Warren Buffett Full Biography, Networth (2022) | Age, Education, Books, Family and more

QUICK INFO:Age: 91 YearsProfession: Business magnate,
Investor and Philanthropist
Nationality:
American

One of the world’s richest individuals and maybe the most powerful givers of our times, Warren Buffett doesn’t actually require a presentation. He is the director, CEO and the biggest investor of Berkshire Hathaway, a global aggregate holding organization settled in Omaha. He is greatly regarded by his companions and the world the same for his own moderation and adherence to moral standards with regards to effective business the executives. Called the ‘Prophet of Omaha’, Buffett rose from an unobtrusive starting to become probably the most extravagant man on earth through his sheer difficult work and sharp feeling of contributing.

He began exhibiting his monetary capacities from his initial years when he would go from one way to another selling confections and soda pops. He started contributing as a teen and had saved nearly $10,000 dollars by the age of 20. He had extraordinary business insight and begun on his vocation as a stock representative. He fostered his own speculation standards which assisted him with procuring a ton of riches; he was at that point a tycoon when he was in his mid thirties. As his abundance developed, so did his craving to reward the general public he is a striking donor and has vowed to offer a critical piece of his fortunes to noble cause.

Warren Buffett

Let’s take a look at his Biography.

Warren Buffett: Biography

Real Name/Full NameWarren Edward Buffett
NicknameWarren, Oracle of Omaha, Sage of Omaha.
ProfessionBusinessman, Investor, Philanthropist
Famous Foras Oracle of Omaha
Date of Birth/Birthday30 August 1930
Age (As in 2022)91 Years
BirthplaceOmaha, Nebraska, United States
NationalityAmerican
HometownOmaha, Nebraska
Zodiac Sign/Sun SignVirgo
ReligionChristianity
Marital StatusMarried
Signature

Physical Attributes

Height (approx.)In meters – 1.78 m
In centimeters – 178 cm
In Feet&Inches – 5’ 8.”
Weight (approx.)In Pounds – 182 lbs
In Kilograms – 83 kg
Eye ColorBlack
Hair ColorWhite

Family

FatherHoward Homan Buffett

MotherLeila Stahl Buffett

BrotherNone
SisterDoris Buffett,


Roberta Buffett Elliott

Wife/SpouseAstrid Menks (m 2006- present)

ChildrenSon: Peter and Howard


Daughter: Susan

Warren Buffett: Early Life

Warren Buffett was born in Omaha, Nebraska during the Great Depression in 1930, the second of two children. He was a precocious student, who showed a natural ability for numbers at an early age. Buffett also showed an interest for money at a very early age and told one of his sisters that he was going to be a millionaire when he got older. He was entrepreneurial with several newspaper routes. He bought and leased out a pinball machine. A good example of his affinity for numbers/counting and his entrepreneurial spirit is how he sold soda.

First, he identified that Coca-Cola was more popular than Pepsi by collecting and sorting as many used bottle caps as he could (at horse races, etc.). He would then buy 6-packs of Coca-Cola for a quarter and sell each bottle for a nickel. Years later he said, ”I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”

He was a prolific saver and began to take an interest in investing in the stock market. He entertained technical analysis for a bit, but then read The Intelligent Investor by Benjamin Graham when he was 19 and became a ‘value investor’ convert. Buffett eventually went to Columbia University and studied under his soon-to-be mentor, Graham. Buffett still refers to The Intelligent Investor as ”the best book about investing ever written.”

Personal Life

He married Susan Thompson in 1952. The couple had three children. Susan left him in 1977 to pursue her own career and started living separately. They never divorced and remained legally married till Susan’s death in 2004. He married his longtime partner, Astrid Menks in 2006; the couple had known each other from the time his first wife left him.

He was diagnosed with prostate cancer in April 2012 and has successfully completed his treatment. He believes in giving back to the society and has pledged to give away the major portion of his wealth to charity, with 83% of it going to the Bill & Melinda Gates Foundation.

Warren Buffett: Career

  • He 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 as a result of 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 ever investments.
  • He entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies in 2002. He had earned over $2 billion by April 2006.
  • In June 2006, Buffett made an announcement that he would be gradually giving 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. The very next year, Gates regained the first position and Buffett moved to second place.

Awards & Achievements

  • He 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 to be the most successful investor of the 20th century, he is also the biggest philanthropists of our times and had pledged to donate most of his fortunes to social causes.

