Warren Buffett is considered to be one of the most influential people in the USA. Apart from this, he is also among the wealthiest people on the globe. His scope of work goes from investments in various fields to philanthropy works.
This businessman was born on August the 30th in 1930. He was born in Omaha, Nebraska, the USA. He is one of three children, being the youngest one and the only boy. His mother’s name is Leila and his father’s name is Howard. He attended Hill Elementary School. If should also be mentioned that his father Howard was a very influential person in the USA since he was the congressman in the USA from 1942. Moreover, he was a congressman in four terms. Due to his father’s work, the entire family needed to move to Washington D.C. and Warren required to finish his primary education there by attending Alice Deal Junior High School. He attended Woodrow Wilson High School and finished it in 1947.
As far as his work career is concerned, we should mention that his first job included a position as an investment salesman in Buffett-Falk & Co. He worked there from 1951 to 1954. After this, he worked as a securities analyst at Graham-Newman Corp. from 1954 to 1956. He then advanced in his career when he became a general partner at Buffett Partnership, Ltd., and he was holding this position from 1956 to 1969. His most important position was the CEO of Berkshire Hathaway Inc., and he was holding this position from 1970. It should be noted that the shares of this company were 777 USD worth when he started to be a CEO there and they reached 1,310 USD in 1979. The moment this company started to work on the selling of class A shares, they ended up at 7,175 USD each. One of the most momentous highlights includes the buying of a 6.3% share of Coca-Cola. Furthermore, he is the man who controls 2.3 billion USD deal with GEICO and he also invested 5 billion USD in Goldman Sachs.
- He always likes to point out that the most important thing is to save money and to save a portion of salary aside from each salary;
- According to him, one of the most important things is to know how to choose people around you, and you do not need more than five people to hang out with;
- He considers lives to be concise and that there is no tie for doing things you do not like. So, a person should choose an occupation he/she wants.
As of 2023, his net worth is estimated at 86.6 billion USD. It should be also mentioned that he has been third on the Forbes list of the richest people in 2018 and 2019. He is also on the 16th position of the most influential people. He is a self-made billionaire and he is also a philanthropist by giving 35.1 billion USD in charities.