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Warren Edward BUFFETT

Primary Position:
Chairman
Primary Company:
Berkshire Hathaway
Estimated Net Worth:
At least $68 billion
Source of Wealth:
Self-Made
Age:
85
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 at a $5 profit. He delivered newspapers on his bike, for which he filed his first tax returns. He also bought 40 acres of farmland in Nebraska, from his paper route savings, and collected rent from his tenant. His interest in the investment field continued. In 1950, he graduated with a Bachelor's degree from the University of Nebraska at ...

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Education History

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

In February 2014, Buffett declared that Berkshire Hathaway would relinquish its 23.4% stake, worth $1.1 billion, in Graham Holdings. He filed the same with the U.S. Security and Exchange Commission. In exchange, Graham Holdings would spin-off some portion of its assets, including its profitable broadcast television and cable subsidiaries, as well as the for-profit Kaplan education business into a new unit that would be owned by Berkshire Hathaway. As part of the deal, Buffett would receive $3 million in cash for small number of Berkshire Hathaway shares, which were owned by Graham Holdings.

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Interests, Passion, Hobbies

Kind of Interests, Passion and Hobbies: Technology - Social Networks
Description: Buffett reportedly does not have a computer at home and rarely switches on a mobile phone. Though a technophobe, he joined Twitter in 2013, announcing "Warren is in the house." He reached approximately 60,000 Twitter followers in less than an hour, adding an average of 1,000 per minute.

Kind of Interests, Passion and Hobbies: Sports - Basketball
Description: Buffet appears to have an interest in basketball. He was photographed at a game in December 2014 between the NBA's Cleveland Cavaliers and Charlotte Hornets, cheering a play by Cavaliers forward LeBron James.

Kind of Interests, Passion and Hobbies: Sports - Baseball
Description: Buffett is reportedly a baseball fan and once owned a minor-league team in his hometown of Omaha. He will often use 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."

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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 to give 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 non-profit 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 to girls in the U.S. and Canada. In July 2015, Buffett donated part of his stock in Berkshire Hathaway worth more than $2.8 billion to charity. The 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 five charities which include: Gates Foundation, Susan Thompson Buffett Foundation, Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation.

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Clubs & Boards

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