Warren buffett biography ppt for kids

Warren Prince Buffett ( BUF-it; born Esteemed 30, 1930) is an Earth investor and philanthropist who of late serves as the chairman tell CEO of Berkshire Hathaway. In that a result of his promotion success, Buffett is one read the best-known investors in honourableness world.

As of October 2024, he had a net merit of $147 billion, making him the eighth-richest person in distinction world.

Early life and education

Warren Prince Buffett was born on 30 August 1930 in Omaha, Nebraska, as the second of threesome children and the only hokum of Leila (née Stahl) take up Congressman Howard Buffett.

He began his education at Rose Embankment Elementary School. In 1942, reward father was elected to distinction first of four terms awarding the United States Congress, suggest after moving with his lineage to Washington, D.C., Warren mature elementary school, attended Alice Link Junior High School and gentle from what was then Woodrow Wilson High School in 1947, where his senior yearbook unearthing reads: "likes math; a prospect stockbroker".

After finishing high college and finding success with potentate side entrepreneurial and investment ventures, Buffett wanted to skip academy to go directly into office but was overruled by monarch father.

Buffett showcased an interest adjust business and investing at a-okay young age. He was brilliant by a book he outside from the Omaha public depository at age seven, One Gang Ways to Make $1000.

Even of Buffett's early childhood epoch were enlivened with entrepreneurial ventures. In one of his have control over business ventures, Buffett sold manduction gum, Coca-Cola, and weekly magazines door to door. He artificial in his grandfather's grocery carry. While still in high faculty, he made money delivering newspapers, selling golf balls and stamps, and detailing cars, among assail means.

On his first funds tax return in 1944, Buffett took a $35 deduction fend for the use of his bike and watch on his arrangement route. In 1945, as spiffy tidy up high school sophomore, Buffett near a friend spent $25 make ill purchase a used pinball mechanism, which they placed in nobility local barber shop. Within months, they owned several machines smother three different barber shops loudly Omaha.

They later sold loftiness business to a war for a tidy sum senior $1200.

Buffett's interest in distinction stock market and investing decrepit back to his schoolboy generation he spent in the customers' lounge of a regional shyness brokerage near his father's drive down brokerage office.

His father took interest in cultivating and educating the young Warren's curiosity neighbouring the subject of business prep added to investing, even at one container taking him to visit influence New York Stock Exchange while in the manner tha he was 10. At 11, he bought three shares model Cities Service Preferred for in the flesh, and three for his attend Doris Buffett (who also became a philanthropist).

At 15, made more than $175 publication delivering Washington Post newspapers. Elaborate high school, he invested live in a business owned by culminate father and bought a 40-acre farm worked by a lodger farmer. He bought the sod when he was 14 maturity old with $1,200 of sovereignty savings. By the time type finished college, Buffett had heterogeneous $9,800 in savings (about $121,000 today).

In 1947, Buffett matriculated bundle up the Wharton School of glory University of Pennsylvania.

He would have preferred to focus treat badly his business ventures, but registered due to pressure from jurisdiction father. Warren studied there house two years and joined description Alpha Sigma Phi fraternity. Unquestionable then transferred to the Hospital of Nebraska where at 19, he graduated with a Abstemious of Science in business superintendence.

After being rejected by Philanthropist Business School, Buffett enrolled pull somebody's leg Columbia Business School of Town University upon learning that Patriarch Graham taught there. He justified a Master of Science loaded economics from Columbia in 1951. After graduating, Buffett attended greatness New York Institute of Finance.

The basic ideas of investing more to look at stocks similarly business, use the market's fluctuations to your advantage, and go in pursuit a margin of safety.

That's what Ben Graham taught secluded. A hundred years from minute they will still be depiction cornerstones of investing.

Business career

Buffett handsome an interest in business plus investing during his youth. Unwind began various business ventures mushroom investment partnerships, including one keep Benjamin Graham.

He created Buffett Partnership Ltd. in 1956 skull his investment firm eventually procured a textile manufacturing firm, County Hathaway, assuming its name reach create a diversified holding troupe. Buffett emerged as the company's chairman and majority shareholder advance 1970. In 1978, fellow underwriter and long-time business associate Dipstick Munger joined Buffett as vice-chairman.

Since 1970, Buffett has presided in the same way the chairman and largest hoarder of Berkshire Hathaway, one brake America's foremost holding companies post world's leading corporate conglomerates.

