Warren Buffett is a fascinating man, from his professional career in investing and evaluating business to his personal life. It’s easy to find quotes about investing and business from the great Warren Buffett online, but here are some little-known facts that you may or may not have known.
1. Buffett’s favorite meal is a cheeseburger with a Cherry Coke.
Buffett has said multiple times that he prefers to eat like a child—Coca-cola and cheetos whenever he wants.
2. Buffett bought Berkshire Hathaway because he felt slighted
Buffett first bought some shares of Berkshire with the intention to sell them back to the CEO. When the time came, Buffett was offered 12.5 cents per share less than they had agreed. So, feeling slighted, Buffett took control of the company and fired the CEO.
3. He has donated a total $25 billion to charities.
He donates a majority of his money to the Bill and Melinda Gates Foundation, and to charities run by his children. He has also committed to giving away a majority of his fortune upon death instead of leaving it as inheritance.
4. Buffett carries a Nokia flip phone
A fan of simplicity and frugality, Buffett is still rocking a flip phone, which he displayed to Piers Morgan, joking, “this is the one Alexander Graham Bell gave me.”
5. Buffett has only sent one email in his life
Buffett’s first and only email was to Jeff Raikes at Microsoft. “…It ended up in court in Minneapolis, so I am one for one,” Buffett joked.
6. Buffett spends 80 percent of his days reading
He reads an average of 500 pages per day, and frequently recommends books.
7. Buffett made his first stock purchase in 1941, when he was just 11 years old
He bought six shares of Cities Service, an oil service company, at $38 per share. He purchased three for himself, and three for his sister, Doris.
8. 99 percent of Warren Buffett’s wealth was earned after his 50th birthday
By his 50th birthday, Warren Buffett was worth around $300 million, according to the Motley Fool. Now, his estimated wealth is around $70 billion.
9. For his first job, Buffett delivered newspapers for The Washington Post
At 14, Buffett delivered newspapers in Omaha to his neighbors. He ran several different routes and earned around $175 per month.
10. His first business was in pinball machines
At the age of 17, Buffett and a friend purchased a pinball machine and placed it in a barber shop. They purchase additional machines with the proceeds and begin to make money, selling the business for $1200 a year later.
11. Playing bridge online is his favorite way to unwind
He plays frequently with Bill Gates both online and in person. Reportedly, his username online is “T-Bone.”
12. Buffett has the longest track record for beating the market
He’s not called the “Oracle of Omaha” for nothing!