BiographyBusiness Tycoon

Warren Buffett Biography – Age, Education, Personal Life, Career, Net Worth, Assets and Awards

Warren Buffett and his Family

On 30 August 1930, Warren Buffett his Full name is Warren Edward Buffett. was an American investor and businessman. Buffett is the CEO, chairman, and largest shareholder of Berkshire Hathaway, a multinational conglomerate holding. 

Warren’s father, Howard Homan Buffett, was an American businessman, investor, and politician. Warren’s mother’s name is Leila Stahl Buffett. Warren has two sisters, Doris Buffett (elder) and Roberta Buffett Elliott (younger). Warren is the only son of Mr and Mrs Buffett.

Age, Physical Appearance and Height

he was born on 30 August 1930, and according to the calculation, her current age is 91 years. 

Let’s Talk about his Height, Weight & Physical. The height of Warren Buffett is 178 cm and 1.78 m and feet inches- 5′ 8″. Her weight is in kilograms- 83 kg.weight.

he has White colour hair and Black colour eyes. Besides this, he is wearing a shoe size 9.

Education

Warren Buffett started his education at the Rose Hill Elementary School before shifting to Alice Deal Junior High School. Warren Buffett graduated from Woodrow Wilson High School in 1947.

He had an acute business sense even as a small child; he used to earn money by selling chewing gum and soft drinks. Then, as a teenager, he became involved in many money-making ventures and started saving and investing his money.

Warren Buffett enrolled at the Wharton School of the University of Pennsylvania in 1947, where he studied for two years. After that, he shifted to the University of Nebraska–Lincoln, from where he graduated with a Bachelor of Science in business administration.

He attended Columbia Business School and earned a Master of Science in economics in 1951. Again, he had the privilege of attending classes taught by Benjamin Graham and David Dodd.

Personal Life

In 1949, Warren Buffett had a crush on a young woman named Susan Thompson whose boyfriend had a ukulele. In an attempt to compete, he bought his ukelele and has played it ever since. Buffett and Thompson married in 1952. They had three children, Susie, Howard, and Peter. The couple began living separately in 1977 when Susan moved to San Francisco to pursue a singing career but remained married until her death in July 2004.

In 2006, on his 76th birthday, Buffett married his longtime companion, Astrid Menks, who was then 60 years old—she had lived with him since his wife moved to San Francisco. Susan arranged for the two to meet before she left Omaha. All three were close, and Christmas cards to friends were signed “Warren, Susie, and Astrid.”

Buffett is a legendarily unhealthy eater and consumes a ton of Coca-Cola every day. He has said: “If I eat 2,700 calories a day, a quarter of that is Coca-Cola. I drink at least five 12-ounce servings. I do it every day.” Buffett has also been known to eat ice cream for breakfast.

In 2010, together with Bill and Melinda Gates, he formed The Giving Pledge, which asks the world’s wealthiest people to dedicate the majority of their wealth to philanthropy.

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Career

Warren Buffett worked at his father’s company, Buffett-Falk & Co., from 1951 to 1954 as an investment salesman. By the age of 20, he had already amassed savings worth almost $10,000 in 1950 — this showed what an astute investor he was.

He was appointed at a starting salary of $12,000 a year at Benjamin Graham’s partnership in 1954. His boss was a difficult man to work with and expected strict adherence to conventional rules of investing, which Buffett’s young mind questioned.

Benjamin Graham retired and closed his partnership in 1956. By this time, Buffett had a large amount of personal savings with which he opened Buffett Partnership Ltd., an investment partnership in Omaha.

He started operating several other partnerships, and by the end of the decade, he had seven partnerships operating. He became a millionaire in 1962 due to his earnings from all his partnerships. He merged all the partnerships into one and invested in a textile manufacturing firm called Berkshire Hathaway. He began purchasing the shares of Berkshire Hathaway aggressively during the early 1960s and eventually took over the control of the company.

During the late 1960s, he shifted the business from textile into the insurance sector, and by 1985, the last of the textile mills under Berkshire Hathaway had been sold off. Berkshire Hathaway purchased a 12% stake in Salomon Inc. in 1987 and became its largest shareholder; Buffett became its director. Following a scandal in 1990, John Gutfreund, the CEO of Salomon Brothers, left the company in 1991. Buffett took over as chairman till the crisis passed.

Buffett began buying stocks in Coca-Cola Company in 1988, eventually purchasing up to 7% of the company for $1.02 billion. It would prove to be one of Berkshire’s best investments.

He entered in $11 billion worth of forwarding contracts to deliver U.S. dollars against other currencies in 2002. He had earned over $2 billion by April 2006.

In June 2006, Warren Buffett announced that he would gradually give away 85% of his Berkshire holdings to five foundations, the largest contribution of which would go to the Bill and Melinda Gates Foundation.

He became the richest person in the world in 2008 with a total net worth estimated at $62 billion by Forbes, overtaking Bill Gates, who had been the No.1 on Forbes list for the past 13 years. Gates regained the first position the next year, and Buffett moved to second place.

Awards & Achievements

Warren Buffett was presented with the Presidential Medal of Freedom by President Barack Obama in 2011.

He is the chairman and CEO of Berkshire Hathaway and ranks among the world’s wealthiest people. Considered the most successful investor of the 20th century, he is also the biggest philanthropist of our times and had pledged to donate most of his fortunes to social causes.

Net Worth

Warren Buffett is one of the richest people globally and arguably the best investor of all time. As of this writing, Warren Buffett’s net worth is $117 billion.

Warren Buffett is considered by many to be the most famous and successful investor in history. If you had invested $10,000 with Warren Buffett in 1966, today you would have over $160 million! That same $10,000 invested in the S&P would be $140,000.

Warren Buffett has pledged to give away 99% of his net worth to charity before he dies. A large portion of that money will go to Bill Gates’ foundation. Buffett’s philanthropy has inspired other billionaires to pledge at least 50% of their net worth to charity in their lifetimes as well, a truly remarkable accomplishment.

Assets

Buffett still lives in the modest five-bedroom house he bought in Omaha, Nebraska, in 1956 for $31,500. Today, a house can be had in the same neighbourhood for around $2 million.

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