Warren Edward Buffett

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Source URL https://en.wikipedia.org/wiki/Warren_Buffett
Date published 2021-10-27
Curation date 2021-10-27
Curator Dr. Victoria A. Stuart, Ph.D.
Modified
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Summary Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over $101.1 billion as of October 2021, making him the world's tenth-wealthiest person.
Key points

  • Known as the "Oracle of Omaha," Warren Buffett is one of the most successful investors of all time.

  • Warren Buffett runs Berkshire Hathaway, which owns more than 60 companies, including insurer GEICO, battery maker Duracell and restaurant chain Dairy Queen.

  • The son of a U.S. congressman - Howard Homen Buffett - Warren Buffett first bought stock at age 11 and first filed taxes at age 13.

  • Warren Buffett has promised to donate over 99% of his wealth. So far he has given more than $45 billion, mostly to the Bill & Melinda Gates Foundation and his kids' foundations.

  • In 2010, Warren Buffett and Bill Gates launched , asking billionaires to commit to donating at least half of their wealth to charitable causes.

  • Source for the above: Forbes.com.
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Warren Edward Buffett
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Personal Details
 
Name Warren Edward Buffett
Born 1930-08-30
Birthplace Omaha, Nebraska, U.S.A.
Spouses
Children
Parents
Siblings Sister: Doris Eleanor Buffett
Relatives Howard Warren Buffett (grandson)
Nationality American
Residence Omaha, Nebraska, U.S.A.
Education
Occupation
  • Businessman
  • Investor
  • Philanthropist
Owner of Berkshire Hathaway
Years active 1951-present
Notable holdings
(Berkshire Hathaway)
Awards
Known for Leadership of Berkshire Hathaway with Charlie Munger
Wealth $US104.4 billion (Forbes, 2021-10-27)
Source of
wealth		 BerkshireHathaway.com
Spirituality Raised Presbyterian; self-described agnostic
Political affiliation Supported Democratic Party candidates Barack Obama,  Hillary Clinton
Websites
Contents
  • This article is a stub [additional content pending ...].

    • Background

    Warren Edward Buffett (born August 30, 1930) is an American business magnate, investor, and philanthropist. Warren Buffett is currently the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over $101.1 billion as of October 2021, making him the world's tenth-wealthiest person.

    Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring to and graduating from the University of Nebraska at 19. He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing pioneered by Benjamin Graham. He attended New York Institute of Finance to focus his economics background and soon after began various business partnerships, including one with Graham. He created Buffett Partnership, Ltd. in 1956 and his firm eventually acquired a textile manufacturing firm called Berkshire Hathaway, assuming its name to create a diversified holding company. In 1978, Charlie Munger joined Buffett as vice-chairman.

    Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970. He has been referred to as the "Oracle" or "Sage" of Omaha by global media. He is noted for his adherence to value investing, and his personal frugality despite his immense wealth. Research published at the University of Oxford characterizes Buffett's investment methodology as falling within "founder centrism," defined by a deference to managers with a founder's mindset, an ethical disposition towards the shareholder collective, and an intense focus on exponential value creation. Essentially, Buffett's concentrated investments shelter managers from the short-term pressures of the market.

    Buffett is a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation. He founded in 2009 with Bill Gates, whereby billionaires pledge to give away at least half of their fortunes.

    Buffett was elected to the American Philosophical Society in 2009.

  • This article is a stub [additional content pending ...].

    • Additional Reading

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