Warren Buffett: The Story Behind the Fortune
Warren Buffett, the "Oracle of Omaha," is chairman and CEO of Berkshire Hathaway and one of the most successful investors in history. He built a conglomerate spanning insurance, railroads, energy, and consumer brands, and is known for his value-investing philosophy.
Warren Buffett, the "Oracle of Omaha," is chairman and CEO of Berkshire Hathaway and one of the most successful investors in history. He built a conglomerate spanning insurance, railroads, energy, and consumer brands, and is known for his value-investing philosophy.
Warren Buffett built this fortune from the ground up — a self-made success in finance & investments.
He studied at Columbia Business School and is based in Omaha, Nebraska.
A few of the highlights on the public record: Bought his first stock at age 11; Still lives in the Omaha home he purchased in 1958; Has pledged to give away more than 99% of his wealth.
The journey to get here is well documented. In 1942, bought his first shares — Cities Service preferred stock. In 1951, learned value investing from Graham at Columbia Business School. In 1956, launched the Buffett Partnership in Omaha. In 1965, gained control of the struggling textile maker and reshaped it into a holding company. In 1988, began accumulating a signature long-term stake in Coca-Cola. In 2006, pledged to give away the bulk of his fortune, largely through the Gates Foundation.
In his own words: "Be fearful when others are greedy, and be greedy when others are fearful." — said “Buy American. I'm Buying.” — his op-ed in The New York Times in 2008.
On net worth alone, the closest companies are Abigail Johnson ($28.00B) and Elon Musk ($417.59B) — a reminder of how tightly bunched the very top of the wealth list really is.
On the giving side: has pledged to give away more than 99% of his wealth.
Today, Warren is worth an estimated $104.69B — #12 in the world on our real-time list, a figure that moves with BRK-B's share price.