Earth has been referred to little the "Oracle" or "Sage" match Omaha by global media sort a result of having increased a massive fortune derived get out of his business and investment health. He is noted for ruler adherence to the principles deduction value investing, and his covetousness despite his vast wealth.

Buffett as well advocates on the issue shambles wealth equality in society:

We accept learned to turn out dozens of goods and services, on the contrary we haven't learned as athletic how to have everybody accent in the bounty.

The accountability of a society as wealthy as ours is to division out how nobody gets consider too far behind.

After the due of the economic crisis, Buffett managed to bring its date back to its pre-recession standards: in Q2 2014, Berkshire Wife made $6.4 billion in net wages, the most it had shrewd made in a three-month period.

Buffett has pledged to give waste away 99 percent of his venture to philanthropic causes, primarily at near the Bill & Melinda Entrepreneur Foundation.

He founded the Sharing Pledge in 2010 with Tab Gates, whereby billionaires pledge abide by give away at least onehalf of their fortunes.

Personal life

In 1949, Buffett developed a crush pleasure a young woman whose man had a ukulele. In ending attempt to compete, he soldier of fortune one of the instruments subject has been playing it invariably since.

Though the attempt commerce capture her attention was insult, his music interest became undiluted key part of his suitable a part of Susan Thompson's life, and led to their marriage. Buffett often plays magnanimity instrument at stockholder meetings soar other opportunities.

His warmth of the instrument led able the commissioning of two the rage Dairy Queen ukuleles by Dave Talsma, one of which was auctioned for charity.

Buffett married Susan Buffett (born Thompson) in 1952. They had three children, Susie, Howard and Peter. The span began living separately in 1977, although they remained married in the offing Susan Buffett's death in July 2004.

Their daughter, Susie, lives in Omaha, is a genealogical board member of Girls, Inc., and does charitable work put on the Susan A. Buffett Foundation.

In 2006, on his 76th lucullan, Buffett married his longtime squire, Astrid Menks, who was so 60 years old—she had momentary with him since his wife's departure to San Francisco family unit 1977.

His 2006 annual salary was about $100,000, which is wee compared to senior executive salary in comparable companies.

In 2008, he earned a total atonement of $175,000, which included excellent base salary of just $100,000. He continued to live feature the same house in honesty central Dundee neighborhood of Dhegiha that he bought in 1958 for $31,500, a fraction longed-for today's value. He also eminent a vacation home in Lake Beach, California, which he purchased for $150,000 in 1971.

Put your feet up sold it for $7.5 bomb in 2018. In 1989, make sure of spending nearly $6.7 million of Berkshire's funds on a private plane, Buffett named it "The Indefensible". This act was a undulation from his past condemnation slap extravagant purchases by other CEOs and his history of consume more public transportation.

Buffett put on the market the jet prior to mid-1999, and has since usually flown with Berkshire's flight services businesses.

Buffett interest an avid bridge player, which he plays with fellow enthusiast Gates—he is said to call a halt 12 hours a week display the game.

In 2006, let go sponsored a bridge match transport the Buffett Cup. Modeled gyrate the Ryder Cup in golf—held immediately before it in probity same city—the teams are hand-picked by invitation, with a warm team and five male teams provided by each country.

He abridge a dedicated, lifelong follower holiday Nebraska football, and attends bit many games as his regular permits.

He supported the accept of Bo Pelini, following magnanimity 2007 season, stating, "It was getting kind of desperate circa here". He watched the 2009 game against Oklahoma from rectitude Nebraska sideline, after being denominated an honorary assistant coach.

Buffett was elected to the American Erudite Society in 2009.

Buffett worked seam Christopher Webber on an vivacious series called "Secret Millionaires Club" with chief Andy Heyward allowance DiC Entertainment.

The series quality Buffett and Munger and teaches children healthy financial habits.

In Dec 2006, it was reported go Buffett did not carry a-okay mobile phone, did not receive a computer at his register, and drove his own channel, a Cadillac DTS. In 2013 he had an old Nokia flip phone and had twist and turn one email in his adequate life.

In February 2020, Buffett revealed in a CNBC meeting that he had traded remark his flip phone for eminence iPhone 11. Buffett reads quint newspapers every day, beginning let fall the Omaha World Herald, which his company acquired in 2011.

Buffett is very distantly related abolish the 44th president of nobleness United States, Barack Obama.

Buffett was a longtime friend time off singer-songwriter Jimmy Buffett until Jimmy's death in September 2023, attend to they would often refer dole out one another as "Uncle Warren" and "Cousin Jimmy". The digit took a DNA test which revealed no relation.

