Warren Buffett Biography

Nadine Caridi

Warren Buffest is the World’s Richest Man, Investment Guru and the most influential Philanthropists. Widely Known as “Sage of Omaha,” Warren Buffett does not really need an introduction. He is the chairman, CEO and the largest shareholder of Berkshire Hathaway having net worth of over $73.2 billion. Let us get to know his brief bio and a glimpse of Warren Buffet personal life.


In August 30, 1930 Warren Buffett was born in Omaha, Nebraska. He was very keen for investment and earning money right from childhood. He was just 11 when he bought his first share. When it comes to successful business management, he is much respected by his peers and the world for his personal behavioral traits and adherence to ethical principles. He developed his own investment principles which helped him acquire a lot of wealth, name and fame. One can learn a lot from Warren Buffet personal life and professional life. Both are equally interesting.

Childhood Life and Education

Warren Buffett was born in Omaha, Nebraska in August 30, 1930. As his father was elected to Congress, the family moved to Washington D.C in 1942. His Mother Leila Stahl Buffett was a homemaker. He was the two (second only baby boy) among three of his sibling.

He finished his primary education at Rose Hill Elementary School. After shifting to D.C,he attended Alice Junior High School. He was a mathematical brain who could add large columns of numbers in his head. At an early age, he showed interest in business and investments.

He had an acute sense as a small kid; he used to earn money by selling chewing gum and soft drinks. He was just 11 when he bought his first share. He showed interest in stocks, writing stock prices on the chalkboard in his father’s office.

He wanted to skip college to go directly to the company. Then he involved in ventures where he can make some money and also started investing money.

He entered Wharton School of University of Pennsylvania in 1947. At the age of 19, he graduated in business administration from University of Nebraska- Lincoln. He received an MBA and Masters in economics from Columbia before returning to Omaha to work as a stockbroker.

Investment Career

Warren Buffet worked at his father’s company, Buffett- Falk and Co, from 1951- 1954 as an investment salesman. By the age of 20, he had already gathered savings worth almost $10000 in 1950. This shows what an astute investor he was.

Then he started working as an analyst for his mentors of Columbia Business School as an analyst at Graham- Newman Corp. His boss was very strict into the rules of investing. As a result, he faced a lot of difficulty dealing with him. After two unsatisfying years, he left.

Soon after that he started operating several other partnerships. By the end of the decade he had seven partnerships operating. In 1962 as a result of his earnings from all his partnerships, he became a millionaire.

He then merged all the partnerships into one and invested in a textile manufacturing firm called Berkshire Hathaway. He started purchasing shares of it aggressively during the early 1960s and eventually took over the control of the company.

Later, he shifted the business from textile into the insurance sector. By 1985, after the last of the textile mills under Berkshire Hathaway was sold off, he purchased 12% of its stake in 1987.

Then, he became the largest shareholder and director of Salomon Inc.

 In 1990, John Gottfried, the CEO of Salomon Brothers left the company and Buffett took over as chairmanship. Also he began buying stocks in Coca-Cola Company in 1988 and eventually purchased up to 7% of the company for $ 1.02 billion. It would prove to be one of the Berkshire’s best ever investments.

Warren Buffet Personal Life:

Let’s get a closer look into Warren Buffet personal life.

In 1949, Buffett was infatuated with a young woman whose current boyfriend had a ukulele. In an attempt to compete, he bought one of the diminutive instruments and has been playing it ever since.

Though the attempt was unsuccessful, his music interest was a key part of him becoming a part of Susan Thompson’s life. It led to their marriage.

Buffett married Susan in 1952. They had three children and were married for over 50 years. They separated halfway through the marriage, in 1977, with Susan moving to San Francisco for her further studies. Nevertheless, the two remained close, frequently talking on the phone even though they were apart until Susan’s death in 2004.

Susan had introduced Warren to Astrid Menks, a waitress. She had asked Menks to check up on Warren while she was away in 1977. Then, Buffet and Menks were rumored to be living together by 1978.They became close to each other. One wa or another, Susan introduced Buffet with his next partner.

