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Warren Edward Buffett (born August 30, 1930) is an American stock investor, businessman and philanthropist. QUOTE. Nicknamed the "Oracle of Omaha" or the "Sage of Omaha," Buffett has amassed an enormous fortune from astute investments, particularly through his company Berkshire Hathaway, in which he holds a greater than 38% stake. With an estimated current net worth of around US$42 billion[2], he is ranked by Forbes as the second-richest person in the world, behind only Microsoft chairman Bill Gates. In June 2006, he made the commitment to give away 85% of his fortune, most of which would be going to the Bill and Melinda Gates Foundation. [3] Buffett's donation was the largest act of charitable giving in United States history. [4]

Despite his immense wealth, Buffett is famous for his generally unpretentious and frugal lifestyle, the main departure from which took place in 1989 when he spent $6. Buy your new house insurance policy online with moneysupermarketcom. 7 million of Berkshire's funds on a corporate jet. He jokingly named his jet "The Indefensible" because he could find no logical justification for the cost. [5] He continues to live in the same house in Omaha he bought in 1958 for $31,500,[6] although he also owns a summer house in Laguna Beach, California. His annual salary from Berkshire Hathaway of $100,000[1] is small by the standards of senior executive remuneration in the United States. [7]

Overview

Buffett was born in Omaha, Nebraska, to Howard Buffett, a stockbroker and United States Representative, and Leila Buffett. Find a removal company. Buffett has two sisters, Doris and Bertie.