AMAZING FACTS ABOUT WARREN BUFFET: 3rd RICHEST MAN IN THE WORLD IN 2011

AMAZING FACTS ABOUT WARREN BUFFET: 3rd RICHEST MAN IN THE WORLD IN 2011

Warren Edward Buffett ( born August 30, 1930) is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. He is the primary shareholder, chairman and CEO of Berkshire Hathaway.He is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and is the third wealthiest person in the world as of 2011. In 2012, American magazine Time named Buffett one of the most influential people in the world.

Buffett is called the "Wizard of Omaha", "Oracle of Omaha", or the "Sage of Omaha" and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth. Buffett is also a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation. On April 11, 2012, he was diagnosed with prostate cancer.

1) Warren bought his first share at age 11 and he now regrets that he started too late!


2) He bought a small farm at age 14 with savings from delivering newspapers.


3) He still lives in the same small 3 bedroom house in mid-town Omaha, that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.


4) He drives his own car everywhere and does not have a driver or security people around him.


5) He never travels by private jet, although he owns the world's largest private jet company.


6) His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis.


7) Warren Buffet has given his CEO's only two rules.


Rule number 1: Do not lose any of your share holder's money.


Rule number 2: Do not forget rule number 1.


8) He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch television.


9) Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.


10) Warren Buffet does not carry a cell phone, nor has a computer on his desk.


11) His advice to young people: Stay away from credit cards and invest in yourself.


12) He has donated $31 billion (85% of his fortune) to charity.

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