A successful businessman, a philanthropist and one of the wealthiest men in the United States is Warren Buffet, he is the Chairman and CEO and also the largest shareholder of the company Berkshire Hathaway. Also, Warren Buffett is an investor and an expert in making deals for profits since he was very young, he has the ability to buy, sell and make money.
He began his business career selling different products. In fact, he is in the business of planes, trains and now cars. For that reason, he announced that Berkshire Hathaway is buying the largest auto dealership company, the Van Tuyl Group, he told the press that it is a great acquisition that will make him huge profits. The CEO Larry Van Tuyl will become the Chairman, this dealership group has been privately owned. Warren Buffett said that the company is and has been well-run and he assures that he knows about economics.
The Van Tuyl Group has eight billion in revenue and has operations in several states in the United States. Therefore, they have dealerships in Arizona, California, Florida, Georgia, Indiana, Missouri, Nebraska, New Mexico and Texas. Warren Buffet Car Company will serve the needs of many Americans and around the world. The dealership profits come from selling used cars, new cars, leasing, services and spare parts. Warren Buffet already owns 33 million shares of General Motors, worth one billion.
The business magnate is a philanthropist and he likes to share his fortune with the ones that are not that fortunate. He is the founder of the Buffett Foundation.