Warren Edward Buffett famed as Warren Buffett is an American investor, business tycoon, and philanthropist. Moreover, he is also 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 US$88.9 billion as of December 2019, making him the fourth-wealthiest person in the world. He founded The Giving Pledge in 2009 with Bill Gates, whereby billionaires pledge to give away at least half of their fortunes. In 2015, he made his theatrical film debut in a guest appearance in the comedy movie, “Entourage”. In 2003, he made his TV show debut by lending his voice to the character of James Madison in “The Man Who Wouldn’t Be King” episode of the adventure drama TV series, “Liberty’s Kids: Est. 1776”. He made his first physical TV show appearance on the news talk show, “Charlie Rose”, in June 2006. As of April 2020, his net worth is estimated to have the US $70.5 Billion as per wiki. He developed his own investment principles which helped him acquire a lot of wealth; he was already a millionaire by the time he was in his early thirties. He owns several coal mines, renewal energy firms shares, merchandise, and consuming goods. He believes in giving back to the society and has pledged to give away the major portion of his wealth to charity, with 83% of it going to the Bill & Melinda Gates Foundation.
Warren Buffett’s Berkshire Hathaway Boosts Liberty SiriusXM Stake
Warren Buffett’s Berkshire Hathaway looks set to invest more than $330 million into Liberty SiriusXM in a matter of weeks. After Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) came under the spotlight for disclosing it sold stock in Delta Air Lines Inc (NYSE: DAL), Southwest Airlines Co (NYSE: LUV) and other airlines, Warren Buffett has made a few new, lesser-known investments. Since the end of May, Berkshire Hathaway increased its stake in Liberty SiriusXM Group (NASDAQ: LSXMK), in 300,000 share chunks. “ORTEX Analytics insider data shows that Berkshire Hathaway has since the 21st of May bought almost 4.4 million shares in Liberty Media for just over $151 million,” ORTEX Analytics co-founder Peter Hillerberg told Benzinga. “Last time Berkshire Hathaway was buying Liberty Media, in May 2017, they saw a return of almost 20% in the next two months.” On May 20, Morgan Stanley lowered its price target on Liberty SiriusXM Group while maintaining an Overweight rating on the stock. The rating adjustment came alongside news that the company strengthened its balance sheet in the first quarter of 2020. The billionaire investor’s company spent $152 million on the media group’s “C” shares between May 21 and June 1, SEC filings show. Berkshire also received 4.3 million rights to buy more “C” shares as part of a rights issue and purchased another 2.9 million rights on the open market last month.
- Being one of the most popular and successful stock investors.
- Being the co-owner of the multinational conglomerate holding company, Berkshire Hathaway. It is considered as the third largest public company in the world. As of figures released at the end of 2017, the company owned assets worth more than $700 billion and had revenue upwards of $242 billion.
- Being considered as the leading proponent of value investing.
- Being one of the richest men in the world. His net worth, as of March 2018, is more than $91 billion.
What is the Birthplace of Warren Buffett?
On 30th August 1930, Warren Buffett was born with the birth name of Warren Edward Buffett. His birthplace/hometown is in Omaha, Nebraska, the USA. As of 2019, he celebrated his 89th birthday. His nationality is American and his ethnicity is American-White. His race is White. He was born to his parents; Howard (father) and Leila Buffett (mother). He also had two siblings; Doris Buffett (Sister) (Founder of The Sunshine Lady Foundation), Roberta Buffett Elliott (Sister). His father was a four-term U.S. congressman. As per his education, he started his education at the Rose Hill Elementary School. He then got admission to Alice Deal Junior High School. He later got into Woodrow Wilson High School and graduated in 1947. He then got enrolled in the Wharton School of the University of Pennsylvania in 1947. After studying at the university for 2 years, he shifted to the University of Nebraska. He graduated from the University at the age of 19 with a Bachelor of Science in Business Administration. He had then applied for admission to Harvard Business School but his application was rejected. He eventually got enrolled at Columbia University’s Columbia Business School. At the Columbia Business School, he got to study under Benjamin Graham, who would have a major influence on Warren’s investment policy. He graduated from Columbia with a Master of Science in Economics. He then studied at the New York Institute of Finance. He was raised in a Presbyterian household. However, as an adult, he identifies himself as an agnostic. His Zodiac sign is Virgo.
How Warren Buffett Became Billionaire?
- Warren Buffett worked at his father’s company, “Buffett-Falk & Co.” from the year 1951 to 1954 as an investment salesman; from 1954 to 1956 at Graham-Newman Corp. as a securities analyst; from 1956 to 1969 at Buffett Partnership, Ltd. as a general partner; and from 1970 as Chairman and CEO of Berkshire Hathaway Inc.