Warren Buffett: Networth

Net Worth (2022)$103.10 Billion
Net Worth In Indian Rupees7.75 Lakh Crore INR
Monthly Income And Salary$1 Billion +
Yearly Income$8 Billion +
Last Updated2022

Warren Buffett quotes

  1. “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
  2. “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
  3. “It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”
  4. “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
  5. “I just sit in my office and read all day”
  6. “Be fearful when others are greedy and greedy when others are fearful.”
  7. “You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.”
  8. “Risk comes from not knowing what you’re doing.”
  9. “After all, you only find out who is swimming naked when the tide goes out.”
  10. “Your premium brand had better be delivering something wonderful, or it’s not going to get the business.”
  11. “When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.”
  12. “Someone’s sitting in the shade today because someone planted a tree a long time ago.”
  13. “I really like my life. I’ve arranged my life so that I can do what I want.”
  14. “The first rule is not to lose. The second rule is not to forget the first rule.”
  15. “I don’t measure my life by the money I’ve made. Other people might, but I certainly don’t.”
  16. “Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.”
  17. “Price is what you pay, value is what you get.”
  18. “The most important quality for an investor is temperament, not intellect.”
  19. “Never invest in a business you cannot understand.”

Publications and Books by Warren Buffett

  • 2001. Warren Buffett on the stock market. Fortune Investor’s Guide, 80-94.
  • 2001. The essays of Warren Buffett: lessons for corporate America. L. Cunningham.
  • 2012. Warren Buffett: Why stocks beat gold and bonds. Fortune, February, 27.
  • 2010. Warren Buffett on business: Principles from the sage of OmahaJohn Wiley & Sons.
  • 2002. Berkshire Hathaway Inc. Shareholder Letter.
  • 2002. Berkshire Hathaway Annual Report. Berkshire Hathaway Chairman’s Letter (21 Feb. 2003).
  • 2002. Who really cooks the books?. New York Times, 24, A19.
  • 2010. My philanthropic pledge. Retrieved June, 3, 2011.

TRIVIA

  • He bought his first stock when he was 11 years old.
  • He made $53,000 by the age of 16.
  • He was rejected by Harvard Business School.
  • He eats like a 6-year-old. In an interview with Fortune, Buffett claimed he is “one quarter Coca-Cola” — “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.”
  • He’s lived in the same house since 1958. Buffett has lived in the same Omaha house since 1958 that he originally bought for $31,500. The house is a simple five-bedroom, 2.5-bathroom house.
  • His father-in-law told him he would fail.
  • People will pay millions to have lunch with him. Some people are so eager to sit down with Buffett that they’ve bid up to $4.57 million to have lunch with him.
  • In 2013, Buffett earned $37 million a day.
  • Nearly 94 percent of his wealth was earned after he turned 60.
  • He’s never tweeted before. Although Buffett has a Twitter account (@WarrenBuffett) with more than 1.25 million followers — it only has nine published tweets, and it turns out none of them were written by him.
  • Buffett owns 20 suits, but has never paid for any.
  • He spends 80 percent of his day reading. When asked the key to his success, Buffett pointed to a stack of books and said, “Read 500 pages like this every day. That’s how knowledge works. It builds up, like compound interest.”
  • Buffett will give an employee $1 million every year for the rest of his or her life if they can guess the NCAA’s sweet 16 teams.
  • He takes a dozen kids to Dairy Queen every Sunday.
  • Buffett pledged to donate 85 percent of his Berkshire Hathaway stocks to charitable foundations.
  • He was awarded the “Presidential Medal of Freedom” by Barack Obama.
  • Out of all investing legends, Buffett has the best track record for beating the market.
  • His face was on Cherry Coke cans in China.
  • He doesn’t follow anyone on Twitter.
  • He’s a fan of Breaking Bad. As a fan of the hit TV show Breaking Bad, Buffett dressed up as the show’s Water White — a.k.a. Heisenberg — back in 2013.
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Frequently Asked Questions

Warren Buffett, known as the "Oracle of Omaha," is an American businessman and philanthropist, widely considered the most successful investor of the 20th century. He has amassed a personal fortune of more than $60 billion by defying prevailing investment trends.

Warren Buffett is once again one of the five richest people in the world. The legendary 91-year-old investor's $117 billion fortune puts him behind only Elon Musk, Jeff Bezos, Bernard Arnault and Bill Gates in the global wealth rankings, according to the Bloomberg Billionaires Index.

1941
A value investor, Buffett has been investing since 1941, when he was 11. In 80 years of his compounding journey, he shared words of wisdom in dozens of his annual letters and Berkshire Hathaway AGM speeches, which have earned him the stature of a legend in investing community.

After breakfast, Warren gets down to business. The man explains that most days, he just sits in his office and reads all day. The Oracle states that most of the materials he reads relate to company financials, market materials, financial journals, and investor reports.

Known as the "Oracle of Omaha," Warren Buffett is one of the most successful investors of all time. Buffett runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen.

eight hours
Warren Buffett likes to sleep. He says he usually sleeps a full eight hours a night. He reportedly wakes up at 6:45 a.m. and starts his day reading newspapers like the Wall Street Journal and USA Today.

Money Metric Amount
Per Day: $14,278,847
Per Hour: $594,951
Per Min: $9,915
Per Sec: $165

CEO, lives a modest lifestyle despite his net worth of around $108.9 billion (as of May 24, 2021). 1 He purchased a five-bedroom house in Omaha in 1958 for $31,500 and has lived there ever since. Buffett spends little. He only recently relinquished his flip phone, and reportedly does not have a computer in his office.

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