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Warren Edward BUFFETT

Primary Position:
Chairman
Primary Company:
Berkshire Hathaway
Estimated Net Worth:
At least $73.5 billion
Source of Wealth:
Self-Made
Age:
86
Birthday:
30 August 1930
Religion:
Agnostic
Nationality:
United States
Hometown:
Omaha, Nebraska, United States
Marital Status:
Married

Biography

Warren Buffett started young in the field of investment; he bought his first shares of Cities Service Preferred at $38 a share and sold it for a $5 profit. He delivered newspapers on his bike, for which he filed his first tax returns. He also bought 40 acres of Nebraska farmland with his paper route savings, and collected rent from his tenant. Graduated with a Bachelor's degree from the University of Nebraska at Omaha in 1950. His attempt to get into Harvard Business School ...

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Education History

Institution Name:
University of Nebraska Omaha (UNO) Alumni Association
Qualification Name:
Bachelor's degree
Education Type:
Undergraduate
Start Date:
 
End Date:
1950
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Interesting Facts

In March 2014, David Winters, the CEO of Wintergreen Advisers, a New York-based money manager company, which holds 2.5 million shares in beverage company Coca-Cola, launched a public campaign against Coca-Cola's employee stock plan. He then asked Buffett to oppose it. But Buffett, who holds stake in Coca-Cola, through Berkshire Hathaway, abstained from a vote on the proposal, for which Winters alleged that Buffett might have planned to buy out Coca-Cola with private equity group 3G Capital. However, Buffett denied any plans to privatize the company.

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Interests, Passion, Hobbies

Kind of Interests, Passion and Hobbies: Human Rights - Women's Rights
Description: Reportedly supports Planned Parenthood and has donated more than $1 billion to pro-choice groups.

Kind of Interests, Passion and Hobbies: Sports - Baseball
Description: Reportedly a baseball fan and once owned a minor-league team in his hometown of Omaha. Often uses baseball analogies to draw parallels to investing, among them the notion that there are no called strikes in investing. In a 1984 appearance on 'Adam Smith's Money World', he observed, "There are no called strikes in this business. The pitcher just stands there and throws balls at you ... you sit there and they throw U.S. Steel at 25 and they throw General Motors at 68, and you don't have to swing at any of them. They may be wonderful pitches to swing at, but if you don't know enough, you don't have to swing. And you can sit there and watch thousands of pitches, and finally you get one right there where you want it, something that you understand - and then you swing. I might not swing for two years."

Kind of Interests, Passion and Hobbies: Card Games - Poker
Description: Buffett is a passionate poker player. The Berkshire Hathaway subsidiary NetJets hosts the NetJets Poker Invitational. Participants in the event, where Buffett regularly plays, are required to be a NetJets fractional owner.

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Philanthropy

Giving Profile: Buffett is a Trustee of the Bill & Melinda Gates Foundation, to which he has donated generously. In 2006, Buffett pledged to give away 85% of his Berkshire shares to the Bill & Melinda Gates Foundation and to four foundations set up by his family. In the same year, he also pledged more than $30 billion spread over 20 years to the Bill & Melinda Gates Foundation. Between 2001 and 2014, Buffett has reportedly donated more than $1 billion to pro-choice groups. Recipients include Planned Parenthood, The Susan Thompson Buffett Foundation and NARAL. In 2010, Buffett turned over $1.9 billion to the foundation. In 2011, he teamed with Gates to create the Giving Pledge, which signed up 69 wealthy individuals and families to commit to giving the majority of their wealth to philanthropy. In 2012, he donated $20 million worth of Berkshire Hathaway shares to eight unidentified charities and 10 shares to each of the 15 elementary school children who were finalists in a business contest. On his 82nd birthday, Buffett pledged to donate an additional 12.2 million Class B shares worth over $3 billion to his three children's foundations. In 2013, Buffett donated $2.6 billion worth of Berkshire Hathaway stock to five foundations, out of which the Bill & Melinda Gates Foundation received $2 billion worth of stock. Buffett participates annually in a charity auction on online platform, eBay, through the Annual Warren Buffett Charity Auction, to raise money and benefit the Glide Foundation, a nonprofit which works to alleviate suffering and break the cycles of poverty and marginalization. In July 2014, Buffett donated Berkshire Hathaway stocks worth $2.8 billion to five charitable foundations, of which the Bill & Melinda Gates Foundation received $2.1 billion and the remainder was donated to his family foundations. The Susan Thompson Buffett Foundation has reportedly donated more than $35 million to Planned Parenthood. In February 2015, Buffett's car, a 2006 Cadillac DTS, was reportedly auctioned for $122,500 to raise money to benefit Girls Incorporated of Omaha, a non-profit which provides educational and recreational opportunities for girls in the U.S. and Canada. In July 2015, Buffett donated part of his Berkshire Hathaway stock worth more than $2.8 billion to charity. Recipients included the Bill and Melinda Gates Foundation as well as the foundations of Buffett's family members. In July 2016, Buffett donated about $2.86 billion worth of Berkshire Hathaway stock to Gates Foundation, Susan Thompson Buffett Foundation, Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation.

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