Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Warren Buffett
Investors and Entrepreneurs

Warren Buffett: the success story of the founder of Berkshire Hathaway

09.08.2022
2 min read

Warren Buffett: highlights of the businessman’s biography

Warren Buffett, head of the investment giant Berkshire Hathaway, became a legend in his lifetime in the financial world. His authority in investment circles is unquestionable, and the businessman himself has become an inspiration for many successful market players. However, Buffett is proof of the important statement that there is no age limit for a person to achieve success. The investor earned about 95% of his fortune after the age of 60.
Warren Buffett grew up in a wealthy family, his father was a businessman and politician. However, the boy at the age of 6 got his first earnings, selling chewing gum and other small things. As a teenager, he organized his own business, owning pinball machines, so by the time he was 16, he already had a solid capital of 53 thousand dollars. At the same time from age 11, Buffet was playing on the New York Stock Exchange, where he was brought by his father. Then he got his first experience on the market, having bought some stocks and earned on their sale.
Warren became a millionaire at the age of 32, but his real success was the creation of Berkshire Hathaway. In the 1960s, it was a small textile factory, whose shares the businessman began to gradually buy up. However, just at that time, there was a crisis in the United States, and the manufactory became unprofitable. To get rid of the unprofitable business, the former owner offered Buffett to sell the factory. However, during the deal, he put the price less than what had been agreed in advance. Warren only spitefully bought a controlling stake and displaced the owner.Who Warren Buffett isIt was obvious that there was no point in developing the company as a representative of the light industry, so the businessman reformatted it. Berkshire Hathaway began to provide insurance services, and funds from the proceeds Buffett invested in the purchase of shares rather than bonds, as is customary in the insurance business. This bold move helped to bring the company into the leader in terms of income among financial holdings. In addition, Berkshire Hathaway ranks eighth in the world among the companies with the largest capitalization. The company owns large stakes in well-known corporations from various market sectors, such as Apple, Coca-Cola, Bank of America, and others.
Berkshire Hathaway owes such a success to Buffett’s unique business acumen and analytical skills. He is extremely rarely wrong in his investment projects and forecasts, and he invests extremely carefully. Surprisingly, however, Warren does not use a computer, and he got his first smartphone in 2020. It’s all about the fact that the businessman prefers to invest in high technology rather than apply it. Buffett’s fortune is estimated at more than $111 billion, but he generously shares it, and actively engaged in charity.

Tags: Investors and Entrepreneurs
0
Previous Post Significant devices given to the world by Hewlett-Packard Corporation Next Post How the Indian economy is developing: an overview of the current situation and prospects

You Might Also Like

Pavel Durov
Investors and Entrepreneurs
Programmer and businessman Pavel Durov: the story of the founding of VKontakte
24.07.2022
Chuck Feeney-2
Investors and Entrepreneurs
Businessman Chuck Feeney: the man who gave the world Duty Free
21.01.2022
Anthony Pratt
Investors and Entrepreneurs
Anthony Pratt: professional path and achievements of the Australian businessman
14.03.2023
Rennert
Investors and Entrepreneurs
Who’s Ira Rennert: a billionaire’s business area
16.05.2021
Donald Trump
Investors and Entrepreneurs
Donald Trump: the most scandalous American president
28.10.2022
Ross Perot
Investors and Entrepreneurs
As a legendary trader, Ross Perot came to success
27.12.2020

Recent Posts

  • 1Forex drawdown
    Forex drawdown and why you shouldn’t be afraid of it
    22.09.2023
  • 2investment in Turkey's steel industry
    Yıldız increases investment in the Turkish steel industry
    20.09.2023
  • 3Abu Dhabi Exchange
    The Abu Dhabi Exchange has created ideal conditions for the IPO of an Adnoc unit
    18.09.2023
  • 4mobile marketing
    How mobile marketing helps to retain existing customers and attract new ones
    16.09.2023
  • 5E-commerce company Rakuten
    Japan’s Rakuten intends to raise funds by issuing shares
    14.09.2023

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

Forex drawdown
Forex drawdown and why you shouldn’t be afraid of it
22.09.2023
investment in Turkey's steel industry
Yıldız increases investment in the Turkish steel industry
20.09.2023
Abu Dhabi Exchange
The Abu Dhabi Exchange has created ideal conditions for the IPO of an Adnoc unit
18.09.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Storage of oil in the world will soon be overflowing: excess of raw materials on the market
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics