Warren made headlines after his love of a specific brand of suit led him to invest in the Chinese firms Trands Co. For example, he owns Fruit of the Loom because he enjoyed their shirts and underwear. Warren Buffett is notorious for investing in products he actually uses. By 1990, he was a billionaire, with shares of his company, Berkshire Hathaway, worth $7,175 each. By the early '80s, he was worth $620 million and had earned the nickname, the "Oracle of Omaha." He purchased stock in a wide range of businesses, including the Washington Post Company, Capital Cities, Salomon Brothers, and most successfully the Coca-Cola Company. In 1979, his company began trading at $775 and ended the year with shares worth $1310. He had a knack for purchasing stock in wildly undervalued companies and riding the increase in their fortunes to ever-larger profits. It seemed that everything he touched turned to gold. He also solidified his reputation as an investor to watch and follow. That number almost doubled over the course of the next two years, and by 1962, he was a bonafide millionaire.Īfter investing in, and eventually taking over, textile manufacturer Berkshire Hathaway, Buffett began an aggressive series of investments, takeovers, and restructuring moves that saw his assets increase exponentially. Over the course of the next three years, he grew his business from three partnerships to six. $1.47 million today) he had saved while working for Graham-Newman and started Buffett Partnership Ltd. When Graham retired and shuttered the business, Buffett took the nearly $174,000 (approx. While Buffett learned a great deal during his four years of working with Graham, he also realized he was more willing to take investment risks than his boss. to work as a securities analyst for the Graham-Newman Corp. The gas station failed, but his business acumen had caught the attention of Benjamin Graham, a well-respected businessman and investor, and one of Buffet's former professors. He also taught a course on "Investment Principles" at the University of Nebraska-Omaha and purchased a gas station. Drinks five cans of Coca-Cola every dayĪfter graduating from Columbia, he went to work as an investment salesman for his family's company, Buffett-Falk & Co.Plans to donate the majority of wealth away to charity by the time he dies.$1,000 invested with Buffett in 1964 would be worth $16 million today.Net worth first topped $1 billion when he was 56.Earned 99% of his net worth after his 50th birthday.Net worth first topped $1 million when he was 30.Still lives in a humble Omaha house he bought in 1956 for $31,500.Was worth was the equivalent of $60,000 by the time he was 16.Buffett enrolled at Columbia Business School. He earned a Master of Science in Economics from Columbia in 1951. Buffett wanted to attend Harvard Business School but was denied admission. Warren studied there for two years and joined the Alpha Sigma Phi fraternity. He then transferred to the University of Nebraska and graduated with a Bachelor of Science in Business Administration. In 1947, Buffett enrolled at the Wharton School of the University of Pennsylvania. In 1942, his father was elected to the first of four terms in the United States Congress, and after moving with his family to Washington, D.C., Warren attended Alice Deal Junior High School and graduated from Woodrow Wilson High School in 1947, where his senior yearbook picture reads: "likes math a future stockbroker." By the time he was a sophomore in high school, he was running a successful pinball machine business and had a net worth of roughly $6,000 – that's equivalent to $60,000 today. He had a paper route and used the money from that to buy some Oklahoma farmland. A year later, when he was 11 years old, he bought his first stock. After that lunch, young Buffett knew that he wanted his life to revolve around money. When he was 10 years old, he had lunch with someone from the New York Stock Exchange and began setting his goals for his entire life. When he was 7, he was inspired by a book he borrowed from the library called "One Thousand Ways to Make $1000." Buffett started making his mark and his fortune when he was a pre-teen. Buffett developed his interest in business and investing at a young age. Buffett began his education at Rose Hill Elementary School. He is the second of three children and the only son of Leila and Congressman Howard Buffett. Warren Buffett was born on August 30, 1930, in Omaha, Nebraska. □ Compare Warren Buffett's Net Worth Early Life
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