Warren Buffett net worth

Brief introduction

Warren Buffett is an American entrepreneur, large investor, and generous. As the CEO of his investment company Berkshire Hathaway, he is one of the richest and most respected businessmen in the world.

Youth

Warren Edward Buffett was born on August 30, 1930 in Obama, Nebraska as Leila’s second oldest child and Howard Buffett, a stock broker who served as a member of the congress. He showed extraordinary talent for money and business at a young age and was impressed with the fact that he could calculate the large column of numbers in his head. In one of his first shops, Buffett sells chewing gum, Coca-Cola bottles, and weekly magazines from home to house. He worked in his grandfather’s grocery store. At the age of eleven, he began working in the world of finance and buying shares for himself and for his sister Doris. In 1942, Buffett’s father was elected as a member of the US House of Representatives and his family moved to Fredricksburg, Virginia to be closer to the new Congress member post. Buffett attended Woodrow Wilson High School in Washington, DC, where he continued to plan new ways to make money. During his school years, he made money by sending newspapers, selling golf balls and stamps. Warren Buffett graduated from school at the age of 17 years. There was never an intention to study because he had received $ 5,000 for newspaper delivery (this was equivalent to $ 42,610.81 in 2000). His father planned another way for his son and persuaded Warren to register at the Wharton Business School at the University of Pennsylvania. Buffett only studied at university for two years and was not happy that his knowledge was greater than his professor. When his father was defeated at the congress in 1948, Warren returned to Omaha and moved to Nebraska-Lincoln University. Apart from his full job, he managed to get a bachelor’s degree in just three years. After being rejected by Harvard Business School, Buffett registered at Columbia Business School in Columbia University after learning that his role model was taught by investor Benjamin Graham. Buffett obtained the title of Master of Science in the economic field there in 1951. After graduating, Buffett attended the New York Finance Institute.

Career

Buffett returned to Omaha and worked as a stock broker when taking a public speaking course. With what he has learned, he feels confident enough to teach the “investment principle” of the night course at the University of Nebraska-omaha. The average age of the students is more than doubled. During this time he also bought the Sinclair Texaco gas station as a side investment, which was unsuccessful. In 1954, Buffett took a job at the Benjamin Graham company as a securities analyst. When he retired in 1956, Buffett’s personal savings were more than $ 174,000 (now around $ 1.64 million) and he founded Buffett Partnership Ltd. Buffett operated seven partnerships until 1960. In 1962, Buffett became a millionaire because of his partnership, which at that time had a surplus of $ 7,178,500. Buffett has $ 1,025,000 from its advantages. He combined this partnership into one. Buffett invests in Berkshire Hathaway and finally controls the textile factory. In 1966, Buffett partnering to invest new money. He then claimed that the textile business was his worst business. He then turned to the insurance sector. In 1973 Berkshire began buying shares in the Washington Post Company and in 1979 shares in ABC. In 1988, Buffett began buying Coca-Cola Company shares, and finally bought up to 7 percent of the company for $ 1.02 billion. It will be one of the most profitable investments in Berkshire and which is still held by Berkshire.

Career spotlight

In 2008, Forbes ranked Buffett as the richest person in the world with an estimated net worth of around $ 62 billion. According to the 2019 Forbes list, his wealth is around $ 83 billion and number 3 in the list of the richest people in the world. In June 2006, Buffett announced that they would donate all his assets to charity, 85 percent of them would go to the Bill and Melinda Gates Foundation. This donation became the biggest fundraising event in the history of the United States. In 2010, Buffett and Gates announced that they launched a campaign for giving promises to attract more rich people for philanthropic purposes.

Famous quote

“If you are one of the happiest 1 percent of humanity, you owe humanity to think about the other 99 percent.”
“I always realize that I will become rich. I don’t think I have doubted about it. “

Tips for success

“It took 20 years to build a reputation and it took five minutes to damage it. If you think about it, you are more careful. ”
“There is no need to do extraordinary things to achieve extraordinary results.”
“I measure success with how many people love me.”