Tag: berkshire hathaway

Warren Buffett, the worlds richest man, for now!

13 July 2009

How could you possibly amass a $62-billion fortune with a salary of $100,000 per year? It would take you 620,000 years to do that. Well, Warren Buffett isn’t quite that old, but he is the world’s richest man, surpassing the 10+ year title holder Bill Gates. And the most amazing thing about Buffett is that he really does live off of a $100k annual salary.

Instead of buying record-setting yachts and immersing himself in the finest luxuries, Buffett admittedly feels guilty about traveling via a private jet. This humble investor still lives in the same house he purchased in 1958 for $31,000. Buffett has been married twice and has three children.

Warren Edward Buffett was born August 30, 1930 in Omaha, Nebraska. His father was a stockbroker who went on to become an influential member of the United States Congress. Warren is rumored to have shown his affinity for entrepreneurship at a very young age. He was involved with financial dealings as a child, buying bottles of Coke and reselling for a profit.

Read the rest of this entry »