The exception is a world figure, Warren Buffett. He worked at a grocery store. Hawker was. He sold the newspaper. Now the second richest man in the world. Currently owns 63 companies. So far, $3,100 crore has been donated to various charities. Still, he owns $4,000 million. Now his name has been added to many adjectives. Us investors, businessmen, and people are known to be the most popular. Many call him "Miracle of Omaha". Even if you own such wealth, there is no luxury in it.
He lives in a very ordinary quality. He still lives in the 3 bedroom house he bought after getting married 50 years ago. There is no separate wall around the house. He says, "There's everything I need here. The world's richest man, he has no fences or border walls around his house. His advice is that you don't buy anything you need. Teach your children to think and do the same. He drives his own car. He has the largest jet company in the world. But he travels with the general public in economic classes. Many people think it's impossible. But he has proved it. He recently gave an hour's interview to CNBC. There, he tells the story of the rise of life. According to him, his goal is to set himself up first to establish life. He bought the first share at the age of 11 with such a goal. Yet he thinks it's too late for him to come into the business. We should have started a business earlier. So his advice is to encourage your child to invest. With the money he sold, he bought a small farm at the age of 14. According to him, there is a lot that anyone can buy with a small amount of money. So he suggested that the children be employed in some business.
This blessed man was born on August 30, 1930, in Omaha, Nebraska. His father's name is Howard Buffett. Warren is the second of three brothers. He worked in a grocery store as a child. At the age of 13, he submitted his income tax return in 1943. There he identified himself as a newspaper reporter. His father Howard was elected to the United States Congress. He then studied at Woodrow Wilson High School in Washington. In 1945, while he was in high school, he bought a pinball machine used with a friend for just $25. They didn't have room to put the machine. They put it in a shop. In just a few months, they put three similar machines in different places. That's how he started his business. He earned a BS degree in Economics from the University of Nebraska in 1950. In 1951 he became an MS in economics from Columbia University. From 1951 to '54, he served as an investment salesman.
In New York, Graham-Newman served as a security analyst at the Corporation from 1954 to '56. He also has a job at Buffett partnership Ltd., Berkshire Hathaway Insurance. Most of it is his own. In 1962 he became a millionaire. Berkshire Hathaway is a textile factory. He left every share here to the public for $7.60. At one point, in 1965, the company paid $14.86 per share. The factory and equipment were not shown. He then announced Ken Chase as the new president of Berkshire Hathaway. In 1970 he started writing letters to shareholders, especially familiar. The letter was very popular with shareholders. During this period, he received $50,000 a year as a salary. In 1979, his Berkshire Hathaway traded for $775 per share. The share price rose to $1310. During this period, his net wealth stood at $62 million. As a result, he was ranked in the Forbes 400 for the first time in Forbes magazine. In June 2006, he announced that he would give 85% of Berkshire holdings to five foundations as annual gifts and will start in July. The most money is given to the Bill and Melinda Gates Foundation. In 2007, he wrote to shareholders, saying he was looking for a new successor. In 2008, he turned himself into Bill Gates, the richest man in the world. According to Forbes, his assets are estimated at $6,200 billion. However, Yahoo said its assets were worth $5,800 billion. Bill Gates was the world's number one richest man in Forbes magazine for 13 years. Then, in 2009, Gates re-established his position. Warren Buffett came in second place. Warren Buffett lost $1200 crore in 2008 to 2009.
Personal life Warren Buffett married Susan Thompson in 1952. They have three children - Susan Buffett, Howard Graham Buffett, and Peter Buffett. Wife Susan died in July 2004. Before that, they lived separately even if they had not been separated since 1977. Their daughter Susan lives in Omaha. He works in the service through the Susan A. Buffett Foundation. Warren Buffett married his long-time partner Astrid Mining on his 76th birthday in 2006. In 2006, Warren Buffett's annual salary was $100,000. His salary increased to $175,000 in 2007 and 2008. He bought the current house in Dundy, Omaha, for $31,500. Its current price is $700,000. Besides, he has a house in Laguna Beach, California, worth $4 million.
He knows how to play cards very well. Played with Sharon Osberg and Bill Gates. He spends 12 hours a week playing his cards. In December 2006, the news was published that Warren does not use any mobile phones. And he doesn't have a computer on his desk. His company Berkshire Hathaway now owns 63 companies. He wrote only one letter a year to the CEO of these companies. It tells us the whole year's strategy. He doesn't regularly meet them. So his suggestion is to select the right person in the right place. That is, when you appoint the right person in the right place, you don't have to tell him about the work. Warren Buffett has given his executives two rules. His first is, don't waste shareholders' money. The second rule is, don't forget the first rule. Set goals and try to get people's eyes on them.
The society's high class of socialism did not touch his lifestyle. He makes his own food. Some popcorn is prepared and eaten and watched television at home. He has introduced to the world's richest Bill Gates just five years ago. Bill Gates didn't know he had much in common with Warren. So he met Warren only half an hour later. When he met Warren, it lasted for ten hours. Bill Gates has since become a fan of his.
Warren Buffett's advice for the youth community is to stay away from credit cards and bank loans. Invest in what you have. Remember that money does not create people. But people make money. Try to simplify your lifestyle as much as possible. Don't do what others say. Listen to them. Then do what you think is good. Don't spend money on unnecessary things. Life is yours. So why should you give others a chance to run your life?