Warren Buffett
Warren Edward Buffett (/ˈbʌfɪt/ BUFF-itt; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net worth of over $98 billion as of July 2022, making him the world's eighth-wealthiest person.
Warren Buffett | |
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Born | Warren Edward Buffett August 30, 1930 Omaha, Nebraska, U.S. |
Education | University of Pennsylvania University of Nebraska–Lincoln (BS) Columbia University (MS) |
Occupation |
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Years active | 1951–present |
Known for | Leadership of Berkshire Hathaway with Charlie Munger |
Political party | Democratic |
Spouse(s) | Astrid Menks
(m. 2006) |
Children | Susan Alice Buffett Howard Graham Buffett Peter Buffett |
Parent(s) | Howard Buffett Leila Stahl Buffett |
Relatives | Howard Warren Buffett (grandson) Doris Buffett (sister) |
Website | www www |
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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.
Buffett is a philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation. He founded The Giving Pledge in 2010 with Bill Gates, whereby billionaires pledge to give away at least half of their fortunes.