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'Wizard', 'Oracle', or 'Sage" Of Omaha - The Business Magnate: Warren Buffett

Berkshire Hathaway has been recently in news, with one question in everyone's mind: who will take the reins of the empire built by 88-year-old billionaire Warren Buffett?

Well the time will tell, as in January 2019, Berkshire Hathaway has added two senior executives — Gregory E. Abel and Ajit Jain to its board.

Before I discuss on who is Gregory E. Abel and Ajit Jain, let us know who is Warren Buffett!

Personal:
Birth date: August 30, 1930
Birth place: Omaha, Nebraska
    Birth name: Warren Edward Buffett
    Father: Howard Buffett, politician and businessman
    Mother: Leila (Stahl) Buffett
    Marriages: Astrid Menks (August 30, 2006-present); Susan (Thompson) Buffett (April 19, 1952-July 29, 2004, her death)
    Children: with Susan (Thompson) Buffett: Peter, 1958; Howard, 1954; Susan, 1953
    Education: University of Nebraska, B.S., 1950; Columbia University, M.S. in Economics, 1951
    Other Facts:
    Nicknamed the "Oracle of Omaha."
    At the age of 13, Buffett filed his first tax return for income from newspaper routes.
    Lives in the same home in Omaha that he purchased in 1958 for $31,500.
    Berkshire Hathaway is a holding company which lists GEICO, Fruit of the Loom, Dairy Queen, Duracell and numerous other companies as subsidiaries.
    Timeline:
    1951-1954 - Investment salesman for Buffett, Falk, & Co., his father's investment firm.
    1954-1956 - Security analyst for Graham-Newman Corp. in New York.
    1956-1969 - General partner in Buffett Partnership, Ltd., an investment firm he started.
    1962 - Begins buying stock in Berkshire Hathaway, a textile manufacturer in New Bedford, Massachusetts.
    1965 - Buys controlling stock in Berkshire Hathaway Inc.
    1969 - Dissolves Buffett Partnership. Berkshire Hathaway becomes his investment vehicle.
    1970 - Becomes chairman and CEO of Berkshire Hathaway.
    1974-1986 and 1996-2011 - Member of the board of directors at the Washington Post Company.
    1982 - Appears on the first annual Forbes list of the 400 richest people in America. His net worth is estimated at $250 million.
    1989-2003 - Director of the Gillette Company.
    1989-2006 - Director of the Coca-Cola Company.
    1993 - Reaches the number one spot on the Forbes list of the 400 richest people in America. His net worth is estimated at $8.33 billion.
    2003 - Joins Arnold Schwarzenegger's California gubernatorial campaign as an adviser.
    May 2004 - Buffett announces he has agreed to serve as an economic adviser to John Kerry during the Kerry presidential campaign.
    2006 - Announces plans to gradually donate all his Berkshire Hathaway shares to philanthropic foundations.
    September 2008 - Invests $5 billion in Goldman Sachs and $3 billion in General Electric.
    2010 - Launches The Giving Pledge with Bill Gates. The initiative encourages the world's billionaires to dedicate the majority of their wealth to philanthropic causes.
    February 15, 2011 - Receives the Presidential Medal of Freedom.
    August 2011 - Invests $5 billion in Bank of America.
    August 14, 2011 - The New York Times publishes an op-ed written by Buffett, "Stop Coddling the Super-Rich." He calls on Congress to increase taxes on Americans making more than $1 million. This becomes known as the Buffett Rule.
    April 17, 2012 - Buffett confirms through a press release that he has been diagnosed with prostate cancer.
      May 4, 2018 - Announces that Berkshire Hathaway bought approximately 75 million additional shares of Apple stock during the first quarter of 2018 -- the company now owns more than 230 million shares.
      March 5, 2019 - Buffett ranks No. 3 on Forbes' annual list of billionaires, with a net worth of $82.5 billion.

      Sources: CNN article, Warren Buffett Fast Facts; entrepreneur.com, 25 Surprising Facts About Warren Buffett



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