Known as the “Oracle of Omaha,” Warren Buffett is among the richest people in the world. With a net worth value of $87 billion, Warren Buffett ranks number three after Jeff Bezos and Bill Gates.
Buffett is the CEO of Berkshire Hathaway Inc., a company he joined in the 1960s and has influenced its development. Berkshire alone owns more than 60 companies. Some of the companies he owns include Geico, Duracell and the Dairy Queen chain of restaurants.
Warren Buffett started to make a significant impact in business at the age of 13. At this age, he was trading stocks and was even filling taxes. Despite making such a huge wealth, Buffett who is 86 years old has decided to give all his wealth to the needy in the society. So far he has given over $30 billion. Bill Gates and Warren Buffett have been asking billionaires in the world to give half of their wealth to charity through a foundation they call “The Giving Pledge.”
Warren Buffett wealth has come through Berkshire Hathaway. Over the last 55 years, the company has developed into a multinational that now owns a huge stake in numerous industries. There are investments in the insurance, banking, food, and beverage among many others. Warren Buffett was influenced to engage in investment businesses by Benjamin Graham.
While he was growing up, he had an opportunity to work at Graham-Newman, where he learned about investing and making right business decisions. Warren later left and started his own company in Omaha. The two would later meet at Berkshire Hathaway where they were both investors. Warren Buffett health in the banking sector is humongous. He is the biggest shareholder in the biggest bank in the United States, Wells Fargo. Berkshire Hathaway has 9.94% shareholding in the company. Warren Buffett is now 87 years old.