Profile

Warren Buffett

Businessman; Billionaire
Male
Born Aug 30, 1930

Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. Buffet is the primary shareholder, chairman and CEO of Berkshire Hathaway and consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and as the third wealthiest person in 2011. In 2012, American magazine Time named Buffett one of the most influential people in the world.… Read More

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Timeline

Learn about the memorable moments in the evolution of Warren Buffett.

CHILDHOOD

1930 Birth Buffett was born in 1930 in Omaha, Nebraska. … Read More

TEENAGE

1942 11 Years Old In 1942, his father was elected to the first of four terms in the United States Congress, and after moving with his family to Washington, D.C., Warren finished elementary school, attended Alice Deal Junior High School and graduated from Woodrow Wilson High School in 1947, where his senior yearbook picture reads: "likes math; a future stockbroker." … Read More
1944 13 Years Old On his first income tax return in 1944, Buffett took a $35 deduction for the use of his bicycle and watch on his paper route.
1945 14 Years Old In 1945, as a high school sophomore, Buffett and a friend spent $25 to purchase a used pinball machine, which they placed in the local barber shop. … Read More
1947 16 Years Old In 1947, Buffett entered the Wharton School of the University of Pennsylvania. … Read More

TWENTIES

1951 20 Years Old 1 More Event
He earned a Master of Science in Economics from Columbia in 1951. … Read More
In April 1952, Buffett discovered that Graham was on the board of GEICO insurance. … Read More
1954 - 1959 5 More Events
1960 29 Years Old By 1960, Buffett operated seven partnerships. … Read More

THIRTIES

1961 - 1965 3 More Events
1966 35 Years Old In 1966, Buffett closed the partnership to new money. … Read More
1969 38 Years Old In 1969, following his most successful year, Buffett liquidated the partnership and transferred their assets to his partners. … Read More
1970 39 Years Old In 1970, Buffett began writing his now-famous annual letters to shareholders. … Read More

FORTIES

1974 43 Years Old In 1974, the SEC opened a formal investigation into Buffett and Berkshire's acquisition of WESCO, due to possible conflict of interest. … Read More
1977 46 Years Old The couple began living separately in 1977, although they remained married until Susan Buffett's death in July 2004. … Read More

FIFTIES

1987 56 Years Old In 1987, Berkshire Hathaway purchased a 12% stake in Salomon Inc., making it the largest shareholder and Buffett a director. In 1990, a scandal involving John Gutfreund (former CEO of Salomon Brothers) surfaced. … Read More
1988 57 Years Old In 1988, Buffett began buying The Coca-Cola Company stock, eventually purchasing up to 7% of the company for $1.02 billion. … Read More
1990 59 Years Old Buffett became a paper billionaire when Berkshire Hathaway began selling class A shares on May 29, 1990, with the market closing at US$7,175 a share.

LATE ADULTHOOD

1998 - 2005 4 More Events
By April 2006, his total gain on these contracts was over US$2 billion.
In 2007, in a letter to shareholders, Buffett announced that he was looking for a younger successor, or perhaps successors, to run his investment business. … Read More
Buffett's Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his later deals suffered large mark-to-market losses. … Read More
In February 2009, Buffett sold some Procter & Gamble Co. and Johnson & Johnson shares from his personal portfolio. … Read More
2010 - 2012 4 More Events
Interim publisher James W. Hopson announced on July 18, 2013 that the Press of Atlantic City would be sold to Buffett’s BH Media Group by ABARTA, a private holding company based in Pittsburgh, U.S. At the Berkshire shareholders meeting in May 2013, Buffett explained that he did not expect to "move the needle" at Berkshire with newspaper acquisitions, but he anticipates an annual return of 10 percent. … Read More
2014 - 2015 3 More Events
2016 85 Years Old 1 More Event
…  Buffett is also active in contributing to political causes, having endorsed Democratic candidate Hillary Clinton for president during the 2016 campaign season.
Original Authors of this text are noted on http://en.wikipedia.org/wiki/Warren_Buffett.
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