New York: The influential billionaire Warren Buffett is one of the richest people in the world. But unlike many billionaires, he has never been attracted to luxury.
He prefers fast food on good food, lives in the same house he bought in 1958 and still drinks several cans of Coca-Cola every day.
Known as the “Olaha Oracle”, Buffett built his fortune through long -term intelligent investments, and has promised to give him almost everything.
Buffett studies suddenly rejected exotic financial vehicles, as well as the brass knuckle tactics of corporate assailants, instead adopting a long -term investment purchase and retention strategy.
Your legacy
Berkshire Hathaway, the Nebraska headquarters conglomerate whose various properties range from Duracell batteries to the Geical Insurer to paint marks and diamonds.
The company also has carefully selected capital bets in US corporate giants such as Coca-Cola and Chevron.
Now, at 94, he is ready to get away from the company he built, announcing on Saturday that he plans to resign at the end of the year and will recommend that his chosen successor Greg Abel take his place as CEO of Berkshire.
According to the rich real -time list of Forbes magazine, until Saturday, its net assets is $ 168.2 billion, the fifth largest fortune in the world.
However, Buffett has avoided the traps of the often malignant “one percent”, avoiding the art collection of the great elegant tickets or mansions worldwide.
He still lives in the same house in a quiet neighborhood of Omaha that he bought in 1958 for $ 31,500.
Their gastronomic tastes are decidedly humble, including McDonald’s Chickn Mcnuggets at least three times a week, fried potatoes for snacks, dessert ice cream and an average of five cans of Coca-Cola per day.
His hobbies include Bridge and Playing The Ukelele.
“I don’t need elegant clothes,” Buffett said CBS In 2013. “I don’t need elegant food.”
However, he acknowledged in 2006 that he owned a private jet, saying that the waste facilitated his life.
Philanthropy
That same year, Buffett announced that he would donate 99 percent of his fortune to philanthropic causes.
Together with his friend and partner of Puente Bill Gates, Buffett subsequently persuaded other billionaires to promote at least half of his wealth.
These campaigns have turned Buffett into a loved figure within American society, helping to attract small investors to the annual Berkshire meeting every spring in Omaha, a meeting that has been called a kind of “Woodstock for the capitalists.”
The investor has often used its platform to comment on economic policy, or to express pique on a large number of issues, from the questionable value of Bitcoin to the commercial policies of the president of the United States, Donald Trump.
Buffett has been opened in the past on the support of the Democratic Party, while expressly expressing the opinion that their taxes should have been higher, given its wealth.
Early commercial instincts
Born on August 30, 1930 in OMAHA as the second of three children, Buffett discovered an early taste for business after reading the book a thousand ways to win $ 1,000 when he was a child.
Buffett’s childhood was not easy. He described to go through a phase of theft and be forced to navigate around his abusive mother Leila, who used to rebuke his sister Doris as “stupid.”
He had planned to abandon his studies, but that idea was vetoed by his father, a businessman and politician who served in Congress.
He attended the University of Pennsylvania as a student before transferring to the University of Nebraska, where he graduated with a business degree.
He later received a master’s degree in Economics from Columbia University in New York in 1951.
Buffett worked on Wall Street in the 1950s, establishing the Buffett association, which merged in 1965 with Berkshire Hathaway, then a textile firm.
An avid reader of the financial press and beyond, Buffett gravitated towards the investments he believed they were undervalued, keeping them until they paid.
He transformed Berkshire into a remote conglomerate known for investments in nut sectors and bolts such as energy, banking, air trips and food. Holders also include Citigroup, Kroger, Apple and American Express.
Active in its 90s
Classic gray, glasses and color ties, the White Hair Buffett has continued to be a vibrant player in the United States commercial scene in their 90 years.
For a long time Berkshire directed with his vice president of long data Charlie Muger, six years older.
Then, in 2021, when Buffett turned 90, Berkshire officially designated Abel as his successor, a plan that now seems to be moving.
Buffett married his first wife Susan in 1952. They had three children. Although they lived separate for decades, they remained married until their death in 2004.
He later married his former partner Astrid Menks in 2006.
