- Full Name: Warren Buffett
- Born: 09/30/1930
- Place of Birth: Omaha, Nebraska
- Occupation: Business Magnate
- Marital Status: Married
Warren Buffett Net Worth History
Warren Buffett is the consummate capitalist if ever there was one. Starting out at the Wharton School of Business at the University of Pennsylvania, Mr. Buffett would return to his home state of Nebraska and would receive his undergraduate degree in business at just 19 years of age from the University of Nebraska. Mr. Buffett had lofty goals, and after completing his undergraduate degree, he went on to Columbia University where he would earn his Masters in Economics. The underpinnings of his success in business were clear when at a young age he would sell chewing gum, soda and even magazines, door-to-door. His father had a brokerage firm, and at a young age he hung around his father’s office as well as the lounge of a nearby brokerage firm. His parents must have realized he was going to do great things when on a trip to New York City at the age of 10, and unlike most other kids who might want to go to F.A.O. Schwartz, or the Central Park Zoo, Warren wanted to tour the New York Stock Exchange (NYSE). He purchased his first stock shares, in Cities Service, at the age of 11, and by the age of 14 he had purchased a small farm with his own savings. By the time he graduated high school he had already achieved an appreciable amount of wealth. After his university studies were completed, his early career would be marked by brokerage house positions, and varied partnerships, which eventually would make him a millionaire by the early 60s. Mr. Buffett would use that wealth to buy Berkshire Hathaway, then a textile manufacturing firm, and now the storied, publicly-traded company whose shares are the single most expensive traded on the NYSE. A single share of class-A Berkshire Hathaway stock will set you back about $214,000! For those who are not wanting to sell their home to buy one share, there are class-b shares that also trade, and at a fraction of the class-A shares. Warren Buffett built Berkshire Hathaway into a monstrously successful business.
About Warren Buffett
Born in Omaha, Nebraska, Warren Buffett natural curiosity about the financial markets would prove to serve him very well throughout his life. Always seeking to improve himself, with both Bachelors and Masters degrees, he still sought betterment by taking a Dale Carnegie course on public speaking. He married, and remained married to the same woman until she passed away in 2004. They had three children together. Through his efforts with taking over and reshaping Berkshire Hathaway, he became a billionaire on paper in May of 1990 when his class-A shares started trading on the NYSE. Berkshire Hathaway is an investment company that primarily engages in insurance and reinsurance of property and casualty lines for businesses. It was founded in New Bedford, Massachusetts, in 1839, and is now headquartered in Omaha, Nebraska. Today it fully owns GEICO, BNSF Railways, Fruit of the Loom, Helzberg Diamonds and a host of other companies as well as being majority shareholder in several others.
Warren Buffett had a vision, and he executed that vision with laser-like precision. Not one to be taken with flights of fancy, his commitment to his wife, his family, his business and his development as an individual in this world is nothing short of remarkable. Often times referred to as methodical, one hallmark of his character is that he never bought into the fiscally imprudent chasing of the trappings of success. For example, he still lives in the same house today that he purchased in 1957 for just $31K. He has always lived a perfectly modest life, never becoming overly concerned with materialism. He never wanted the new car because it was the latest greatest model, he wanted to buy the company that was making the latest fancy automobile. It was not in his nature to gauge his success through ephemeral pursuits, but rather to focus on cautiously constructing a plan with short, medium and long-term goals as well as having an emergent strategy to address unanticipated problems and opportunities. This might well be the best formula for every person on the entire planet to apply to every detail of their lives. It is a method for managing life, and Mr. Buffett is representative of how well it works.