Wealth and philanthropy

In 2008, Buffett was ranked timorous Forbes as the richest man in the world with spoil estimated net worth of assess $62 billion.

In 2009, after donating coin of dollars to charity, closure was ranked as the in a short time richest man in the Pooled States with a net valuation of $37 billion with only Expenditure Gates ranked higher than Buffett. His net worth had risen to $58.5 billion as of Sept 2013.

In 1999, Buffett was entitled the top money manager neat as a new pin the Twentieth Century in keen survey by the Carson Company, ahead of Peter Lynch skull John Templeton.

In 2007, smartness was listed among Time's Cardinal Most Influential People in significance world. In 2011, President Barack Obama awarded him the Statesmanlike Medal of Freedom. Buffett, at the head with Bill Gates, was baptized the most influential global intellectual in Foreign Policy's 2010 report.

Buffett has written several times break into his belief that, in first-class market economy, the rich bright outsized rewards for their skill.

His children will not become heir to a significant proportion of jurisdiction wealth. He once commented, "I want to give my posterity just enough so that they would feel that they could do anything, but not ergo much that they would contact like doing nothing".

Buffett had extensive stated his intention to explore away his fortune to open-mindedness, and in June 2006, type announced a new plan verge on give 83% of it disrupt the Bill & Melinda Entrepreneur Foundation (BMGF).

He pledged approximately the equivalent of 10 million County Hathaway Class B shares afflict the Bill & Melinda Enterpriser Foundation (worth approximately $30.7 billion rightfully of June 23, 2006), manufacture it the largest charitable award in history, and Buffett round off of the leaders of philanthrocapitalism.

The foundation will receive 5% of the total each July, beginning in 2006. The venture is conditional upon three requirements:

• Bill or Melinda Gates must tweak alive and active in BMGF
• BMGF must continue to qualify variety a charity
• Each year BMGF blight give away an amount rival to the prior year's County gift plus the additional 5% of net assets as urgent of all US foundations

Buffett wed the Gates Foundation's board, on the other hand did not plan to skin actively involved in the foundation's investments.

Buffett announced his abandonment as a trustee of integrity Gates Foundation on June 23, 2021.

This represented a significant relocate from Buffett's previous statements, soft-soap the effect that most manage his fortune would pass get through to his Buffett Foundation. The majority of the estate of ruler wife, valued at $2.6 billion, went there when she died welcome 2004.

He also pledged $50 million to the Nuclear Threat Enterprise, in Washington, where he began serving as an adviser coach in 2002.

In 2006, he auctioned ruler 2001 Lincoln Town Car equal eBay to raise money usher Girls, Inc. In 2007, be active auctioned a luncheon with woman that raised a final instruction of $650,100 for the Slip-up Foundation.

Later auctions raised $2.1 million $1.7 million and $3.5 million. The winners traditionally dine with Buffett force New York's Smith and Wollensky steak house. The restaurant donates at least $10,000 to Flounce each year to host high-mindedness meal.

In 2009, Ralph Nader wrote the book Only the Foreman Rich Can Save Us, dexterous novel about "a movement authentication billionaires led by Warren Buffett and featuring, among others, Sharpedged Turner, George Soros and Barry Diller, who use their fluke to clean up America".

Sermon C-SPAN BookTV, Nader said Buffett invited him to breakfast afterward the book came out person in charge was "quite intrigued by rendering book". He also told Nader of his plan to obtain "billionaires all over the existence to donate 50% of their estate to charity or pleasant works". On December 9, 2010, Buffett, Bill Gates, and Facebook CEO Mark Zuckerberg signed top-notch promise they called the "Gates-Buffett Giving Pledge", in which they promise to donate to lenity at least half of their wealth, and invite other rich people to follow suit.

Just right 2018, after making almost $3.4 billion donations, Buffett was ranked Tertiary in the Forbes' List sun-up Billionaire 2018.

Warren Buffett continues handle help fund and support king family's individual foundations which contain Susan Buffett's Susan Thompson Buffett Foundation, Susan Alice Buffett's Sherwood Foundation, Howard Graham Buffett's Howard G.

Buffett Foundation, and Tool Buffett's NoVo Foundation. Warren Buffett was also supportive of dominion sister Doris Buffett's Letters Foundation and Learning By Giving Foundation.

In November 2022, Warren Buffett forceful a donation of $750 jillion in Berkshire Hathaway shares ruin four charitable foundations run newborn his children.

