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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 Pennsylvania
Qualification Name:
Transferred
Education Type:
Undergraduate
Start Date:
 
End Date:
 
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Interesting Facts

Berkshire Hathaway holds GEICO, BNSF, Lubrizol, Dairy Queen, Fruit of the Loom, Helzberg Diamonds, FlightSafety International, NetJets, Heinz and an undisclosed stake in Mars; a significant minority holding in American Express, The Coca-Cola Company, Wells Fargo, and IBM. In 2006, Berkshire Hathaway paid $4 billion for an initial 80% stake in International Metalworking Companies, and another $2.1 billion for the remaining 20% stake in 2013. In 2014, Berkshire Hathaway disclosed its 12 million shares in American investment banker Goldman Sachs Group and a stake worth $246 million in American telecommunications company Liberty Global. In August 2014, it was reported that Berkshire Hathaway had bought about 3 million shares in American automobile company General Motors and by the end of 2014, the company had increased its stake by 1 million shares more to 41 million shares and was said to be a major shareholder of the company. According to the company's SEC filings, by the end of Q4 in 2014, Buffett had reportedly purchased around 4.7 million shares worth about $161 million in American multinational mass media company 21st Century Fox. The company also holds stakes in American multinational banking and financial services company Wells Fargo.

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Interests, Passion, Hobbies

Kind of Interests, Passion and Hobbies: Politics
Description: Buffett has donated more than $300,000 to Democratic candidates and causes.

Kind of Interests, Passion and Hobbies: Card Games - Bridge
Description: An avid bridge player who plays around 12 hours a week. Also competes in tournaments and online under the name "T-Bone." He also shares this passion with Microsoft founder William Gates. Sponsors The Buffett Cup, a biannual tournament modeled on the Ryder Cup golf competition.

Kind of Interests, Passion and Hobbies: Philanthropy
Description: 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. He has also pledged to give away more than $30 billion spread over 20 years to the Bill & Melinda Gates Foundation.

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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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