Warren Buffet

Interesting facts about the famous US investor

Warren Buffet                                 

Position: Chairman and CEO of Berkshire Hathaway Inc.

Industry: Finance

Citizenship: USA

Date of Birth: 30.08.1930

Warren Buffet, one of the most well-known US investors and philanthropists, has spent more than half a century in finance. People are ready to pay millions of dollars to have dinner with this entrepreneur, who was dubbed Oracle of Omaha because of his precise forecasts. However, Buffet himself is far from pretentious and prefers to give away most of his fortune.

Oracle of Omaha’s Key Milestones

1951-1954 — Buffet starts his career as an investment salesman in his father’s company Buffett, Falk, & Co.

1956-1969 — works as a general partner in an investment company he founded, Buffett Partnership, Ltd.

1965 — purchases the controlling stock in Berkshire Hathaway Inc., a textile manufacturer from Massachusetts. In just four years, the company becomes his main asset, and Buffet decides to dismantle Buffett Partnership by 1969.

1982 — Buffet is mentioned on Forbes’ first-ever list of the 400 richest people in the U.S. At that time, his net worth was around $250 million.

1993 — becomes the richest person in the U.S. according to Forbes, with his net worth reaching over $8.3 billion.

2006 — Buffet reveals his intention to donate at least 85% of his shares in Berkshire Hathaway to several charity foundations. He decides to give the greatest share of $31 billion to the Bill and Melinda Gates Foundation.

2008 — despite his intention to give his fortune away, Buffet still makes major investments. In 2008, he invests $3 billion and $5 billion in General Electric and Goldman Sachs, respectively.

2018 — Berkshire Hathaway buys over 75 million shares of Apple stock. The company’s stake in the tech giant now totals 230 million shares.

2019 — in March, Buffett is listed as the world’s third richest person by Forbes, with a net worth around $82.5 billion.

Interesting facts

  • Together with Bill Gates, Buffet runs the initiative called The Giving Pledge, which encourages the richest people to share their funds with charity foundations.

  • The most expensive lunch with Buffet cost over $4.5 million. 28-year-old Justin Sun, the founder of cryptocurrency company Tron, decided to pay a small fortune for the opportunity to talk to the Oracle of Omaha.

  • The former US president, Barack Obama, awarded Buffet the highest civilian honour, the Presidential Medal of Freedom, for his philanthropic initiatives.

  • In 2003, Buffet worked for Arnold Schwarzenegger's gubernatorial campaign in California, as his adviser.

Buffet once admitted he actually drinks a lot of Coca-Cola and especially enjoys Cherry Coke. His face was even put on cherry-flavoured cans as Coca-Cola introduced the new product to the Chinese market.

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