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Warren Edward Buffett is Born
Warren Edward Buffett is born to his parents, Howard and Leila Buffett, in Nebraska. This was the begining of the most sucessful inventor in the world. -
Warren Buys his first Stock
At eleven years old, Warren buys his first stock. He purchases 6 shares of Cities Service preferred stock [3 shares for himself, 3 for his sister, Doris], at a cost of $38 per share. The company falls to $27 but shortly climbs back to $40. Warren & Doris sell their stock. Warren learn a lesson of patience, as almost immediately, it shoots up to over $200 per share. -
The big Declaration
Warren declares to a friend of the family that he will be a millionaire by the time he turns thirty, or "[I'll] jump off the tallest building in Omaha." -
Washington Post Newspaper Selling
At age fifteen, Buffett makes $175 a month selling Washington Post newspapers and saves $1200 to buy a 40 acre farmland in Omaha, Nebraska. -
Pinball Machine
In his senior year of high school, Warren and a friend purchase a used pinball machine at a cost of $25. Buffett begins to think about the potential profit, and places it in a nearby Barber Shop. Within months, he owns three machines in three different locations. The business is sold later in the year for $1,200 to a War Veteran. -
Enrolment in School
Buffett applies for admission to Harvard Business School and is turned down. He eventually enrolls at Columbia after learning that Ben Graham and David Dodd, two well-known security analysts, are professors. -
Graduation
Buffett graduates and wants to go to work on Wall Street. Both his father [Howard] and mentor [Graham] urge him not to. Warren offers to work for Ben Graham for free but Graham refuses. -
Teaching Job
Buffett takes a Dale Carnegie public speaking course. Using what he learnt, he began to teach a night class at the University of Nebraska, "Investment Principles". The students were twice his age [he was only 21 at the time]. -
Warren gets Married
Warren and Susie Thompson get married. They rent an apartment for $65 a month, and have their first child, also named Susie. -
Graham Offers Warren a job
Ben Graham calls Warren and offers him a job at his partnership. Buffett's starting salary is $12,000 a year. -
Adding more Partnerships
Buffett adds two more partnerships to his collection. He is now managing five investment partnerships from his home. -
Warren's House Purchase
With Susan about to have her third child, Warren purchases a five-bedroom, stucco house on Farnam street. It cost $31,500. -
First Million Dollar Investment
With the partnerships now worth millions, Buffett made his first $1 million dollar investment in a windmill manufacturing company. -
The Buffet Partnership Worth Rises
The Buffett Partnership, which had begun with $105,000, was now worth $7.2 million. Warren and Susie personally own over $1 million of the assets. Buffett merges all of the partnerships into one entity known simply as Buffett Partnerships, Ltd. The operations are moved to Kiewit plaza, a functional but less-than-grand office, where they remain to this day. The minimum investment is raised from $25,000 to $100,000. -
Warren's Father dies
Warren's father, Howard, dies. Howard Homan Buffett was an American businessman, investor, and politician. He was a four-term Republican United States Representative. -
Walt Disney Investment
Buffett begins to purchase shares in Walt Disney Co. after meeting with Walt personally. Warren invested $4 million [which was equal to around 5% of the company]. -
Warren's Worth
Warren writes to his partners and tells them he finds no bargains in the roaring stock market of the '60s. His partnership is now worth $65 million. Buffett is worth, personally, more than $10 million. He briefly considers leaving investing and pursuing other interests. -
Closing of the Partnership
Following his most successful year, Buffett closes the partnership and liquidates its assets to his partners. Among the assets paid out are shares of Berkshire Hathaway. Warren's personal stake now stands at $25 million. He is only 39 years old. -
Falling Stock Prices
Due to falling stock prices, the value of Berkshire's stock portfolio began to fall. Warren's personal wealth was cut by over 50%. -
Warren's Wife leaves Him
Susie leaves Warren, although not officially divorcing him. Warren is crushed. -
Warren makes the Forbes List
Berkshire begins the year at $775 per share, and ends at $1,310. Warren's personal net worth is $620 million. He makes the Forbes list for the first time. -
Warren's best Investment Yet
Buffett purchases Nebraska Furniture Mart for $60 million. It turns out to be one of his best investments yet. -
Purchase Of Scott & Fetzer
Buffett purchases Scott & Fetzer for Berkshire's collection of businesses. It costs around $315 million, and boasts such products as Kirby vacuums and the World Book Encyclopedia. -
Big Loss
In the immediate crash and aftermath of October, Berkshire loses 25% of its value, dropping from $4,230 per share to around $3,170. The day of the crash, Buffett loses $342 million personally. -
Coca Cola Purchaise
Buffett begins buying stock in Coca-Cola, eventually purchasing up to 7 percent of the company for $1.02 billion. It will turn out to be one of Berkshire's most lucrative investments. -
Warren gets a Book Published about Him
The Warren Buffett Way by Robert G. Hagstrom Jr. is published and becomes a bestseller.
This book explains the life of Warren Buffett so far. -
Buffett is Still going Strong
Berkshire acquires a long list of companies.
Ben Bridge (Jewelry)
CORT, the leading national provider of rental furniture, accessories and related services in the growing “rent-to-rent” furniture rental industry.
Justin Industries including Acme Building Brands.
Shaw Industries, the world’s largest manufacturer of tufted broadloom carpets. Buffett is named the top money manager of the 20th century -
Buffett's Big Announcment
Buffett announces in June that he will give away more than 80%, or about $37 billion, of his $44 billion fortune to five foundations in annual gifts of stock, starting July 2006. The largest contribution will go to the Bill and Melinda Gates Foundation. -
Buffett Picks a Replacment
In a letter to shareholders, Buffett announces that he is looking for a young successor or perhaps successors to run Berkshire.
Buffett had previously selected Lou Simpson, who manages the investment via GEICO, to fill that role. However, Simpson is only six years younger than Buffett. -
Warren Buffett Today
Today Warren Buffett has a net worth of 66.7 billion US dollars. He is eighty five years old and he is considered to be the most sucessful investor in the world.
