Warren Buffett 101: Who is the Famous American Businessman? In this article on Zatrun.com, we will cover in detail everything you need to know about Warren Buffett, the famous American businessman that our readers are curious about.
Who is Warren Buffett?
Warren Edward Buffett, born on August 30, 1930 in Omaha, Nebraska, is an American businessman and stock investor. 20. he is one of the most successful investors in Decadence and is the CEO and largest shareholder of Berkshire Hathaway investment company. He is considered the richest person worldwide. He ranked first on Forbes Magazine’s 2008 Billionaires List with a fortune of $ 62 billion.
He was also selected by Time magazine as one of the most influential people in the world in 2012. In June 2006, the investment company donated 10 million shares (about $ 30 billion) to the Bill and Melinda Gates Foundation, making it the largest donation made in the United States.
Warren Edward Buffett was born in Omaha, Nebraska, the middle of three children of stockbroker Howard Buffett and Leila Buffett. Buffett, who showed that he was talented in money matters at a noticeably young age, started earning by selling 6 Coca-Cola bottles that he bought from his grandfather’s grocery store for a profit of 5 cents each.
Warren Edward Buffett, who entered the world of high finance at the age of 11, started working with his father. He made a profit on his first stock purchases and sales, but soon saw that these shares reached the highest levels and learned the importance of making long-term investments in good companies. This attitude, her 20. he has made one of the most successful investors of the century.
His Educational Life
After graduating from high school in 1947, Buffett did not plan to go to college. However, at the insistence of his father, he spent two years at the Wharton Business School at the University of Pennsylvania.
When his father lost the 1948 congressional elections, Buffett returned to Omaha and transferred to the University of Nebraska-Lincoln, where he graduated in three years, working hard. Although he was not accepted to Harvard Business School because he was too young, this did not discourage him, and he received his master’s degree at Columbia Business School in 1951 under the auspices of the famous risk analyst Benjamin Graham.
Although he wanted to work on Wall Street, he faced objections from both his father and Ben Graham. Even when Graham offered her a free job, she turned it down and returned to Omaha. During this time, he worked as a stockbroker. He taught night classes on investment principles at the University of Nebraska. in 1954, Graham was offered a job.
Graham worked for two years before retiring. He later returned to Omaha again. in 1956, the first investment trust, the Buffett Associates Ltd. has established. He founded the Buffett Partnership, which includes Berkshire Hathaway in 1962. Although it may seem like a bad idea at first due to the downturn in the textile sector, Berkshire Hathaway is still one of the largest holding companies in the world.
Also in April 1952, Warren Buffett married Susan Thompson at the age of 22. Together they had three children named Susie, Howard and Peter. they separated in 1977 after 25 years of marriage. But they remained legally married until Susan Thompson’s death in 2004. After their separation, Warren Buffett had a long relationship with Astrid Menks, whom Susan introduced to him, and they married in 2006. On April 11, 2012, Warren Buffett was diagnosed with prostate cancer.