He was transferred to the University of Nebraska when he was 19 years old and graduated with a Bachelor of Science in business administration. Warren spent two years there as a student and joined the fraternity Alpha Sigma Phi. His father convinced him to join even though he (Buffett) preferred to concentrate on his business endeavours. In 1947, Buffett enrolled in the University of Pennsylvania's Wharton School. By the time Buffett received his undergraduate diploma, he had saved $9,800, around $112,000 in today's dollars. When he was 14 years old, he used his savings of $1,200 to purchase the land. While still in high school, he invested in his father's business and bought a 40-acre farm run by a tenant farmer. At the age of 15, Warren began delivering Washington Post newspapers and made more than $175 a month. He bought six shares of Cities Service preferred three for himself and three for his sister Doris Buffett. When he was ten years old, he visited New York City and saw the New York Stock Exchange. Later that year, they sold their established business to war veterans for good money of $1,200.Īs a young boy, Buffett spent time in the customers' lounge of a local stock brokerage close to his father's own brokerage office, where he developed an interest in the stock market and trading. Within a short time, they had several machines at three barbershops throughout Omaha. Buffett and a friend put a vintage pinball machine they had purchased for $25 as a sophomore in high school in the neighbourhood barbershop during the year 1945. He delivered newspapers, sold golf balls and stamps, shiny cars, and more while he was still a high school student. He was employed by the grocery owned by his grandfather. Selling chewing gum, Coca-Cola bottles, and monthly periodicals door to door was Buffett's first business venture. Early in life, Buffett engaged in a lot of entrepreneurial endeavours. He borrowed the book One Thousand Ways to Make $1,000 from the Omaha Public Library when he was seven years old. Buffett wanted to bypass college and enter the business field right away after passing high school and seeing success with his side business enterprises and investment endeavours, but his father disagreed.īuffett showed an early aptitude for business and investing. Warren then graduated from what was then Woodrow Wilson High School in 1947 with the senior yearbook entry "likes math a future stockbroker". Following the completion of his elementary education, Warren attended Alice Deal Junior High School after his family relocated as a result of his father's election campaign. To begin his studies, he enrolled in Rose Hill Elementary School. He was the second of Leila and Howard Buffett's three children. Leila and Congressman Howard Buffett's only son, Buffett, was born in Omaha, Nebraska, in 1930. Together with Bill Gates, he established The Giving Pledge in 2010, under which millionaires promise to donate at least half of their fortune. Despite his vast wealth, he is recognized for his discipline and commitment to value investing.īuffett is a generous man who has committed to giving 99 percent of his fortune to good causes, mainly through the Bill & Melinda Gates Foundation. The foreign press has referred to him as Omaha's "Oracle" or "Sage". Since 1970, Buffett has led the business as chairman and largest shareholder. In 1978, Charlie Munger was named Buffett's vice-chairman. Then, using Berkshire Hathaway's name to create a diversified holding company, his company bought the textile manufacturer. To focus his economics studies, he enrolled at the New York Institute of Finance, and soon after, he began collaborating with Graham on several business endeavours. At Columbia Business School, where he finally earned an MBA, he developed his investment philosophy around the value investing idea made famous by Benjamin Graham. The University of Nebraska is where he obtained his degree. When he was 19 years old, he transferred to the University of Pennsylvania's Wharton School to finish his studies. He was interested in business and investment when he was younger. Omaha, Nebraska, is where Buffett was born, dated on August 30, 1930. With a net worth of more than $98 billion as of July 2022, he was the eighth-wealthiest individual in the world and one of the most successful investors ever. He presently serves as Berkshire Hathaway's chairman and CEO. Mr Warren Edward Buffett is an American business tycoon, philanthropist, and investor.
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