by Hodler Ash 
Warren Buffett – The Third Richest Man In The World
Warren Buffett – An American business magnate, investor and philanthropist who serves as the chairman and CEO of Berkshire Hathaway. One of the world’s most successful investors, The 3rd richest man in the world.
Warren Buffett was born in 1930 in Omaha, Nebraska as the second of three children of Congressman Howard Buffett and Leila (née Stahl). He had his primary education at Rose Hill Elementary School.
In 1942, his father Howard Buffett was elected to the first of four terms in the United States Congress, so they moved to Washington, D.C. So, Warren Buffet finished elementary school in Alice Deal Junior High School and later he graduated from Woodrow Wilson High School in 1947.
At a very young age, Buffett displayed great interest in business and investing. He was inspired by a book One Thousand Ways to Make $1000 which he read from the Omaha public library at the age of seven . Buffett’s early childhood years were filled with entrepreneurial ventures. Warren Buffett sold chewing gum, Coca-Cola bottles, and weekly magazines door to door as his first business ventures. In 1945, while he was in high school, Buffett and a friend spent $25 and buy a used pinball machine, which they placed in the local barbershop. With months, they buy several machines in three different barbershops across Omaha. Later on the year, he sold that business to a war veteran for 1,200 dollars.
Warren Buffett shows interest in the stock market and investing in his school days. At the age of 11, he bought three shares of Cities Service Preferred for himself and three for his sister. when he was 15 years old Warren Buffet made more than $175 monthly by delivering Washington Post newspapers. when he finished college, he had $9,800 in savings.
Early business career
from 1951 to 1954 Warren Buffett worked at Buffett-Falk & Co as an investment salesman, later from 1954 – 1956 he was at Graham-Newman Corp as a securities analyst, from 1956 – 1969 at Buffett Partnership as a general partner and from 1970 as CEO and Chairman of Berkshire Hathaway Inc.
Warren Buffett married Susan Thompson at Dundee Presbyterian Church In 1952 and the very next year their first child, Susan Alice was born.
In 1954, Buffett accepted a job at Benjamin Graham’s partnership with a starting salary of $12,000 a year. Where he worked closely with Walter Schloss. In the same year, Buffett had his second child, Howard Graham. In 1956 Benjamin Graham closed his partnership and retired. At this time Buffett’s earned over $174,000 and started his own Buffett Partnership Ltd.
In Berkshire
Because of his partnerships in 1962, Warren Buffett became a millionaire. He merged these partnerships into one. Later he invested in and slowly took control of Berkshire Hathaway, a textile manufacturing firm. In 1966, Warren Buffett ends the partnership with new money. He later claimed that the textile business is his worst trade. He moved into business in the insurance sector.
In 1973 Berkshire began to buy stocks in the Washington Post Company and in 1979 began to purchase stock in ABC. In 1987, Berkshire Hathaway acquired a 12% stake in Salomon Inc. Later Warren Buffett became the chairman of it.
Becoming a billionaire
Buffett became a billionaire when Berkshire Hathaway began selling class shares on 29 May 1990 at a rate of $7,175 a share. Later he continues the success and in 2006 he became the wealthiest man in the world. In 2006, Warren Buffett announced that he gradually would give away 85% of his Berkshire holdings to five foundations and the largest contribution would go to the Bill and Melinda Gates Foundation.
Personal life
Warren Buffett married Susan Buffett (née Thompson) in 1952. They had three children, Susie, Howard, and Peter. But till 1977 this couple is living separately, even though they remained legally married until Susan Buffett’s death in July 2004. In 2006, on his 76th birthday, Buffett married his longtime companion, Astrid Menks, who was then 60 years old—she had lived with him since his wife’s departure in 1977.
Philosophy and politics
Warren Buffett was a supporter of index funds for people who are either not interested in managing their own money or don’t have time for it. Buffett argues that active management can outperform the market in the long run, and has advised both individual and institutional investors to move their money to low-cost index funds that track broad, diversified stock market indices.
Buffett support and made contributions to Barack Obama’s presidential campaign. He was also the financial advisor to California Republican Governor Arnold Schwarzenegger during his 2003 election campaign.In 2016 Buffett challenge Ronald Trump to show his income tax returns.
Wealth and philanthropy
In 2008 Forbes ranked Warren Buffet as the richest person in the world with an estimated net worth of approximately $62 billion. In 2009, after he donating billions of dollars to charity, he was ranked as the United States’ second-richest man with a net worth of $37 billion. In September 2013 his net worth had risen to $58.5 billion. A survey in 1999, by the Carson Group, ahead of Peter Lynch and John Templeton Buffett was named the top money manager of the Twentieth Century. In 2007, Time’s listed him as the 100 Most Influential People in the world. He was awarded the Presidential Medal of Freedom In 2011, from Barack Obama. Along with Bill Gates, Buffett was named the most influential global thinker in Foreign Policy’s 2010 report.
Buffett had long declared his intention to provide away his fortune to charity. Warren Buffett continues to assist fund and support his family’s individual foundations that include Susan Buffett’s Susan Thompson Buffett Foundation, Susan Alice Buffett’s Sherwood Foundation, Howard Graham Buffett’s Howard G. Buffett Foundation, and Peter Buffett’s NoVo Foundation. Warren Buffett is also supportive of his sister Doris Buffett’s Learning By Giving Foundation and Letters Foundation.
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