Warren Buffett, born on August 30, 1930, is the chairman and CEO of Berkshire Hathaway, a multinational company. Buffett developed an interest in business and investment while still in his youth and he went on to study the concepts once he got to college. He is known for his immense wealth and his generosity. He is the world’s sixth-richest person. Join us as we celebrate this well-known investor’s birthday, right here!
Oracle of Omaha
August 30, 1930
Warren Buffett was born in Omaha, Nebraska and his ethnicity is German-English He is the son of Leila and Howard Buffett and he has two sisters. Buffett got bit by the entrepreneurship and investment bug from a young age. As a boy, he went door to door selling chewing gum, coca-cola, and magazines; it was one of his first business ventures. While in high school, Buffet and a friend started a business of placing used pinball machines, which they bought, in barbershops. They later sold the business for $1200. He also invested in his father’s business and bought a piece of land. By the time he finished college, he had earned $9800, which is currently equal to $107,000.
Buffet has a degree in business administration from University of Nebraska; a Master of Science degree in Economics from Colombia Business School and he attended the New York Institute of Finance. Buffett started his career in 1951, as an investment salesman, then worked as a securities analyst from 1954. He was a general partner at “Buffett Partnership Ltd.” from 1956 to 1969. While working his jobs, he invested in other businesses, and in 1957 was operating three partnerships at the same time. The number increased in the following years; first to five in 1958 and then to seven by 1960. By 1962, Buffet was a millionaire owing to his numerous partnerships and merged all his partnerships. He invested in and later took control of a textile manufacturing company, Berkshire Hathaway. He bought shares from the firm’s parent company, which he later fired. The company acquired shares in various other businesses and Buffett later closed Berkshire Hathaway’s textile business, moving it into the insurance sector. By 1970, he was the company’s CEO and Chairman.
Buffet ran his investment business successfully for a long time after that, eventually becoming a billionaire. Berkshire Hathaway acquired more shares in different businesses and became a multinational conglomerate. In 2007, with the Great Recession, Buffett faced a lot of challenges and criticism, especially for his decision to allot capital too early, which led to unsatisfactory deals. In 2014, Berkshire Hathaway’s shares reached $200,000 per share, and the company capitalized at $328 billion. The share numbers have increased since then to $500,000 per share. Buffett is often referred to as the “Oracle,” or “Sage” by the media.
Buffet married Susan Thompson in 1952 when he began his career. They had three children. They separated but remained married until she passed away in 2004. The investor went on to marry Astrid Menks in 2006, on his 76th birthday.
Buffet gets his first job as an investment salesman at Buffett-Falk & Co.
Buffett’s diverse investments and partnerships earn him millions.
Buffett buys Berkshire Hathaway and later turns it into an investment business.
Buffett becomes the chairman and CEO of Berkshire Hathaway.
Berkshire Hathaway gets to $200,000 per share and the company capitalizes at $328 billion.
Why We Love Warren Buffett
He is a trailblazer in the business world
Buffett is one of the massively successful people in his field. We love that he has worked hard to develop the traits that set him apart from his competitors.
He has a big heart
Buffett is well known for his philanthropy work. Forbes Magazine has placed his giving at 48 billion dollars to various charities.
He is always imparting knowledge and inspiring people
Buffett is known for always teaching people lessons in investing. His mentorship has motivated upcoming investors to follow in his footsteps and they too have become successful.
5 Surprising Facts
He knows how to pay the ukulele
Buffett has played the instrument since childhood.
He’d wanted to work on Wall Street
It was one of Buffett’s dreams to work on Wall Street but he was advised not to.
Harvard Business School rejected him
This had been Buffet’s preferred choice before he enrolled in Colombia Business School.
He loves junk food
Buffet has confessed that he is a huge fan of ice cream, Coca-Cola, and MacDonalds.
He has never moved house since 1958
The five-bedroom apartment he bought for $31,500 has been his home for the past 64 years.
Warren Buffett FAQs
What is the Warren Buffett Rule?
Buffet says: “The first rule of investment is don’t lose money. And the second rule is don’t forget the first rule.”
Why is Warren Buffett a good role model?
Buffett has always believed in the thought that in order to succeed, it is important to surround oneself with the right people and to grow relationships.
Does Warren Buffett ever lose money?
Buffett lost $23 Billion in the 2008 financial crisis, and Berkshire Hathaway lost its AAA rating.
Warren Buffett’s birthday dates