Warren Edward Buffett is an American business magnate, investor, and philanthropist. Buffett serves as the Chief Executive Officer and Chairman of Berkshire Hathaway. source
Warren Edward Buffett is a business tycoon who always ranks among the wealthiest people in the world, the mind of the investment and financial holding company Berkshire Hathaway, the author of educational instruments devoted to the fundamentals of investing funds, a philanthropist. In 2010, he made an unprecedented effort. He called on the world's business leaders to deliver the so-called "Oath of Donation", that is, sign a pledge that they would invest more than half of their income on charity. In 2016, the number of signatories to the record reached 154.
In 2015, Warren was third at the billionaire evaluation by The Bloomberg Billionaires Index, losing only to Microsoft co-founder Bill Gates and proprietor of clothing manufacturer Inditex Amancio Ortega. Just for the first 6 months of 2016, his fortune increased by $ 2.7 billion and has been estimated at $ 65 billion (against 89 Gates and 73 Ortega), and a number of contributions to philanthropic organizations, primarily to the fund based on Bill and Melinda Gates, amounted to $ 2.9 billion.
A gifted entrepreneur and intellectual with amazing intuition and even obtained the ironic nickname "Oracle" is known for his devotion to long-term investment and private thrift. In terms of political tastes, during the election campaign for the presidency in 2016 he actively encouraged and provided sponsorship to Democratic candidate Hillary Clinton.
The future legendary investor was born on August 30, 1930 at the city of Omaha, Nebraska, in the household of an exchange dealer, after a congressman, and housewives, in the past a photo model. The couple had two brothers - the elder Doris and Roberta, the youngest child in the household.
The father's profession had an effect on his son's enthusiasm for financing. In the age of 6 he surprised his parents with his humor - he bought several cans of Coke and offered them home twice more. At 11 years old, with united his savings with his sister, he obtained in the market 3 stocks of Cities Service, which provided gas to town homes. Their cost at first diminished, forcing him to stress, and then grew from 38 to 40 dollars. At this time, Warren hurried to market shares and got a small gain, but soon regretted it bitterly, as later the value of securities increased fivefold. This experience made him subsequently be more balanced, not in a hurry and always give preference to long-term investments. In Washington, Warren continued his studies at college. He did not abandon business experiments. He spent it on purchasing a plot of land in 40 acres (about 16 hectares), which he started to rent to farmers.
At the age of 15, the young entrepreneur with his buddy invested $ 75 at the purchase of three secondhand pinball machines and installed them in hairdressing salons. Soon after, the adolescent announced to his family about his intention to be a millionaire by the age of 30. Looking forward, we notice that his forecast was implemented almost on time - at the age of 31, he became the owner of a millionth estate.
At the insistence of his parents in 1947, the young man entered the fiscal faculty of the University of Pennsylvania. He himself would like to concentrate on his business projects rather than waste time researching, but his father convinced him of the need for adequate education.
After the father left the Congress in 1948, the family returned to their hometown, and the young man moved to the University of Nebraska-Lincoln, where in 1949 he received an academic degree in business management.
Then there was an unsuccessful effort to keep on learning already to Harvard, and the future billionaire successfully became a pupil in the School of Business of Columbia University, where at that time he had been educated by the renowned economist Benjamin Graham, the creator of the idea of value investment. Furthermore, he was a free listener at the New York Institute of Finance.