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worlds second billionare
Posted Date: 15 Feb 2008 Resource Type: Articles/Knowledge Sharing Category: General
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Posted By: Deepu Member Level: Diamond
Rating:  Points: 3
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Warren Buffet:
Age: 76
Fortune: self made
Source: Berkshire Hathaway
Net Worth: $52.0 bil
Country Of Citizenship: United States
Residence: Omaha, Nebraska , United States, North America
Industry: Investments
Marital Status: married, 3 children
Education: University of Nebraska Lincoln, Bachelor of Arts / Science
Columbia University, Master of Science
Nation's most beloved investor married longtime girlfriend Astrid Menks on his 76th birthday last August. Had long promised to give away his fortune posthumously. Then last June announced he had irrevocably earmarked the majority of his Berkshire Hathaway shares to charity. At the time the gift was worth $31 billion; believed to be the largest gift in history, it will go mostly to the Gates Foundation. Son of Nebraska politician delivered newspapers as a boy. Filed first tax return at age 13; claimed $35 deduction for bicycle. Studied under value-investing guru Benjamin Graham at Columbia, learned to hunt for undervalued stocks. Bought control of textile firm Berkshire Hathaway 1965; added insurance underwriting for the investable float. Today holding company has insurance (Geico, General Re), apparel (Fruit of the Loom), utilities (MidAmerican Energy), home furnishings (R.C. Willey). Also has noncontrolling stakes in Anheuser-Busch, Coca-Cola, Wells Fargo. Despite gifts, the Oracle of Omaha is $10 billion richer than last year: Berkshire stock up 22% in past 12 months.
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