Warren Buffett Wiki Biography, Age, Career, Net Worth: Warren Buffett is an American investor, business magnate, and philanthropist who is considered one of the most successful investors in the world. He is the chairman and CEO of Berkshire Hathaway, a holding company with investments in various industries including insurance, energy, and retail.
Warren Buffett Wiki Biography Overview
|Article Name||Warren Buffett Wiki Biography|
|Full Name||Warren Buffett|
|Birthday||August 30, 1930|
|Age||92 years old|
|Height||Approximately 5’10” (178 cm)|
|Education||University of Nebraska-Lincoln, Columbia University|
|Family||Married twice, three children|
|Career||Chairman and CEO of Berkshire Hathaway|
|Achievements||Widely regarded as one of the most successful investors of all time, pledged to give away the majority of his fortune to philanthropic causes|
|Net Worth||$105 billion (as of 2022, according to Forbes)|
Warren Buffett Birthday, Age, Height and Weight
Warren Buffett was born on August 30, 1930, which makes him 92 years old as of 2022. He is approximately 5 feet 10 inches (178 cm) tall and his weight is not publicly known.
Warren Buffett Education
Buffett graduated from the University of Nebraska-Lincoln in 1950 with a degree in Business Administration. He then went on to study at Columbia University, where he received a Master’s degree in Economics in 1951.
Warren buffett Early Life
Buffett was born in Omaha, Nebraska to Howard Buffett, a stockbroker and Congressman, and Leila Stahl Buffett. From an early age, Buffett showed an interest in investing and entrepreneurship, delivering newspapers and selling gum and Coca-Cola bottles door-to-door as a child.
Warren Buffett Family
Buffett has been married twice and has three children. His first wife, Susan, passed away in 2004. In 2006, he married his longtime partner, Astrid Menks.
Warren Buffet Career
After completing his education, Buffett worked as an investment salesman and analyst at various firms. In 1956, he started his own investment partnership, which eventually became Berkshire Hathaway. Over the years, Buffett has become known for his value investing strategy, which involves finding undervalued companies and holding onto them for the long term.
Buffett is widely regarded as one of the most successful investors of all time. In 2019, he was ranked as the fourth-wealthiest person in the world with a net worth of $82.5 billion. He has also pledged to give away the majority of his fortune to philanthropic causes, including education and global health initiatives.
Warren Buffett Net Worth:
As of 2022, Warren Buffett’s net worth is estimated to be around $105 billion, according to Forbes.
Buffett’s Political and Public Policy Views
Political Contributions and Endorsements:
- Buffett endorsed and made campaign contributions to Barack Obama’s presidential campaign
- Buffett attended a fundraiser for Obama’s campaign in Chicago in 2008
- Buffett supported Obama’s views on social justice
- McCain and Obama both mentioned Buffett as a possible future Secretary of the Treasury during the 2008 presidential debate
- Buffett was also a financial advisor to Republican candidate Arnold Schwarzenegger during the 2003 California gubernatorial election
- In 2015, Buffett endorsed Democratic candidate Hillary Clinton for president
- Buffett challenged Donald Trump to release his tax returns in 2016
- In response to Trump’s claim that he was unable to release his tax information, Buffett said he had no problem releasing his own tax information while under audit
- Buffett criticized the health care reform under President Obama as insufficient to deal with the costs of health care in the US
- Buffett compared health care costs to a tapeworm, saying that they compromise US economic competitiveness
- Buffett said in 2010 that it was not sustainable for the U.S. to devote 17% of its GDP to healthcare expenditure
- Buffett faulted the incentives in the United States medical industry, that payers reimburse doctors for procedures leading to unnecessary care, instead of paying for results
- Buffett raised the problem of lobbying by the medical industry, saying that they are very focused on maintaining their income
Curbing Population Growth:
- Buffett has expressed concerns about unchecked population growth
- In 2009, he met with several other billionaires to discuss healthcare, education and slowing population growth
- The meeting has drawn criticism from some right-wing blogs, with some believing the group to be a part of a secret sterilization society
- Buffett is a long-time supporter of family planning
- The Buffett Foundation has given over $1.5 billion to abortion research, including $427 million to Planned Parenthood
- Buffett stated that he only paid 19 percent of his income for 2006 in total federal taxes, while his employees paid 33 percent of theirs, despite making much less money
- Buffett favors the inheritance tax, saying that repealing it would be like “choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics”
- In 2007, Buffett testified before the Senate and urged them to preserve the estate tax to avoid a plutocracy
- Some critics argued that Buffett (through Berkshire Hathaway) has a personal interest in the continuation of the estate tax, since Berkshire Hathaway benefited from it.
Dollar and Gold
Buffett has been bearish on the US dollar and has reduced his stake in the foreign currency market. He has also been critical of gold as an investment, citing its non-productive nature.
Buffett has made significant investments in Chinese companies, including PetroChina and BYD Company. While he initially profited from these investments, his investment in BYD Company later resulted in his worst investment in China.
Buffett has been quoted as saying that he likes the cigarette business because it is addictive and has fantastic brand loyalty. However, he has also expressed concerns about societal attitudes toward tobacco and the industry’s future.
Coal and Renewable Energy
Buffett’s PacifiCorp canceled six proposed coal-fired power plants in 2007 after pressure from regulators and citizen groups. He has also been approached by Native American tribes and salmon fishermen to support a proposal to remove hydroelectric dams from the Klamath River. However, his response was that the Federal Energy Regulatory Commission would decide the matter.
Technology and Social Media
Buffett has avoided buying stock in new social media companies such as Facebook and Google because he finds it hard to estimate their future value. He has also stated that IPOs are almost always bad investments and that investors should be looking to companies that will have good value in the long term.
Bitcoin and Cryptocurrencies
Buffett has expressed skepticism about Bitcoin and other cryptocurrencies, stating that he does not know how the recent craze will end. However, he has also said that he would not take a short position on bitcoin futures.
Warren Buffett Books:
|The Essays of Warren Buffett||1997||Warren Buffett|
|Buffettology: The Previously Unexplained Techniques That Have Made Warren Buffett The Worlds Most Famous Investor||1997||Mary Buffett and David Clark|
|The Warren Buffett Way: Investment Strategies of the World’s Greatest Investor||1994||Robert G. Hagstrom|
|The Tao of Warren Buffett: Warren Buffett’s Words of Wisdom||2006||Mary Buffett and David Clark|
|The Intelligent Investor by Benjamin Graham, with commentary by Jason Zweig||2003||Warren Buffett (introduction)|
|The Snowball: Warren Buffett and the Business of Life||2008||Alice Schroeder|
|Berkshire Hathaway Letters to Shareholders||2013||Warren Buffett|
|Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2012||2012||Carol Loomis|
|Berkshire Beyond Buffett: The Enduring Value of Values||2014||Lawrence Cunningham|