Warren Buffett Basic Information
|Oracle of Omaha
|Business Magnate, Investor, and Philanthropist.
|Date Of Birth/Age:
|30 August 1930
|Place of Birth:
Warren Buffett Biography
Warren Buffett was born in 1930 in Omaha, Nebraska. He was the second of three children and the only son of Leila (née Stahl) and Congressman Howard Buffett. Buffett started his education at Rose Hill Elementary School. In 1942, his father was elected to the first of four terms in the United States Congress. His family moved to Washington, D.C., where Warren finished elementary school, attended Alice Deal Junior High School and graduated from what was then Woodrow Wilson High School in 1947. His senior yearbook picture reads: “likes math; a future stockbroker”. After completing high school and experiencing success with his entrepreneurial and investment ventures, Buffett wanted to skip college and go straight into business. However, his father overruled him.
Warren Buffett, a successful businessman and investor, was born into a family with a history of entrepreneurship and political involvement. He was one of three children born to Howard and Leila Buffett. His paternal grandfather, Ernest P. Buffett, was a grocery business owner, and his maternal grandfather was John Ammon Stahl. Additionally, his family included his paternal grandmother, Henrietta Duvall Buffett, and his maternal grandmother, Stella Frances Barber.
He had two sisters. One was Doris Buffett, who was a self-proclaimed retail philanthropist and the founder of The Sunshine Lady Foundation. Unfortunately, Doris has since passed away. The other sister’s name is Roberta, but she is commonly called “Bertie.” Bertie is Warren Buffett’s younger sister, and she used to be roommates with his first wife, Susan while attending Northwestern University. Bertie has also been known to make generous donations to the school.
Warren Buffett has three children: Howard Buffett, Susie Buffett, and Peter Buffett. In November 2022, he generously donated $750 million worth of Berkshire Hathaway shares to four charitable foundations run by his children. Specifically, he gave 1.5 million Class B shares to the Susan Thompson Buffett Foundation, named after his first wife. Additionally, he transferred 300,000 Class B shares to three funds managed by his kids: the Sherwood Foundation, the Howard G. Buffett Foundation, and the NoVo Foundation.
Warren Buffett tied the knot with Susan Thompson in 1952. They were blessed with three children named Susie, Howard, and Peter. However, in 1977, Susan parted ways with Warren to focus on her career, and they started living separately. Despite their separation, they never filed for divorce and remained legally married until Susan’s passing in 2004. Later on, Warren married his longtime companion, Astrid Menks, in 2006. It’s worth noting that the two had already known each other since Warren’s first wife left him.
Buffett, known as the ‘Oracle of Omaha’, worked hard and invested wisely to become one of the wealthiest men on the planet. From an early age, he showed his financial acumen by selling door-to-door candies and soft drinks. As a teenager, he began investing and saved almost $10,000 by 20. Starting his career as a stockbroker, he developed investment principles that helped him amass his fortune. He became a millionaire in his early thirties and was committed to giving back to society, becoming a notable philanthropist. He has pledged to donate a significant portion of his wealth to charity.
From 1951 to 1954, Warren Buffett served as an investment salesman at his father’s company, Buffett-Falk & Co. At the age of 20, he had already accumulated savings amounting to nearly $10,000 in 1950, which is a testament to his exceptional investment skills.
In 1988, Warren Buffett invested in Coca-Cola Company’s stocks and acquired up to 7% of the company for $1.02 billion, which proved to be a highly profitable investment for Berkshire. In 2002, he made forward contracts valued at $11 billion to deliver U.S. dollars against other currencies. By April 2006, his earnings had surpassed $2 billion.
In June of 2006, Warren Buffett announced that he planned to gradually donate 85% of his holdings in Berkshire to five different foundations. The most significant contribution would go to the Bill and Melinda Gates Foundation. In 2008, Buffett became the world’s richest person, with Forbes estimating his net worth to be $62 billion, overtaking Bill Gates, who had held the top spot on Forbes’ list for 13 years. However, the following year, Gates regained his position, pushing Buffett down to second place. In 2009, Buffett was elected to the American Philosophical Society.
