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Warren Buffett was born on August 30, 1930 in Omaha, Nebraska. His father was a stock broker, his mother was a homemaker, and he had one older sister (later also a little sister).
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At age 11, Buffett made his first investment in Cities Service stock. The stock dropped from $38 to $27, but he waited until it was back up to $40 to sell it. The stock later jumped to $200 per share, and he noted this as a valuable lesson that investing requires patience.
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At age 13, he started his own business as a paperboy and did his own taxes, continuing to find ways to earn money.
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Susan was his younger sister's roommate, and when they got married she influenced him with her personality and opinions, causing him to switch from a republican to a democrat.
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He formed the partnership with a few of his family members and friends at the age of 25. It performed better than the DOW consistently.
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Buffett had enough shares of the company that he assumed control and later also became the CEO.
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At age 36, Buffett closed down the partnership, admitting no additional partners. The partnership had made him a millionare.
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By age 56, he hit the billion dollar mark and by then end of the year had a net worth of $1.4 billion.
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Warren Buffett donated about $2.86 billion to the Bill and Melinda Gates Foundation, which was 85% of his fortune. This became the biggest charitable amount in history.
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After being diagnosed with the beginning stages of prostate cancer, Warren Buffett underwent radiation treatment and successfully finished in November of the same year.
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