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Warren Buffett

By: Kan Lalli

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Warren Buffet is an important member of

society because:• He realized his dream as a child, and took steps

to reach it.• He created one of the biggest empires in the

world all by himself.

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Background• Born on August 30, 1930 in Omaha, Nebraska. • The only boy in the second of three children.• Son of a Congressman and stockbroker.• He delivered newspapers as a child to earn

money.

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Berkshire Hathaway• GEICO-January 1996• General Re-December 1998• MidAmerican Energy Holdings Company• Fruit of the Loom-April 29, 2002• Acme Building Brands-2000• FlightSafety International-LaGuardia Airport,NY-1996• His company holds:• 12.6% of American Express co.• 8.6% of The Coca-Cola Company• 5.6 % of Kraft Foods• 19 % of Wells Fargo• As of 2008, Berkshire owns $27 billion in fixed income securities,

mainly foreign government bonds and corporate bonds.

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A few facts• "Money will always flow toward opportunity, and

there is an abundance of that in America.“• When he was six years old, Buffett purchased 6-

packs of Coca-Cola from his grandfather's grocery store for twenty five cents, and resold each of the bottles for a nickel, pocketing a five cent profit.

• (Each cost 4 cents, he sold for 5 cents each.)• In an individual had invested $10,000 in Berkshire

Hathaway in 1965, it would be worth about $51 million in 1999. ($1=$5100)

• When he was a child, his life's goal was to be “Very, very rich.”

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A few more facts• He was listed as the wealthiest man in the world in

2008, and in 2011, he is ranked #3. • He still lives in the same house he bought in 1957.• Warren married Susan Buffett in 1952. They had three

children: Susie, Howard and Peter. • They began living separately in 1977, although they

remained married until her death in July 2004.

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He is important to society because…

• His company controls and makes a lot of things we know and use everyday.

• His company employs more than 233,000 people.• The annual revenue of Berkshire is over 118

Billion. • Berkshire owns companies from industries like

insurance, construction, furniture, apparel, transportation, food, media, jewelry, and energy.