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Warren Buffet was born in the year 1930 in Nebraska. His father was a successful Congressman, but Buffett always aspired to be in business as he started his own entrepreneur stints as a young kid, selling whatever he could get his hands on.
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Buffett first attended Wharton University in 1947, but then soon transferred to University of Nebraska after 2 years. At age 19, Buffet received a BA and applied to Columbia's Business school where he earned his Master's in Economics.
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In 1956, Buffett founded his first business, Buffett Partnership Ltd. He later decided to close the company in 1969.
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In 1960, Buffett began to buy stocks in Berkshire Hathaway (he was already a millionaire at 1962 because of various partnerships and jobs). By 1965, Buffett had acquired the company.
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In 1979, Buffett found great success with Berkshire Hathaway's stock. Beginning the year at 775, he grew the company to 1,310 dollars/share, showing his great management and wise investments from the years. At this time, he was valued at $620 million.
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Buffett started buying Coca-cola in 1988, the start to an amazing investment. In the prior years, Buffett was continuously buying, selling, and partnering with companies, increasing his wealth.
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Buffett became a billionaire in the year 1990 as Berkshire's stock surpassed $7,500/share.
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In 1998, Buffett acquired the insurance company, General Re. However, this was not one of Buffett's successful investments. The company faced turmoil with scandals and large losses.
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In 2006, Buffett dedicated himself to charitable works, pledging to give 85% of his Berkshire Earnings away; the majority going to the Gate's Foundation.
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In August of 2014, Berkshire Hathaway's stock passed the $200,000/share point. Buffett, who owns thousands of shares, reached a total of $64 billion from these stocks alone. Since then, his net worth has risen to $84 billion, making him the world's 3rd richest man.
