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Warren Buffett Biography: Success Story Of Berkshire Hathaway Founder


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Warren Buffett, often referred to as the Oracle of Omaha, is not just a legendary American businessman but also the fourth richest person in the world. He is renowned as the CEO and dominant shareholder of Berkshire Hathaway, a multinational conglomerate with diverse interests spanning coal mines, renewable energy firms, merchandise, and consumer goods. However, Buffett’s journey to success is a remarkable tale of determination, astute investing, and unwavering commitment to philanthropy.

Warren Buffett’s Early Life 

Warren Buffett was born on August 30, 1930, in Omaha, Nebraska. Even in his early years, he displayed a profound interest in business and investing. This innate entrepreneurial spirit led him to start various ventures during his childhood, including selling chewing gum, weekly magazines door-to-door, and even Coca-Cola bottles. In high school, he continued to display his money-making acumen by selling golf balls, stocks, newspapers, and other items.

The Pinball Machine Venture

In 1945, at just 15 years old, Buffett and a friend invested $25 to purchase a used pinball machine, which they placed in a local barbershop. Their venture expanded quickly, as they acquired several more machines, operating in three different barbershops across Omaha. A mere investment of $25 eventually turned into a $1,200 sale to a war veteran.

Early Investments and Financial Savvy

Warren Buffett’s fascination with stocks began at a young age, largely influenced by his father, Mr. Howard Buffett, who ran a brokerage firm. At the astonishing age of 11, he invested in three shares of Cities Services. During his teenage years, he avidly read “The Intelligent Investor” by Benjamin Graham, which would later shape his investment philosophy. At 14, he made a substantial land purchase using his $1,200 in savings. By the time he completed his college education, Buffett had amassed $9,800 in savings.

Warren Buffett’s Investing Career

Buffett’s journey into the world of investment truly began when he worked as an investment salesman at Buffett Falk & Co from 1951 to 1954. Throughout this period, he harbored a deep desire to learn from his idol, Benjamin Graham. In 1952, he discovered that Graham was on the board of GEICO Insurance and even offered to work for Graham for free. Although Graham initially declined the offer, in 1954, he extended an invitation to Buffett himself.

Building Expertise at Graham-Newman Corp

From 1954 to 1956, Warren Buffett worked as a securities analyst at Graham-Newman Corp under Benjamin Graham’s tutelage. During this time, he honed his investment skills and developed a keen eye for identifying undervalued companies, eventually amassing a fortune.

The Birth of the Buffett Partnership

In 1956, Benjamin Graham retired and closed his partnership. Seizing the opportunity, Buffett founded his own investment firm, Buffett Partnership Limited, in the same year. By 1957, he managed three partnerships and purchased a five-bedroom house in Omaha for $31,500—a place he continues to reside in today.

The Berkshire Hathaway Acquisition

Buffett’s investment acumen was demonstrated in the early 1960s when he began accumulating stock in a struggling textile company named Berkshire Hathaway. His astute judgment and financial savvy led him to assume complete control of the company by 1965. Despite the success of the Buffett Partnership, he decided to dissolve the firm in 1969 to concentrate fully on the growth of Berkshire Hathaway.

Becoming a Corporate Director

Warren Buffett’s influence extended beyond his investments. Following Berkshire Hathaway’s significant investment in Coca-Cola, he became a director of the company from 1989 until 2006. He also held director positions in Citigroup Global Markets Holdings, The Gillette Company, and Graham Holdings Company.

Warren Buffett’s Philanthropic Success

Warren Buffett’s success is not confined to wealth accumulation alone. He is a long-term philanthropist who has pledged to donate the majority of his fortune. Since 2006, he has donated approximately $34 billion. In 2006, Buffett made a historic pledge, promising to give $37 billion worth of Berkshire Hathaway stock to the Bill and Melinda Gates Foundation, dedicated to health and education initiatives.

Presidential Recognition and Continuing Legacy

In 2011, former President Barack Obama awarded Warren Buffett the Presidential Medal of Freedom for his extraordinary contributions to society through philanthropy and business acumen. Buffett’s philanthropic efforts continue to flourish, and he remains deeply committed to supporting his family’s charitable foundations.


Warren Buffett’s life story is a testament to the power of dedication, perseverance, and a relentless pursuit of knowledge. From humble beginnings to becoming one of the world’s wealthiest individuals, Buffett’s journey inspires generations of entrepreneurs, investors, and philanthropists. His legacy, both as a shrewd investor and a compassionate philanthropist, will undoubtedly leave an indelible mark on the world for generations to come.

Alejandro Garcia
Alejandro Garciahttps://twitter.com/Gracia_A141997
Alejandro Garcia, Entrepreneurship Writer at CEO Scoop Magazine. Sharing stories and strategies of innovative business leaders. Inspiring aspiring entrepreneurs with insights into building successful ventures.


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