Warren Buffett is also known as the “Oracle of Omaha” is a business tycoon, philanthropist, and one of the most successful investors of all time with a net worth of $99.6 Billion. But how did Warren Buffet became the most famous and successful investor in America? What did he do and how did he do it?
Buffet is also the chairman and CEO of Berkshire Hathaway which provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. Berkshire Hathaway operates through Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, GEICO, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing.
It also owns over 60 companies including the insurer Geico, battery maker Duracell and the restaurant chain Dairy Queen. Buffett was born in Omaha, Nebraska on the 30th of August in the year 1903. He developed an interest in business-related topics and investments at a young age. He attended the Wharton School of the University of Pennsylvania in 1947 and eventually transferring and graduated from the University of Nebraska at the age of 19.
Then got his master’s degree from Columbia Business School. Buffett first bought a stock at the age of 11 and filed his first tax at the age of 13. Being a notable philanthropist, he pledged to give over 99% of his wealth to philanthropic causes and so far, he has already given over $41 Billion which mostly went to the Gates Foundation and his Kid’s Foundations.
He also launched a foundation with Bill Gates named ‘The Giving Pledge’ in 2010, asking billionaires to donate at least half of their wealth to charitable causes which will greatly help the less fortunate people. Because of his wealth and philanthropic acts, he took the 6th spot in the Forbes Billionaires 2021 and 16th at the Forbes Powerful People 2018. By that being said, Warren Buffet is known for his smart and creative mind that made him the most famous and successful investor that he is today.
Buffett is also known for the quote “Someone’s sitting in the shade today because someone planted a tree a long time ago.” Which gives inspiration and motivation for the fortunate people to do kind acts towards those who are less fortunate. For someday once they already succeeded in their lives, they will continue lending hand to those who needed it.