![]() ![]() ![]() While he has gone on record about having regrets about some of his investments in Hathaway, it has not stopped him from continuing to grow his wealth. Either way, he is still a multi-billionaire and considered one of the most successful investors in history. Although, some say that it was in the 1990s when Hathaway began to trade class A shares, that he finally became a billionaire. Warren Buffet hit billionaire status in 1985. He also helped finance the launch of several businesses, such as the Washington Post and Geico Insurance. Throughout the years, he continued to invest in a variety of companies, including Coca-Cola, Gillette, and American Express. This purchase would serve as the foundation for his eventual empire. His next major move was to invest in and ultimately acquire the textile manufacturer Berkshire Hathaway. About $1 million of this was his personal share, which made him a millionaire at only 32 years old. In 1962, the various partnerships he had formed generated over $7 million in wealth. Over the next few decades, Warren Buffett continued to grow his businesses and investments, creating tremendous wealth off of a mere $100 of initial investments. Together, they formed Berkshire Hathaway Inc., which is now one of the most successful companies in the world. In 1959, he met Charlie Munger, who would become his business partner for life. However, he decided to continue working because he found it enjoyable and stimulating. This was a very successful venture and he had made enough money to retire if he would so choose. In 1956, he started his own company, Buffett Partnership Ltd. At this time, he also married his wife, Susan Thompson, who he would go on to be with until her death in 2004. These lessons would serve him well throughout his career as an investor.īuffett began his professional career by working as a securities analyst at Buffett-Falk & Co. While he was studying at Columbia Business School, one of his professors, Benjamin Graham, taught him the principles of value investing. This was an extraordinary amount of money for a young man in his early twenties. While other kids his age were playing outside, Warren Buffett stayed busy by generating more cash flow through various businesses and investments.īy the time he finished college, he had the equivalent of $112,000 in today’s dollars saved. He also purchased three shares for his sister Doris Buffett, showing early in his life that his vision was to create wealth to share with others. One year later, he was investing in his first shares of Cities Service, a company that is now called Citgo. At only 10 years old, he insisted on visiting the New York Stock Exchange. Young Warren was well aware of the stock market during his first trip to New York City. He and a friend later sold the business to a war veteran for $1,200 in addition to its profits. This venture went so well that they placed even more machines in other barbershops in the area. His first semi-passive franchising income came when he and a friend bought a pinball machine and placed it in a local barbershop. When he was in high school, he picked up additional odd jobs such as washing cars and selling off collectibles such as stamps. He then found as many ways as possible to sell whatever he could in the local neighborhood, from chewing gum to cokes to papers and magazines. One particular book entitled “One Thousand Ways to Make $1000” attracted his attention at the public library at the young age of seven and opened his mind to the possibilities of making money. While his family had the means to provide a comfortable life for him, young Warren was driven to earn his own keep from a very young age.īuffett always had a knack and passion for personal finance. He was the son of a US congressman and a stay-at-home mom. Warren Buffett was born in 1930 in Omaha, Nebraska. Which is why cover titans of industry, to see if we can reveal some of less obvious success secrets that usually lie hidden in their humble journeys towards success. Having said that, we believe every success story leaves clues that others can leverage if they’ll but look to discover them. ![]() He’s a self-made financial icon with a multi-billion net worth, and his story is one that showcases more than just the power of determination and hard work, but also the power of focus, patience, and taking calculated risks. Warren Buffett, who is known to many as the “Oracle of Omaha”, is one of the most successful businessmen in the world. ![]()
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