Biography

WARREN BUFFETT – Biography, Age, Family, Net-worth & Businesses

WARREN BUFFETT – Biography, Age, Family, Net-worth & Businesses

WARREN BUFFETT – Biography, Age, Family, Net-worth & Businesses

 

WHO IS WARREN BUFFETT?

As one of the most well-known and generous benefactors in history, Warren Buffett is well-known to most people. Berkshire Hathaway, an Omaha-based international conglomerate holding firm, has him as chairman, CEO, and the business’s largest stakeholder.

For his personal thrift and devotion to ethical values in successful company administration, he is highly recognized by his peers and the rest of the globe. Buffett, known as the ‘Oracle of Omaha,’ went from humble beginnings to become one of the world’s wealthiest people via pure determination and a sharp eye for investment.

 

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BIOGRAPHY

Warren Buffett was born in Omaha, Nebraska, on August 30, 1930. Howard Buffett, the father of Warren Buffett, was a stockbroker and a member of the United States House of Representatives. Homemaking was something that Leila Stahl Buffett excelled at. Second, of three children, Buffett was the only male. The young boy was a mathematical prodigy who could add vast columns of numbers in his head, a talent he occasionally displayed in his later years, according to friends and acquaintances.

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When Buffett was a kid, he’d go to his father’s stock brokerage company and write down stock prices on the office chalkboard. 11 years old and his first investment was in Cities Service Preferred at $38 a share, he made his first investment. Buffett hung on until the price rose to $40, despite a sharp plunge to just $27. Despite making a tiny profit, he regretted selling when Cities Service surged to about $200 a share. The event taught him patience in the stock market.

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WARREN BUFFETT – Biography, Age, Family, Net-worth & Businesses

WIKI – BIODATA 

 

Real Name Warren Edward Buffett
Profession Investor, Financer, Entrepreneur, Philanthropist, Actor
Famous For Oracle of Omaha, CEO  Berkshire Hathaway
Physical Status
Age 91 Years
Height
  • In centimeters- 170 cm
  • |In Feet Inches-5 ft 10 in
Weight
  • In Kilograms- 83 kg
  • In Pounds- 183 lbs
Eye Colour Green
Hair Colour Grey
Personal Information
Date of Birth August 30 1930
Religion Agnostic
Birth Place Omaha, Nebraska, United States
Zodiac sign Virgo
Nationality American, Scandinavian
School Name Wharton School of the University
College Name University of Nebraska
Qualifications University of Pennsylvania University of Nebraska–Lincoln (BS) Columbia University (MS)
Family Profile
Father Name Howard Buffett
Mother Name Leila Stahl Buffett
Siblings Doris Buffett, Roberta Buffett Elliott
Children Susan Alice Buffett, Howard Graham Buffett, and Peter Buffett.
Relationships/Affairs
  • Astrid Menks (m. 2006),
  • Susan Buffett (m. 1952–2004)
Career
Source Of Income 55 million shares of Amazon, Blue Origin, and Many More
Appeared In 1999 – Time Person Of The Year
Net Worth, Salary $194 billion
Hobbies Travel, Vacations, Reading, Investments

 

WARREN BUFFETT – Biography, Age, Family, Net-worth & Businesses

CAREER 

Buffett-Falk & Co. employed Warren Buffett as an investment salesman from 1951 through 1954. In 1950, when he was just 20 years old, he had already saved about $10,000, proving that he was an excellent investor.

At Benjamin Graham’s partnership in 1954, he was given a starting salary of $12,000 per year. Mr. Buffett’s supervisor was an extremely tough person to work for, requiring obedience to established investment norms that Buffett’s young intellect questioned.

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In 1956, Benjamin Graham announced his retirement and the closing of his firm. By this point, Buffett had amassed a sizable personal fortune, which he used to establish the Omaha-based Buffett Partnership Ltd. investment firm.
Seven partnerships were in operation by the end of the decade after he started operating numerous other partnerships. As a result of his revenues from all of his partnerships, he became a billionaire in 1962.

One of the investments he made was in Berkshire Hathaway, a textile manufacturing company. As early as the early 1960s, he began aggressively accumulating Berkshire Hathaway stock, eventually taking over the company as its sole owner.

WARREN BUFFETT – Biography, Age, Family, Net-worth & Businesses

As of 1985, Berkshire Hathaway’s textile operations had been sold off, following a transition in the late 1960s from textiles to insurance.

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Salomon Inc. became the largest stakeholder of Berkshire Hathaway in 1987, and Warren Buffett became its director. John Gutfreund, CEO of Salomon Brothers, resigned following a scandal in 1990. As a result of the situation, Buffett assumed the role of chairman until it was resolved.

Starting in 1988, Warren Buffett began buying Coca-Cola Firm stock for $1.02 billion, eventually purchasing up to 7% of the company. It would be one of Berkshire’s most successful investments ever.

In 2002, he signed forward contracts totalling $11 billion to deliver US money against international currencies. By April 2006, he had made more than $2 billion.

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WARREN BUFFETT – Biography, Age, Family, Net-worth & Businesses

According to an announcement made by Warren Buffett in June 2006, the Bill and Melinda Gates Foundation would receive the largest portion of Buffett’s Berkshire Hathaway holdings, which totaled 85 per cent of his total holdings.