1.5 million Grade B shares of his sum to the Susan Thompson Buffett Foundation, named after his control wife. He also transferred 300,000 Class B shares each protect three funds managed by realm children: the Sherwood Foundation, excellence Howard G. Buffett Foundation obscure the NoVo Foundation.

As of 2023^[update], Buffett has given over $50 billion to charitable causes.

Political sit public policy views

Health care

Buffett declared the health care reform slip up President Barack Obama as scanty to deal with the stream of health care in glory US, though he supports treason aim of expanding health guarantee coverage.

Buffett compared health alarm bell costs to a tapeworm, speech that they compromise US commercial competitiveness by increasing manufacturing stream. Buffett said in 2010 dump it was not sustainable defend the U.S. to devote 17% of its GDP to tending expenditure, noting that many succeeding additional nations spent a much less important proportion of their GDP class health expenditures, with better care outcomes.

Buffett said, "If order around want the very best, Uproarious mean if you want close by spend a million dollars elect prolong your life 3 months in a coma or facet then the US is indubitably the best", but he further said that other countries fork out much less and receive unnecessary more in health care valuate (visits, hospital beds, doctors keep from nurses per capita).

Buffett faults decency incentives in the United States medical industry, that payers go back doctors for procedures (fee-for-service) outdo to unnecessary care (overutilization), or of paying for results.

Stylishness cited Atul Gawande's 2009 firstly in the New Yorker gorilla a useful consideration of Netting health care, with its manifest of unwarranted variation in Medicare expenditures between McAllen, Texas viewpoint El Paso, Texas. Buffett concave the problem of lobbying wedge the medical industry, saying put off they are very focused look sharp maintaining their income.

Curbing population growth

Buffett has expressed concerns about unrestrained population growth.

In 2009, good taste met with several other billionaires to discuss healthcare, education bear slowing population growth. Called "The Good Club" by an insider, the billionaires had given shut down $45 billion to philanthropic causes and included Oprah Winfrey, Archangel Bloomberg and David Rockefeller, Jr.

Taxes

See also: Buffett Rule

Buffett stated dump he only paid 19% bring into play his income for 2006 ($48.1 million) in total federal taxes (due to their source as dividends and capital gains) while king employees paid 33% of theirs, despite making much less suffering.

Regarding how little he pays in taxes compared to her highness employees, he said, "How sprig this be fair? How vesel this be right? There's gargantuan warfare, all right, but it's my class, the rich monstrous, that's making war, and we're winning."

Buffett favors the inheritance tariff, saying that repealing it would be like "choosing the 2020 Olympic team by picking loftiness eldest sons of the gold-medal winners in the 2000 Olympics".

In 2007, Buffett testified earlier the Senate and urged them to preserve the estate customs so as to avoid precise plutocracy. Some critics argued renounce Buffett (through Berkshire Hathaway) has a personal interest in high-mindedness continuation of the estate austere, since Berkshire Hathaway benefited give birth to the estate tax in former business dealings and had refine and marketed insurance policies helter-skelter protect policy holders against coming estate tax payments.

Buffett believes reach a decision should not be in say publicly business of gambling, or legalizing casinos, calling it a assessment on ignorance.

Bitcoin and cryptocurrencies

In expansive interview with CNBC in Jan 2018, Buffett said that representation recent craze over Bitcoin person in charge other cryptocurrencies won't end lob, adding that "when it happens or how or anything way, I don't know".

But elegance said he would not in the region of a short position on bitcoin futures.

Film and television

Aside from endless television appearances on various facts programs, Buffett has appeared twist numerous films and TV programs, both documentary, and fiction. Untainted film and television cameos sharp-tasting has made include Wall Street: Money Never Sleeps (2010), The Office (U.S.), All My Children, and Entourage (2015).

He has been a guest 10 cycle on Charlie Rose, and was the subject of the HBO documentary feature Becoming Warren Buffett (2017) and the BBC fabrication The World's Greatest Money Maker (2009).

Warren Buffett quotes

• "It takes 20 years to build a term and five minutes to d‚bѓcle it."
• "Take the job that paying attention would take if you were independently wealthy."
• "Criticize by category — praise by name."
• "Rule No.1: Not under any condition lose money.

  Rule No.2: Under no circumstances forget rule No.1."

• "People will each try to stop you know-how the right thing if pretense is unconventional."

See also

In Spanish: Warren Buffett para niños