Warren Buffett, the chairman and CEO of Berkshire Hathaway, received the Presidential Medal of Freedom from President Barack Obama in 2011. He is among the wealthiest people globally and is recognized as the most successful investor of the 20th century. Additionally, he has pledged to dedicate a substantial portion of his wealth to support diverse social causes, making him a significant contributor to philanthropy.
Buffett is well-known for adding humour to his business discussions. He leads the annual shareholder meeting of Berkshire Hathaway at the Qwest Center in Omaha, Nebraska. This meeting draws over 20,000 visitors from all over the world and is often referred to as the “Woodstock of Capitalism”. Berkshire’s annual reports and letters to shareholders, which Buffett writes, are frequently covered by the financial media. His writing style is unique, as he includes quotes from diverse sources like the Bible and Mae West, provides advice in a casual Midwestern tone, and incorporates plenty of jokes.
In April 2012, he was diagnosed with prostate cancer and has since completed his treatment. He is committed to contributing to society and has donated a significant portion of his wealth to charitable causes. 83% of his donations are to the Bill & Melinda Gates Foundation. He has donated over $50 billion to various philanthropic organizations, demonstrating his dedication to philanthropy.
Warren appeared in a theatrical film 2015, with a guest role in the comedy movie Entourage. Before this, he had already lent his voice to the character of James Madison in an episode of the adventure drama Liberty’s Kids: Est. 1776, which aired on TV in 2003. Warren’s first physical appearance on a TV show was on the news talk show Charlie Rose, which aired in June 2006.
In April 2017, a deal was struck between Coca-Cola and Buffett (both a fan of the drink and a shareholder in the company) to feature his likeness on their Cherry Coke products in China. It’s worth noting that Buffett didn’t receive any compensation for this advertising. Despite being a billionaire, he’s known for his frugal ways – for instance, he doesn’t own a “cell phone” and prefers to use “public transportation” when travelling.
Forbes reports that Warren Buffett’s net worth in 2022 is $129.7 billion.
Despite having the financial means to buy any car he desires, Business Mogul Buffet maintains a humble lifestyle. He drove his 2001 Lincoln Town Car for ten years before auctioning it off for charity. He then replaced it with a 2006 Cadillac DTS, which he operated for eight years before upgrading to his current vehicle, a 2014 Cadillac XTS.
Warren Buffett resides in a stucco house with five bedrooms in Omaha, Nebraska. He acquired this home back in 1958 for a total of $31,500. He, however, owns other real estate properties across the globe.
Back in October 2008, USA Today shared that at least 47 books were available with Buffett’s name in the title. According to the article, the CEO of Borders Books, George Jones, said that only U.S. presidents, world political figures, and the Dalai Lama had been named in as many book titles while still alive. Buffett stated that his preferred book was a compilation of his essays titled The Essays of Warren Buffett by Lawrence Cunningham. He explained it was a well-organized collection of ideas from his annual report letters.
- The Essays of Warren Buffett: Lessons for Corporate America, Warren Buffett and Lawrence A. Cunningham, The Cunningham Group; revised edition (11 April 2001). ISBN 978-0-9664461-1-1.
- The Essays of Warren Buffett: Lessons for Corporate America, Second Edition, Warren E. Buffett and Lawrence A. Cunningham, The Cunningham Group; 2nd edition (14 April 2008). ISBN 978-0-9664461-2-8
Warren Buffett, also known as the “Oracle of Omaha,” has achieved immense success as an investor. He is the CEO of Berkshire Hathaway, which possesses numerous businesses, including Geico, Duracell, and Dairy Queen. As per 2017 records, Berkshire Hathaway is the third-largest public company globally, with assets valued at over $700 billion and revenue exceeding $242 billion.
Warren Buffett’s educational journey began at Rose Hill Elementary School, where he attended before transferring to Alice Deal Junior High School. He completed his high school education at Woodrow Wilson High School in 1947. The same year, Warren joined the Wharton School at the University of Pennsylvania, where he studied for two years. He later transferred to the University of Nebraska-Lincoln, graduating with a Bachelor of Science in Business Administration. In 1951, Warren pursued a Master of Science in Economics at Columbia Business School and had the opportunity to learn from renowned professors such as Benjamin Graham and David Dodd. He holds a Master of Science from Columbia University and a Bachelor of Arts/Science from the University of Nebraska Lincoln. Warren also attended the New York Institute of Finance.