Warren Buffett is an American billionaire businessman and investor who, through his multinational holding company, Berkshire Hathaway, owns companies such as GEICO, Duracell, Fruit of the Loom, and Helzberg Diamonds, among others. His success in the investor market has earned him the nickname Oracle of Omaha and a consistent presence on the list of the world’s richest people, even reaching the top spot on a few occasions.
Join us to find out how he made his money, his early days, and the other people in his life.
the biography
Warren Edward Buffett was born the second of three children to Leila (née Stahl) and Howard Buffett on August 30, 1930 in Omaha, Nebraska. His father was a businessman and investor who later entered politics and served four terms as a Republican United States Representative in the state of Nebraska.
Buffett attended Rose Hill Elementary School before enrolling at Alice Deal High School. However, he graduated from Woodrow Wilson High School in 1947. At the time, Buffet, who happened to be very good at math, is said to have already developed a strong interest in business. He ran a few businesses which included delivering newspapers and selling golf balls, chewing gum and stamps. By age 11, he had also purchased shares of the Cities Service company, which helped him save money by buying a 40-acre farm operated by a sharecropper. With all of these accomplishments, upon graduation, Buffett attempted to put aside his college plans in order to fully launch his career in the business world. However, he was rejected by his father,
Warren Buffett spent two years at Wharton before transferring to the University of Nebraska, where he received his Bachelor of Science in Business Administration at the age of 19. He then applied to Harvard Business School but was rejected, leaving him to enroll at Columbia Business School where he earned a Master of Science. in economics in 1951. He then attended the New York Institute of Finance before beginning a career in the stock market.
How did he earn his money?
Warren Buffett has made a living throughout his career as a businessman and investor, starting in the 1950s when he started working as a stockbroker and founded Buffett Partnerships Ltd. the map publishing company, Sanborn Map Company, which made him a millionaire. He then moved to make Berkshire Hathaway his holding company as he explored other sectors such as insurance, manufacturing, construction, retail and many more.
In 1979, Buffett took more than half of his billion dollar value after successful trading in Berkshire stock. In 1990, he was able to transform from multimillionaire to billionaire when his company was again able to sell stock at a price above $7,000 per share.
Warren Buffett’s net worth (house and cars)
According to Forbes, Warren Buffett, as of 2018, had a net worth of $84.4 billion, making him the third richest person in the world. With such huge profits, it’s no surprise that he has, over the past decade, donated nearly $30 billion of his fortune to charity.
Also, despite his enormous wealth, Buffett has made sure he doesn’t lead an extravagant lifestyle, as he never spends more than $3.17 on his McDonald’s breakfast and still lives in the stucco house. five-bedroom apartment he bought in Omaha in 1958 for $31,500. He also owns a beachfront vacation home in Laguna Beach, California, which he bought in 1971 for $150,000. The house has since been put up for sale by the investor for a price of around $11 million. Buffett drives a Cadillac XTS with a retail value of around $45,000.
Family – wife, children
Warren Buffett is in his second marriage. His first marriage was to Susan Buffett (née Thompson) whom he had first met through his sister, Roberta, at Northwestern University, although the two families had known each other for a while, Susan’s father having served as Howard Buffet’s campaign manager.
Warren and Susan exchanged vows at DundeePresbyterian in Omaha in 1952 and had three children; First, a girl named Susan who works as a philanthropist and chairs the Sherwood Foundation, formerly known as the Susan A. Buffett Foundation. She was born in July 1953. Their second child was a son, Howard, born in December 1954. Howard is a former politician, businessman, philanthropist and farmer. The couple’s last child is a son, Peter, born in May 1958, an Emmy Award-winning musician, composer, author and philanthropist.
In 1977, Susan and Warren separated. She left her husband to move to San Francisco hoping to have a singing career, which her husband supported despite appearing to be heartbroken. The two men never remarried and remained close until his death in 2004. Two years after his death, Buffett married his longtime partner, Astrid Menks, whom Susan had introduced to him before he left. and who also lived with him in his country. Omaha at home for many years.