Warren Edward Buffett, Successful Famous Businessman and Investor

In 2008 Warren Edward Buffet was ranked by Forbes as the richest person in the world with an estimated net worth of approximately US$62 billion.In 2009, after donating billions of dollars to charity, Buffett was ranked as the second richest man in the United States with a net worth of US$37 billion with only Bill Gates ranked higher than Buffett. His net worth is up to $47 billion in the past 12 months.

Born:   August 30, 1930 Omaha, Nebraska, U.S.
Nationality: American
Alma mater: Wharton U. Penn, University of Nebraska–Lincoln (B.S.) , Columbia Business School (M.S.)
Occupation:  Chairman & CEO of Berkshire Hathaway
Years active: 1951–present
Salary: US$100,000
Net worth: US$ 44 billion (2012)
Religion: None (Agnostic)
Spouse(s): (1)Susan Thompson Buffett (m. 1952–2004); (2)Astrid Menks (m. 2006)

Childrens: (1)Susan Alice Buffett (2) Howard Graham Buffett (3)Peter Andrew Buffett


"The arithmetic makes it plain that inflation is a far more devastating tax than anything that has been enacted by our legislatures. The inflation tax has a fantastic ability to simply consume capital. It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation, or pays no income taxes during years of 5 percent inflation."

<His children will not inherit a significant proportion of his wealth. This is consistent with statements he has made in the past indicating his opposition to the transfer of great fortunes from one generation to the next.
Buffett once commented, "I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing".Buffett invested in PetroChina Company Limited and in a rare move, posted a commentary on Berkshire Hathaway's website stating why he would not divest from the company despite calls from some activists to do so, due to its connection with the Sudanese civil war that caused Harvard to divest from the company in 2005. He did, however, sell this stake soon afterwards, sparing him the billions of dollars he would have lost had he held on to the company in the midst of the steep drop in oil prices beginning in the summer of 2008.
In October 2008, Buffett invested in new energy automobile business by paying $230 million for 10% of BYD Company (SEHK: 1211), which runs a subsidiary of electric automobile manufacturer BYD Auto. In less than one year, the investment has reaped him over 500% return of profit.

Early Life:

Even as a child, Warren Buffett displayed an interest in saving and making money. He went door to door selling Coca-Cola, chewing gum or weekly magazines.
For a while, he worked in his grandfather's grocery store. While still in high school he was successful in making money by delivering newspapers, selling golfballs and stamps, and detailing cars, among other means. Filing his first income tax return in 1944, Buffett took a $35 deduction for the use of his bicycle and watch on his paper route. In 1945, in his sophomore year of high school, Buffett and a friend spent $25 to purchase a used pinball machine, which they placed in the local barber shop. Within months, they owned several machines in different barber shops.
He was famous as  "Sage of Omaha", "Wizard of Omaha" or, "Oracle of Omaha".