Warren Buffett | |
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Buffett in 2005
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Born |
Warren Edward Buffett August 30, 1930 Omaha, Nebraska, U.S. |
Residence | Omaha, Nebraska, U.S. |
Alma mater |
University of Pennsylvania University of Nebraska–Lincoln Columbia University |
Occupation | Investor, business magnate, and philanthropist |
Years active | 1951–present |
Known for | Leadership of Berkshire Hathaway with Charlie Munger |
Salary | US$100,000 |
Net worth | US$78.7 billion (March 2017) |
Spouse(s) |
Susan Thompson (m. 1952; her death 2004) Astrid Menks (m. 2006) |
Children |
Susan Alice Buffett Howard Graham Buffett Peter Buffett |
Parent(s) |
Howard Buffett Leila Stahl Buffett |
Relatives | Howard Warren Buffett (grandson) |
Signature | |
Warren Edward Buffett (/ˈbʌfᵻt/; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is considered by some to be one of the most successful investors in the world, and as of March 2017 is the second wealthiest person in the United States with a total net worth of $78.7 billion.
Born in Omaha, Buffett developed an interest in business and investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring and graduating from University of Nebraska–Lincoln. After graduating at 19, Buffett enrolled at Columbia Business School of Columbia University, learning and eventually creating his investment philosophy around a concept pioneered by Benjamin Graham–value investing. He attended New York Institute of Finance to specialize his economics background and soon after began various business partnerships, including one with Graham. After meeting Charlie Munger, Buffett created the Buffett Partnership. His firm would eventually acquire a textile manufacturing firm called Berkshire Hathaway and assume its name to create a diversified holding company.
Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970, and his business exploits have had him referred to as the "Wizard", "Oracle" or "Sage" of Omaha by global media outlets. He is noted for his adherence to value investing and for his personal frugality despite his immense wealth.