founded The Giving Pledge in 2009 with Bill Gates, whereby billionaires pledge to give at least half of their fortunes to charity.
About Warren Buffett in brief
Warren Edward Buffett is an American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over US$78. 9 billion as of August 2020, making him the world’s fourth-wealthiest person. Buffett developed an interest in business and investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947. He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing pioneered by Benjamin Graham. Buffett has pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation. He founded The Giving Pledge in 2009 with Bill Gates, whereby billionaires pledge to give at least half of their fortunes to charity. He has been referred to as the \”Oracle\” or \”Sage\” of Omaha by global media. Buffett is noted for his adherence to value investing, and his personal frugality despite his immense wealth. He was inspired by a book he borrowed from the Omaha public library at age seven, One Thousand Ways to Make USD 1000. Buffett’s interest in the stock market and investing dated to schoolboy days he spent in the customers’ lounge of a regional stock brokerage near his father’s own brokerage office. Buffett was born in Omaha, Nebraska, the second of three children and the only son of Leila and Congressman Howard Buffett.
In 1942, his father was elected to the first of four terms in the United States Congress, and after moving with his family to Washington, D. C. He finished elementary school, attended Alice Deal Junior High School and graduated from Woodrow Wilson High School in 1947, where his senior yearbook picture reads: \”likes math; a future stockbroker. \” After finishing high school and finding success with his side entrepreneurial and investment ventures, Buffett wanted to skip college to go directly into business but was overruled by his father. By the time he finished college, Buffett had accumulated USD 1.800,800 in savings. In 1978, Charlie Munger joined Buffett as vice-chairman. In 1996, Buffett bought a 40-acre farm with a tenant by a farmer when he was 14 years old with the savings of his savings. He bought the land with his father and a friend for USD 1,200,200. In 2009, he bought a business owned by his sister Doris for USD 175,000. In 2012, Buffett and his sister bought three shares of Cities Service Preferred for himself, and three other children for $1,500,000 each. In 2013, he sold the business for $2,000,000 to a private equity firm that he had been investing in since the early 1980s. In 2014, Buffett sold his stake in the company for $3,000 in a joint venture with Warren Buffett & Co. in an effort to focus on his business ventures.
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This page is based on the article Warren Buffett published in Wikipedia (as of Nov. 30, 2020) and was automatically summarized using artificial intelligence.
