Warren Buffett: Billionaire who built empire on modesty and simple tactics

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New York: The most famous billionaire Warren Buffett is one of the richest people in the world, but he has not chased luxury. Instead, he made his good fortune by sticking to a simple, long -term investment and living a slight life.

Although many billionaires enjoy lifestyle, Buffett prefers a quiet life in the house that bought in 1958 and simple food like McDonald’s.

Underneath this, the Earth’s approach helped a small investment firm to turn into a $ 168 billion kingdom.

Buffett also rejected foreign financial vehicles as well as corporate raids brass brass tactics, and instead adopted a strategy for the purchase and holding of long -term investment.

Its inheritance

Berkeshire Heathwei, a gathering in Nebraska, whose diverse holdings paints from Dorsal batteries to insurance from Jaco to diamonds.

The company also holds a carefully selected equity stacks in American corporate giants such as Coca -Cola and Shivaron.

Now, at the age of 94, he announced on Saturday that he was ready to go away from the company he built that he intends to retire at the end of the year and recommend that his selected successor Greg Habel Burkeshire replace his position as CEO.

According to Forbes Magazine’s real-time list, until Saturday, its total value is $ 168.2 billion-which is the world’s fifth largest fortunate.

Nevertheless, Buffett has avoided collecting large ticket art around the world or “one percent” of “one percent” who eliminates fancy mansion.

He still lives in the same house in a calm neighborhood he bought in 1958 for $ 31,500.

Its gastroenterumic tastes are decisively polite, including McDonald’s Chicken McSigatats at least three times a week, potato crack for breakfast, ice cream for dessert and five cans of daily coca -cola.

Its hobbies include playing bridges and ucols.

Buffett told CBS in 2013, “I don’t need fancy clothes.” I don’t need fancy food. “

Yet in 2006, he acknowledged that he had a private jet, saying that Spalvage had made his life easier.

Humanitarian

That same year, Buffett announced that he would donate 99 % of his fortunes for generous reasons.

Buffett joined the other billionaires to donate at least half of the wealth.

Such campaigns have made Buffett a beloved personality in American society, which helps small investors attract the annual meeting of the Burkeshire in the spring every spring, a gathering that has been described as a “Wood Stock for Capitals”.

The investor has often used his platform to comment on economic policy, or to discuss many topics from BitCoin’s objectionable price to US President Donald Trump’s trade policies.

Buffett has been open about supporting the Democratic Party in the past, while in view of his wealth, his taxes often show that his tax should have been high.

Early Business

Born on August 30, 1930 as the second of three children, Buffett discovered the initial taste of the business after reading a thousand ways to make $ 1,000 as a young boy.

Buffett’s childhood was not easy. He describes being forced to go through a shoplifting phase and revolve around his malicious mother, Leila, who defeated his sister Doris as a “stupid”.

He intended to abandon his education, but the idea was vetoed by his father, a businessman and a politician who served in Congress.

He studied at the University of Pennsylvania as a undergraduate before being transferred to the University of Nebraska, where he graduated with a business degree.

He later received a master’s degree in economics from Columbia University, New York, in 1951.

Buffett worked on Wall Street in the 1950s, which established a Buffett Partnership, which was found in 1965 with a textile firm, Berkeshire Heathwee.

The financial press and beyond, a hobby reader, Buffett, attracted the investment that he believed he was considered less, unless he paid.

It turned Burkeshire into a remote gathering that is known for investing nuts and bolts such as energy, banking, air travel and food. Holdings also include City Group, Krugar, Apple and American Express.

It is active in the 90s

Donation of classic brown suits, glasses and colorful ties, white haired Buffett has been a dynamic player on the American business scene in the 90s.

He has long run Burkeshire with his six -year -old senior with his longtime vice chairman Charlie Mangar.

Then in 2021, as Buffett became 90 years old, Berkeshire formally nominated Abel as his successor – the plan that now appears.

Buffett married his first wife Susan in 1952. They had three children. Although she remained separate for decades, she was married until her death in 2004.

He then married his fellow Easter Manx in 2006 for a long time.