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He bought three shares of cities service preferred at $38 per share.
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He started his own company as a paperboy and started selling his own horse racing tip sheet.
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Warren Buffett enrolled at the university of pennsylvania at the age of 16 to study business.
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In 1956 he formed the firm Buffett Partnership Ltd in his hometown of Omaha.
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In the early 1960s and by 1965 he began accumulating stock and assumed control of his company.
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He was able to turn bad investments into good ones and his most notable one was the purchase of scandal-plagued Salomon Brothers in 1987.
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In June 2006 he made and announcement that he would be giving away all of his fortune to charity. He gave 85 percent of it to the Bill and Melinda Gates Foundation.
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In 2012 he disclosed that he had been diagnosed with prostate cancer and began radiation treatment in July and successfully completed his treatment in November.
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In 2013 he purchased H.J Heinz with private equity group 3G capital for $28 Billion.
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He launched drive2vote which was a website directed at encouraging people in his Nebraska community to exercise their right to vote, this would also assist people in registering and driving voters to a polling location if they needed a ride.
