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Warren Buffett was born in Nebraska to Howard and Leila Buffett
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At age 11, Buffett purchased three shares of Cities Service Preferred at $38 per share. He sold the stock at $40 per share, and then it quickly increased to $200 a share. This taught him a valuable lesson of patience in investing.
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Buffett's family moved to Fredricksburg, Virginia, to be closer to his father's new post. He attended high school at Woodrow Wilson in Washington DC.
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At age 13, Buffett was running his own companny—a paperboy selling his own horseracing tip sheets. This was the year he also filed his first tax return (claiming his bike as a $35 tax deduction).
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Buffett attended the University of Pennsylvania at age 16 to study business—stayed two years—then transferred to University of Nebraska to finish up his degree.
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Buffett received his master's degree in economics at Columbia University, where he studied under economist Benjamin Graham.
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Warren Buffett married Susan, and later went on to have three children. They were married until she died in 2004.
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Buffett started the firm—Buffett Partnership Lt—in Nebraska. It later became very successful, and Buffett became a millionaire.
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Buffett would buy failing businesses and turn them around. His most famous, the Salomon Brothers purchase, made him millions.
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Warren Buffett owns 82.9 Billion dollars. He is planning to donate all most all of his money to charity when he dies.