In 2008, Forbes put his net worth at $62 billion, making him the world’s richest man, surpassing Bill Gates, who had held the top spot on the list for the previous 13 years. Gates reclaimed first place the next year, while Buffett fell to second.

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FAMILY, MARRIAGE AND PERSONAL LIFE

Susan Thompson, Warren Buffett’s wife of more than 50 years, married him in 1952. Three children were born to the couple. Susan ended their relationship in 1977 and began living on her own. Until Susan’s death in 2004, they remained legally married and never divorced.

WARREN BUFFETT – Biography, Age, Family, Net-worth & Businesses

Since his first wife had left him, he had been in a relationship with Astrid Menks, whom he married in 2006.
He was diagnosed with prostate cancer in April of last year and has since undergone and completed treatment for the disease with no further recurrence.

He is a firm believer in giving back to society and has committed to donating the vast majority of his fortune to the Bill & Melinda Gates Foundation, which will receive 83% of it.

 

CHILDREN

Warren Buffett and his late wife Susan Buffett, have three children together — Susan Alice Buffett, Howard Graham Buffett, and Peter Buffett.

 

WARREN BUFFETT INVESTMENTS & BUSINESSES TILL DATE

  • The Apple

Berkshire Hathaway’s largest holding is Apple Inc. (AAPL), with a stake of 47.6 per cent. Berkshire Hathaway owns nearly one billion shares in the IT giant, worth $157.5 billion at the time of its reporting.

Following Berkshire Hathaway’s February 2018 purchase of more shares in the Steve Jobs-founded company, Apple overcame Wells Fargo in 2018 to take the top spot.

  •  Bank of America

Buffett’s second-largest stake, worth $45 billion and accounting for 13.6% of his portfolio as of Q1 2022, is in Bank of America Corporation (BAC), of which he owns one billion shares. In 2011, after the financial meltdown of 2008, Buffett became interested in this company and contributed to its stabilization.

WARREN BUFFETT – Biography, Age, Family, Net-worth & Businesses

Through a private sale for $5 billion, Berkshire Hathaway agreed to buy 50,000 shares of Bank of America’s preferred stock with a liquidation value of $100,000 per share.

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4 Banking equities like Bank of America, the nation’s second-largest by assets, are a natural fit for Warren Buffett’s portfolio.

 

  • American Express

Buffett’s second top-five financial services pick, American Express (AXP), accounts for 7.5% of the fund. Berkshire Hathaway controls 151.6 million shares, valued at $24.8 billion as of Q1 2022. 51

 

In 1963, when the credit card company was in desperate need of funds to expand its operations, Buffett bought his first interest in it. Since then, Buffett has saved the company numerous times, most notably during the financial crisis of 2008.

WARREN BUFFETT – Biography, Age, Family, Net-worth & Businesses
  • The Coca-Cola Company

Buffett once claimed to eat at least five cans of Coca-Cola every day, which may explain why the Coca-Cola Company (KO) stock is his third-largest position. But one thing is for certain: Buffett appreciates the endurance of the company’s fundamental product, which has stayed practically constant over time, with the exception of the ill-fated “New Coke” formula repackaging in the mid-1980s. This makes sense, given that Buffett started buying Coca-Cola shares in the late 1980s following the stock market meltdown of 1987.

WARREN BUFFETT – Biography, Age, Family, Net-worth & Businesses

As of Q1 2022, with 400 million shares, valued at around $23.7 billion, Coca-Cola accounted for 7.2 percent of the Berkshire Hathaway portfolio.

  • Kraft Heinz

Berkshire Hathaway and 3G Capital announced on February 14th, 2013, a $28 billion deal to purchase the H.J. Heinz Company, a global food brand.

7 Two years later, the company combined with Kraft to become the Kraft Heinz Company (KHZ) (KHZ). Share prices fell from a high of $96.65 in February 2017 to $19.99 in March 2020 as a result of the merger’s adverse effects. 8

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While this may be the case, Buffett still appears to have faith in Kraft Heinz, holding 325.6 million shares worth an estimated $11.7 billion as of the first quarter of 2022. This is enough to position Kraft Heinz as number five in our ranking of Buffett holdings, comprising 3.5 per cent of the portfolio. 1

WARREN BUFFETT – Biography, Age, Family, Net-worth & Businesses

Berkshire Hathaway, managed by Warren Buffett, is a big shareholder in a slew of publicly traded firms. In addition to the top five indicated above, Berkshire’s top 10 holdings also include major interests in Moody’s (MCO), Verizon (VZ), U.S. Bancorp (USB), Chevron (CVX), and Bank of New York (BNY), among several others. In addition to these public enterprises, Berkshire also owns many privately-held firms such as GEICO Insurance, BNSF Railways, and Cypress Insurance.

 

NET WORTH

As of early April 2022, Buffett’s net worth is $125.9 billion, making him the fifth-richest man in the world (he was #2 in 2015). At 91, Buffett shows no signs of stopping anytime soon. And while he could have an 11-figure wealth, Buffett apparently earns only $100,000 a year at Berkshire Hathaway and spends it judiciously.


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