- By the age of 20, he had already amassed savings worth almost $10,000 in 1950 which showed what an astute investor he was.
- In the yar 1951, He discovered that Graham was on the board of GEICO insurance and he knocked on the door of GEICO’s headquarters until a janitor admitted him.
- He then returned to Omaha and worked as a stockbroker while taking a Dale Carnegie public speaking course.
- He was appointed at a starting salary of $12,000 a year at Benjamin Graham’s partnership in 1954.
- His boss was a difficult man to work with and expected strict adherence to conventional rules of investing which Buffett’s young mind questioned.
- Benjamin Graham retired and closed his partnership in the year 1956.
- By this time, he had a large amount of personal savings with which he opened Buffett Partnership Ltd., an investment partnership in Omaha.
- He also started operating several other partnerships and by the end of the decade, he had seven partnerships operating.
- He became a millionaire in the year 1962 as a result of his earnings from all his partnerships.
- He also merged all the partnerships into one and invested in a textile manufacturing firm called “Berkshire Hathaway”.
- He then began purchasing the shares of Berkshire Hathaway aggressively during the early 1960s and eventually took over the control of the company.
- During the late 1960s, he shifted the business from textile into the insurance sector, and by 1985 the last of the textile mills under Berkshire Hathaway had been sold off.
- “Berkshire Hathaway” purchased a 12% stake in Salomon Inc. in the year 1987 which became its largest shareholder; Buffett became its director.
- Following a scandal in the year 1990, John Gutfreund the CEO of Salomon Brothers left the company in the year 1991.
- He took over as chairman till the crisis passed.
- He then began buying stocks in the Coca-Cola Company in 1988 eventually purchasing up to 7% of the company for $1.02 billion which would prove to be one of Berkshire’s best ever investments.
- He then entered in $11 billion worth of forwarding contracts to deliver U.S. dollars against other currencies in the year 2002.
- He had earned over $2 billion by April 2006.
- In June 2006, he made an announcement that he would be gradually giving away 85% of his Berkshire holdings to five foundations, the largest contribution of which would go to the Bill and Melinda Gates Foundation.
- He became the richest person in the world in 2008 with a total net worth estimated at $62 billion by Forbes, overtaking Bill Gates who had been the No.1 on Forbes list for the past 13 years.
- The very next year, Gates regained the first position and Buffett moved to second place.
- In October 2008, the media reported that he had agreed to buy General Electric (GE) preferred stock.
- He received an option to buy three billion shares of GE stock, at $22.25, over the five years following the agreement, and Buffett also received a 10% dividend (callable within three years).
- In February 2009, he sold some Procter & Gamble Co. and Johnson & Johnson shares from his personal portfolio.
- On 14th August 2014, the price of Berkshire Hathaway’s shares hit $200,000 a share for the first time, capitalizing the company at $328 billion.
- On 20th August 2014, Berkshire Hathaway was fined $896,000 for failing to report December 9, 2013, purchase of shares in USG Corporation as required.
- In the year 2009, he invested $2.6 billion as a part of Swiss Re’s campaign to raise equity capital and acquired Burlington Northern Santa Fe Corp. for $34 billion in cash and stock.
- Buffett, along with Bill Gates, was named the most influential global thinker in Foreign Policy’s 2010 report.
- On 9th December 2010, Buffett, Bill Gates, and Facebook CEO Mark Zuckerberg signed a promise they called the “Gates-Buffett Giving Pledge”, in which they promise to donate to charity at least half of their wealth, and invite other wealthy people to follow suit.
- On 18th March 2011, Goldman Sachs was given Federal Reserve approval to buy back Berkshire’s preferred stock in Goldman.
- In November 2011, it was announced that over the course of the previous eight months, Buffett had bought 64 million shares of International Business Machine Corp (IBM) stock, worth around $11 billion.
- In May 2012, Buffett’s acquisition of Media General, consisting of 63 newspapers in the south-eastern U.S., was announced.
- In 2018, after making almost $3.4 billion donations, he was ranked 3rd in the Forbes’ List of Billionaire 2018. He is considered one of the most successful investors in the world and has a net worth of US$88.9 billion as of December 2019, making him the fourth-wealthiest person in the world.
Books About Buffett
- In October 2008, USA Today reported at least 47 books were in print with Buffett’s name in the title. Books or publications by Buffett:
- The Essays of Warren Buffett: Lessons for Corporate America, Warren Buffett, and Lawrence A. Cunningham, The Cunningham Group; revised edition (April 11, 2001)
- The Essays of Warren Buffett: Lessons for Corporate America, Second Edition, Warren E. Buffett and Lawrence A. Cunningham, The Cunningham Group; 2nd edition (April 14, 2008)
- Carol J. Loomis, Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2012: A Fortune Magazine Book.
