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Warren Buffett is born on August 30, 1930 in Omaha Nebraska as the son of Howard and Leila Buffett.
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Warren Buffett buys his first stock at the age of 11 after claiming that he will become a millionaire by the age of 35. He pays $38.25 for three shares of Cities Services preferred.
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Buffett enrolled in the Wharton School of Business at the University of Pennsylvania but transferred to the University of Nebraska in Lincoln to finish his degree. He graduated at the age of 19 with a Bachelor of Science degree in Business Administration.
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Warren Buffett and Susan Thompson are married in Omaha and remain married until her death in 2004.
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At the age of 25, Warren Buffett starts partnerships with seven investors, including his father-in-law, his sister Doris, his aunt Alice, and a college roommate. The initial investments totalled to over $105,000 and Buffett put about $100 of his own money into the partnerships.
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Warren Buffett and Charlie Munger meet through mutual friends and work together informally until 1978 when Munger joins Berkshire as vice chairman.
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After years of purchasing what he saw as undervalued shares of Berkshire Hathaway, Buffett takes control of the company in 1965. He later calls the purchase one of his biggest mistakes despite its current value of more than $500 billion.
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Berkshire buys the small California-based candy company for $25 million. It becomes one of Warren Buffett's favorite investments because it has strong brand loyalty and generates revenue without requiring any new capital.
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Gates and Buffett meet when Buffett is invited to dinner with the Gates' parents at their Washington State vacation home.
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At a White House ceremony, President Obama calls Buffett "not only one of the world's richest men, but also one of the most admired and respected."
