Imgres

Warren Buffett

By lizbethpq

  • Born

    Born
    Warren born August 30,1930 he is 86 and has a net worth 76.1 billion.

  • Age 6

    Age 6
    Buffett would also purchase Coca-Cola six packs for 25 cents from his grandfather’s grocery store – Buffett and Son. He would sell each Coke for 5 cents. Profit of 5 cents per pack.

  • Age 15

    Age 15
    Buffett makes $175 a month selling Washington Post newspapers and saves $1200 to buy a 40 acres farmland in Omaha, Nebraska.
    -date unkown

  • Age 19-24

    Age 19-24
    Buffett’s savings reaches $9800.
    He joins Columbia University and learns from Benjamin Graham. He was willing to work for Benjamin Graham, even for free, but was not offered a job.
    Buffett returned to Omaha, purchased a Texaco station, but did not go well. He was also working as an investment salesman for Buffett-Falk & Company, at his father’s brokerage firm.
    In 1954, Benjamin Graham called him again and offered him a job for $12,000 a year.

  • Age 26

    Age 26
    Graham decides to retire and fold his business. Buffett’s savings have grown from $9,800 to $140,000.
    Buffett returned to Omaha and on May 1, created Buffett Associates Ltd. Seven family members and friends invest a total of $105k. Buffett invested only $10

  • Age 28

    Age 28
    After 3 years, Buffett doubled the partner’s money.

  • Age 33

    Age 33
    Buffett sells Dempster for a $2.3 million gain, 3x times the invested amount.
    Buffett aggressively purchases Berkshire paying $14.86 per share while the company had working capital of $19 per share. This did not include the value of fixed assets. Buffett partnership becomes a single largest shareholder of Berkshire Hathaway.

  • Age 35

    Age 35
    Buffett invests $4 million in Walt Disney after a meeting with Walt Disney himself which is almost 5% of the company. Buffett takes full control of Berkshire Hathaway and names Ken Chase to be the CEO.

  • Age 42

    Age 42
    Through Blue Chips Stamp Company, Berkshire buys See’s Candies (Chocolates) and Wesco Financial Corp (Financial Services).

  • Beyond

    Beyond
    2012 – Age 82 Berkshire acquires Omaha World-Herald (Publishing) and invests in IBM (Technology). 2013 – Age 83 Berkshire acquires a 50% stake in H. J. Heinz Company (Food and Beverage).