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The ‘Oracle of Omaha’
Warren Buffett, the second wealthiest man in the world behind Bill Gates according to Forbes magazine, has committed to donating his estimated $52 billion net worth to charity ...
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Quote of the Day
“In the business world, the rearview mirror is always clearer than the windshield.”
– Warren Buffett
The 'Oracle of Omaha'
Warren Buffett, the second wealthiest man in the world behind Bill Gates according to Forbes magazine, has committed to donating his estimated $52 billion net worth to charity, including $30 billion to the Bill and Melinda Gates Foundation. Buffett amassed his enormous fortune from astute investments managed through the holding company Berkshire Hathaway, of which he is the largest shareholder and CEO. Here are some interesting aspects of his life:
1. He bought his first share of stock at age 11.
2. He bought a small farm at age 14 with savings from delivering newspapers.
3. He still lives in the small 3-bedroom house in Omaha, NE that he bought after he was married 50 years ago.
4. He drives his own car everywhere.
5. His company, Berkshire Hathaway, owns 63 companies. He reportedly writes only one letter each year to the CEOs of these companies, giving them goals for the year.
6. He does not socialize with the high society crowd. At home, he likes to make popcorn and watch television.
8. He met Bill Gates for the first time five years ago.
9. He does not carry a cell phone.
10. His advice to young people: Stay away from credit cards and invest in yourself.
Source: Wikipedia and other online sources
