Warren Buffett

Warren Buffett is well known for being a self-made billionaire. He started investing at the age of 11, where he bought three shares of Cities Service Preferred which he earned a small profit off of. He was disappointed to find that after he sold his shares for $40 each, they went up to $200 each. He later stated that it was a lesson to him to have patience with the stock market. Buffett started running his own small business as a paper boy when he was only 13 years old. He was also selling his own horseracing tip sheets. During high school, Buffett was still coming up with ways to make money. Buffett and his friend purchased a pinball machine for $25, installed it in a barber shop, and a few months later, had enough profit to purchase other machines. They installed two more machines in two other locations. Buffett and his friend later sold the business for $1,200. Buffett attended college at the University of Pennsylvania for two years studying business when he was just 16 years old. He then moved to the University of Nebraska to finish his degree. He finished school at age 20, with $10,000 from his childhood businesses. He decided to advance his degree and attended Colombia University. Just after he finished school, he formed the firm Buffett Partnership in his hometown of Omaha. He became very rich and was named “Oracle of Omaha”. His success came from buying undervalues companies whose stocks shortly began to rise. In 2006, Buffett donated all of him money to charity. Eighty-five percent of it went to the Bill and Melinda Gates Foundation. It had been biggest charitable donation in history. He donated another $1.5 billion to the Gates Foundation, bringing his total lifetime giving to $17.3 billion, in July 2012. Then in August, he pledged $3 billion in stock to his children’s foundations. Warren Buffett is currently the CEO and