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Warren Buffett was born on August 30, 1930. He was born in Omaha, Nebraska, and also has two other siblings. His parents are Howard and Leila Buffett.
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At the age of 6, Buffett started selling Juicy Fruit gum packs, making a 2 cent profit per pack. And, bought the Coca-Cola six packs and sell each coke for 5 cents.
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In 1941, Buffett bought six shares of Cities Service for 27 dollars per stock. He later sold the stock when it reached 40 dollars.
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When Buffett was 15 he made 175 dollars a month selling Washington Post Newspapers and save 1200 dollars to buy forty acres of farmland.
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In 1947, Buffet and his friend Donald Danly started a company called Wilson Coin Operated Machines where they would buy pinball machines and put them into barbershops for a 25 dollar fee. In return, they would make a 50 dollar profit per week.
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At the age of 27, Buffett made more partnerships, managing a total of 5 from his own home.
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In 1961, Buffett has seven partnerships; Buffett Associates, Buffett Fund, Dacee, Emdee, Glenoff, Mo-Buff, and Underwood. He also earned a spot on the board of the company Sanborn.
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Buffett sells Dempster for 2.3 million dollars, making more than triple his invested amount. He then buys Berkshire shares for $14.86 per share. Buffett was then the largest shareholder of Berkshire Hathaway.
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At the age of 38, Buffett's partnerships are now worth 108 million dollars
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By 2000, Buffett has acquired a handful of companies such as; Ben Bridge, CORT, Justin Industries, Shaw Industries, Benjamin Moore, and many other companies throughout the years.
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Buffett announces that he will give away about 80% (about 37 billion), of his 44 billion fortune in annual gifts of stock.
