Warren Edward Buffett is an American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world. He created Buffett Partnership, Ltd in 1956 and his firm eventually acquired a textile manufacturing firm called Berkshire Hathaway, assuming its name to create a diversified holding company. Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970.
He has been referred to as the “Oracle” or “Sage” of Omaha by global media. He is noted for his adherence to value investing, and his personal frugality despite his immense wealth. Research published at the University of Oxford characterizes Buffett’s investment methodology as falling within “founder centrism”, defined by a deference to managers with a founder’s mindset, an ethical disposition towards the shareholder collective, and an intense focus on exponential value creation.
Essentially, Buffett’s concentrated investments shelter managers from the short-term pressures of the market. Buffett is a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation. He founded The Giving Pledge in 2009 with Bill Gates, whereby billionaires pledge to give away at least half of their fortunes.
Warren Buffett has an estimated net worth of $88.7 billion.
Date of birth:
August 30, 1930
United States of America
Source of wealth:
Chairman and CEO of Berkshire Hathaway