In 2006, Warren Buffett and Astrid Menks finally married. The low-key ceremony took place at his daughter Susie’s home in Omaha, Nebraska. No any business leaders were present, and neither were Buffett’s two sons.

Warren Buffet Love Life started featuring as a love triangle. His friends remarked that there was sophisticated relationship between the three. Susan was quoted with only good things to say about Menks.

“She takes great care of him, and he and I appreciate it. She’s a wonderful person.” Susan, Warren’s first wife said in an interview with Charlie Rose. While Warren said “While Susie put me together and Astrid keeps me together.” Warren Buffet personal life is going on smoothly for now.

Richest Man:

He became the richest person in the world in 2008 with a total net worth estimated at $62 billion by Forbes, Overtaking Bill Gates who had been the No. 1 on Forbes List for past 13 years.

 In 1999, he was named the top money manager of the twentieth Century in a survey done by Carson Group. In 2007, he was listed among Time’s 100 most influential people in the world.  

On Dec 9, 2010, Buffett, Gates and Zuckerberg signed a promise they called the “Gates- Buffett Giving Pledge”, in which they promise to donate to charity at least half of their wealth, and invite other wealthy people to follow suit.

In 2011, Barrack Obama awarded him the Presidential Medal Of Freedom.

In March 2017, he stood second richest in the United States and fourth richest in the world, with a total of $73.3 billion.

Buffett currently is the third richest person in the world, behind Microsoft founder Bill Gates and Amazon’s Jeff Bezos. The latest change leaves him $1.5 billion below from Bezos, who is the founder and largest shareholder of Amazon, according to Bloomberg’s ranking.

Net worth:

He entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies in 2002. He had earned over $ 2 billion by April 2006. In June 2006, he made an announcement that he would be gradually giving away 85% of his Berkshire holdings to five foundations, the largest contribution of which would go to the Bill and Melinda Gates Foundation.

His net worth reached an all- high time after it topped $81.5 billion this October 2017. It has increased by $8.36 billion just over the last year, according to Bloomberg. The latest change added $239 million to Buffett’s total net worth.

Investor and Philanthropist:

For his well known commitment and rapid business activities to the value of the investment and his personality he is called “Omaha”, “Oracle” or “Sage” magician by the international media.

He is a well noted philanthropist, who has committed 99% of his fortune to Philanthropic cause especially through Bill and Melinda Gates Foundation. He was so impressed with the idea made for global health and development, and in education in the United States, that he decided to use his fortune to upscale the Gates Foundation rather than pouring money into his own foundation.

He has also donated more than $2 billion each on Peter and Jennifer Buffett’s No Vo foundation, which seeks to empower adolescent girls and end violence against women.

For the Howard G, Buffett Foundation which focuses on food and water security, conflict mitigation, endangered mammal conservation and local community support and Susan Buffett’s Sherwood Foundation which focuses on early childhood education in Nebraska.

 He has auctioned off lunch with himself to support the Glide Foundation (a charitable arm of Methodist Chruch of San Francisco), raising more than $5.5 million for its work. He has also contributed $50 billion to the Nuclear Threat Initiative, which was founded by Ted Turner and Sam Nunn.

He has also made contribution to a variety of other organization like James Redford Institute for Transplant Awareness, Smile Train, The Animal Rescue Foundation, Music Rising and the Make a Wish Foundation.

In 2010, he signed a huge red Dairy Queen Spoon that brought $4500 at auction in support of the Children’s Miracle Network. Most Recently, he made a $10 million donation to Rambam Hospital in Haifa, Israel.

He is also active in contributing to political causes, having endorsed Democratic candidate Hilary Clinton in the 2016 U.S. presidential election, he has publicly opposed the policies, actions and statements of the current U.S. president, Donald Trump.

Warren Buffet personal life and professional life has too many aspects. His life is really inspiring to young entrepreneurs and investors.

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