Who is Warren Buffet – Warren Buffet Biography

Real Name/Full NameWarren Edward Buffett
NicknameWarren, Oracle of Omaha, Sage of Omaha.
ProfessionBusinessman, Investor, Philanthropist
Famous Foras Oracle of Omaha
Date of Birth/Birthday30 August 1930
Age91 Years (As of 2022)
BirthplaceOmaha, Nebraska, United States
HometownOmaha, Nebraska
Zodiac Sign/Sun SignVirgo
Height (approx.)in meters – 1.78 m
in centimeters – 178 cm
in Feet-Inches – 5’ 8.”
Weight (approx.)in Pounds – 182 lbs
in Kilograms – 83 kg
Eye ColorBlack
Hair ColorWhite
FatherHoward Homan Buffett
MotherLeila Stahl Buffett
SisterDoris Buffett, Roberta Buffett Elliott
Marital StatusMarried
Wife/SpouseAstrid Menks (m 2006- present)
ChildrenSon: Peter and Howard
Daughter: Susan
Who is Warren Buffet – Warren Buffet Biography

“If you can’t find a way to make money while sleeping, you must work until you die.” Not to communicate? Yes, this quote is written by Warne Buffett. We’ve found a lot on our website and covered entrepreneurs. But there are very few famous legends like Warren Buffett. So friends stay tuned with us till the end to know about Warren Buffet.

Who is Warren Buffet - Warren Buffet Biography
Who is Warren Buffet – Warren Buffet Biography

Born during the Great Depression, Warren Buffett went on to become world-famous for his wealth and investment savvy. He’s a stalwart of value investing and the traditional cornerstone of investment. As a result, he was named the wealthiest person on the earth in 2008. Currently, he is the 6th richest person on the planet.

Warren Buffett is called an American business tycoon, philanthropist, and investor. He is the chairman and CEO of Berkshire Hathaway, which owns more than 60 companies, including insurer Zico, battery maker Dursell and restaurant chain Dairy Queen. He is known as one of the best investors of all time. According to Forbes, his current net worth is $ 102.8B.

Who is Warren Buffet – Warren Buffet Biography

In 1869, Buffett’s family was raised in Omaha, Nebraska, USA, and his grandfather, Sidney Buffett, left farming on Long Island New York to move west. He (Warren’s great grandfather) started working as a stagecoach driver. He later opened a grocery store. Evaluating every penny, Sydney was able to make a decent profit and soon expanded the business to meet the needs of Omaha citizens. In 1915, his son Ernest (Warren’s grandfather) took over the store and moved its location to the suburbs.

Over time, Ernest made huge profits and reinvested in the business. However, Ernest’s son Harvard Buffett (Warren’s father) was not interested in the grocery business. After graduating from the University of Nebraska, Harvard began his career at an insurance company. This was the time when Warren Edward Buffett was born.

Warren Buffet’s career

Warren Buffet's career
Warren Buffet’s career

Shortly after Warren Buffet received his master’s degree in economics from Columbia University. Graham Newman extended an invitation to his former student to join his company called Graham-Newman Corporation. During his two-year tenure there, Warren Buffett became completely immersed in his advisory investment methods.

In 1956, Graham, Warren’s mentor, disbanded. Later, Graham retired from the company. When Buffett returned to his hometown of Omaha. Equipped with high knowledge of investing, he started a limited investment partnership.

Later, its partnership grew and started with seven limited partners who together contributed $ 105,000. The limited partners received 6% annually on their investment and 75% of the profits on this bogie; The remaining 25% went to Warren Buffett, who as a general partner pulled the reins basically free to invest in partnership funds. Over time, its percentage increased from 25 to 29.5%.

As Buffett’s reputation grew, more and more people began to demand he manage their finances. In 1962, he began raising shares in a sickly textile company called Berkshire Hathaway. The same year Buffett moved the partnership office from his home to Quiet Plaza, where his office is today.

Trained by a scandal involving one of its clients, American Express saw its shares drop from $65 to $35 almost overnight. At the time, he had received this lesson from guru Graham: if the stocks of strong companies are selling below their calculated value, act wisely. He made a bold move to invest 40% of the partnership’s total assets into American express. Within two years, his shares tripled. They made $20 million in profit.

By 1965, the value of their assets was $26 million. After four years, explaining that he found the market’s highly speculative worthwhile values increasingly scarce. Then, he decided to close the investment partnership.

When the partnership broke up, investors got their proportional interest. Some members recommended Buffett and others asked for money to run Bill Rouen. Bill agreed to manage their money and thus the Sequoia Fund was born. Others, including Warren Buffett, invested their revenues in Hathaway. By then Buffett’s share had risen to $ 25 million, which allowed him to control Hathaway. In 1970, he became chairman and CEO of Berkshire Hathaway Inc.

From 1970 to now, he has invested in many famous and leading companies like Apple, Coca-Cola, Amazon, and more.

Warren Buffett family

Who is Warren Buffet - Warren Buffet Biography
Who is Warren Buffet – Warren Buffet Biography

Warren’s father, Howard Homan Buffett, was an American businessman, investor, and politician. Warren’s mother’s name is Leila Stahl Buffett. Warren has two sisters Doris Buffett  (elder) and Roberta Buffett Elliott (younger). Warren is the only son of Mr. and Mrs. Buffett.

Warren Buffett got married to Susan Thompson Buffett in 1952 at Dundee Presbyterian Church. They have three children Susan Alice Buffett (Susie), Howard Graham Buffett, and Peter Andrew Buffett. This couple started living separated In 1977 but did not divorce, and in 2004 Susan died. In 2006, Warren remarried his longtime companion Astrid Menks. 

Warren Buffett Education Qualification,  School & College

Warren Buffett went to Rose Hill Elementary School in Omaha. Later he moved to Washington with his family. There he took admitted to Alice Deal Junior High School. Then he attended Woodrow Wilson High School and completed his graduation in 1947.

Since Warren developed his interest in business and investment, he took admitted to the Wharton School of the  University of Pennsylvania to study business. Later in 1950, Warren joined the Alpha Sigma Phi Fraternity.

At the age of 19, Warren completed graduation in Business administration from the University of Nebraska. Now Warren wanted to take admitted to Haward business school, but he was rejected. So he enrolled in the Columbia business school of Columbia University. In 1951 he earned a master’s degree in Economics.

How Did Warren Buffett Become Rich?

Warren Buffett became rich over a long period of time, primarily through investment. He started investing at a very young age of 11 to be precise. At the age of 13, he started his own business as a paperboy and sold racing tip sheets. As an adult, he formed his own company and began to invest in companies that he believed had been devalued, and profited. He will reinvest these profits into further investment and his assets will continue to grow. He eventually bought Berkshire Hathaway, where he will continue his value investment strategy.

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