- Preston Pysh, Warren Buffett’s Three Favorite Books. (An interactive book that references Buffett’s Books for online videos)
- Roger Lowenstein, Buffett, Making of an American Capitalist
- Robert Hagstrom, The Warren Buffett Way.
- Alice Schroeder, The Snowball: Warren Buffett and the Business of Life. (Written with Buffett’s cooperation.)
- Mary Buffett and David Clark, Buffettology, and four subsequent books. (Combined sales of more than 1.5 million copies.)
- Janet Lowe, Warren Buffett Speaks Wit and Wisdom from the World’s Greatest Investor.
- John Train, The Midas Touch: The Strategies That Have Made Warren Buffett ‘America’s Preeminent Investor’.
- Andrew Kilpatrick, Of Permanent Value: The Story of Warren Buffett. (The longest of the books about Buffett, with 330 chapters, 1,874 pages, and 1,400 photos, weighing 10.2 pounds.)
- Robert P. Miles (2004). Warren Buffett Wealth: Principles and Practical Methods Used by the World’s Greatest Investor. John Wiley and Sons.
- John P. Reese, “The Guru Investor: How to Beat the Market Using History’s Best Investment Strategies”. (Includes step-by-step stock-picking method based on Buffett’s approach)
- Tavakoli, Janet M. (January 6, 2009). Dear Mr. Buffett: What an Investor Learns 1,269 Miles from Wall Street. John Wiley & Sons.
- Janjigian, Vahan (May 1, 2008). Even Buffett Isn’t Perfect: What You Can–and Can’t–Learn from the World’s Greatest Investor. Penguin.
Awards and Achievements of Warren Buffett
Warren Buffett was presented with the Presidential Medal of Freedom by President Barack Obama in 2011. He is the chairman and CEO of Berkshire Hathaway and ranks among the world’s wealthiest people. He is considered to be the most successful investor of the 20th century, he is also the biggest philanthropists of our times and had pledged to donate most of his fortunes to social causes.
How much is Warren Buffett’s Net Worth as of 2020?
Warren Buffett is one of the world’s wealthiest people and perhaps the most influential philanthropists of our times. He is the chairman, CEO, and the largest shareholder of Berkshire Hathaway, a multinational conglomerate holding company headquartered in Omaha. He rose from a modest beginning to become one of the richest men on earth through his sheer hard work and a keen sense of investing. As of April 2020, his net worth is estimated to have the US $70.5 Billion as per wiki. Не mаkеѕ mіllіоnѕ еvеrу mоnth frоm hіѕ іnvеѕtmеntѕ аѕ wеll аѕ оthеr рrојесtѕ. Ніѕ buѕіnеѕѕеѕ аlѕо hеlр hіm іn mаkіng а mіllіоn-dоllаr rеvеnuе еvеrу уеаr. He is satisfied with his earnings at present. He does not require any salary as he is a businessman and investor. He has appeared in a TV commercial for Geico. He has also lent his voice to the TV commercial for 23andMe Inc. which is a California based DNA testing company. As of 2017, he bought the house for $31,500 in 1958 or about $250,000 in today’s dollars. It’s now worth an estimated $652,619.
Who is Warren Buffett’s Wife?
Warren Buffett is a married man. Firstly, he got married to Susan Thompson in the year 1952. It has been reported that their shared interest in music had brought them together. In July 1953, she gave birth to their daughter, Susan Alice Buffett. In the year 1954, she gave birth to their first son, Howard Graham Buffett, who is a businessman and conservationist. They welcomed their second son, Peter Buffett into their family in May 1958. The decision to separate in 1977 as she wanted to pursue a career in the music industry. She moved to San Francisco but they didn’t get divorced and were legally married until her death in 2004. Warren has been in a relationship with Astrid Menks since 1977. His wife Susan had arranged for them to meet before she left for San Francisco. The three of them had a very unusual equation as they were very close to each other and the Christmas cards were sent together from them. On his 76th birthday eve, he got married to Astrid for the second time in a private ceremony in the year 2006. As of now, the duo is living a happy life without any disturbances. His sexual orientation is straight and he is not gay.
How tall is Warren Buffett?
At the age of 89, Warren Buffett still looks very handsome and cool. With an average body build, he stands at the tall height of 5 ft 10 in or 178 cm with a bodyweight of 83 Kg or 83 lbs. His hair color is White and his eye color is Green. He has a prominent nose and he often wears rimmed glass spectacles. His other body measurements such as biceps size, waist size, chest size, dress sizes, and more are unknown. Overall, he has got a healthy body with a charming smile. On April 11, 2012, he has diagnosed with stage I prostate cancer during a routine test.