Warren Buffett (2024)

About Warren Buffett

Known as the "Oracle of Omaha," Warren Buffett is one of the most successful investors of all time.
Buffett runs Berkshire Hathaway, which owns dozens of companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen.
The son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13.
He has promised to donate over 99% of his wealth. So far he has given more than $56 billion, mostly through the Gates Foundation and his kids' foundations.
In 2010, he and Bill Gates launched the Giving Pledge, asking other billionaires to commit to donating at least half of their fortune to charitable causes.

Wealth History

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Forbes Lists

Billionaires (2024)

Forbes 400 (2023)

The Richest Person In Every State (2023)

#16

Powerful People (2018)

Personal Stats

Age: 93

Source of Wealth: Berkshire Hathaway, Self Made

Self-Made Score: 8

Philanthropy Score: 5

Residence: Omaha, Nebraska

Citizenship: United States

Marital Status: Widowed, Remarried

Children: 3

Education: Master of Science, Columbia University; Bachelor of Arts/Science, University of Nebraska Lincoln

Did you know

Buffett still lives in the same Omaha, Nebraska, home he purchased in 1958 for $31,500.

Buffett was rejected from Harvard Business School; he got a master's in economics from Columbia University instead.

In Their Own Words

Rational people don't risk what they have and need for what they don't have and don't need.
Warren Buffett

Related People & Companies

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FAQs

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." In his 1989 letter to Berkshire Hathaway shareholders, Buffett weighed in on the commitment and faith needed to succeed on Wall Street.

A: Five rules drawn from Warren Buffett's wisdom for potentially building wealth include investing for the long term, staying informed, maintaining a competitive advantage, focusing on quality, and managing risk.

"Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1."- Warren Buffet.

In 2008, amid one of the most severe financial crises in recent history, legendary investor Warren Buffett, chairman of Berkshire Hathaway, shared a piece of timeless wisdom that would resonate with investors for generations to come: “Be fearful when others are greedy, and be greedy when others are fearful.”

Buffett presented a three-step exercise to help streamline his focus. The first step was to write down his top 25 career goals. In the second step, Buffett told Flint to identify his top five goals from the list. In the final step, Flint had two lists: the top five goals (List A) and the remaining 20 (List B).

His biggest weakness is greed. He loves money too much that it interfered with his relationship with his family for a long time.

Warren Buffett typically does not give money to individuals, although he frequently donates to charities. However, he has in the past forwarded individual requests for money to his sister, Ms. Doris Buffett, who operates an organization called the Sunshine Lady Foundation.

Buffett said he revises his will every three years, and he still advises his wife to allocate 10% of her inheritance to short-term government bonds and 90% to a low-cost S&P 500 index fund.

According to Buffett, you should invest 90% of your retirement funds in stock-based index funds. According to Buffett, the remaining 10% should be invested in short-term government bonds. The government uses these to finance its projects.

“Price is what you pay, value is what you get.” This famous Buffett quote strikes at the heart of the “value investor” approach and reveals the secret of how Buffett made his fortune.

A staunch believer in the value-based investing model, investment guru Warren Buffett has long held the belief that people should only buy stocks in companies that exhibit solid fundamentals, strong earnings power, and the potential for continued growth.

What is Warren Buffett known for? Warren Buffett, known as the "Oracle of Omaha," is an American businessman and philanthropist, widely considered the most successful investor of the 20th century. He has amassed a personal fortune of more than $60 billion by defying prevailing investment trends.