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Warren Buffett is born
Born under the name Warren Edward Buffett on August 30, 1930 as the second of three children and the only boy. -
First investment at 11 years old.
At 11 years old, Buffett invested 3 shares into Cities Service Preferred at $38 per share. He sold them at $40, but regretted doing so because the value later increased to $200. He regards this as one of his first important lessons in patience in investing. -
Pinball Machine Business
While living in Fredricksburg, Virginia, Buffett and one of his accomplices bought a used pinball machine for $25. They installed it in a barbershop, and used the resulting profits to buy a few more machines before selling the busines for $1200 -
Buffett has his own businesses
By the age of 13, Buffett was already running his own businesses as a paperboy and selling his own horseracing tip sheet. The same year, he filed his first tax returns, claiming his bike as a $35 tax reduction. This was a prime example of his business expertise at a very young age. -
Higher Education and Early Career
Warren Buffett enrolled at the University of Pennsylvania at the age of 16 to study business. He remained here for 2 years, moved to the University of Nebraska to finish up his degree, and emerged from college at 20 years old with $10,000 in his pockets from his childhood businesses. -
Formation of Buffett Partnership Ltd.
In 1956, Buffett formed the investing firm known as Buffett Partnership Ltd. He was very successful in identifying undervalued companies and quickly became a multimillionaire. -
Assuming control of Berkshire Hathaway
One company that Buffett saw great promise in was Berkshire Hathaway. He began accumulating stock in the early 1960's,and had assumed control of the company by 1965 -
Investing in other businesses proves successful
Rescuing seemingly hopeless companies such as Salomon Brothers gave him immense profits. Following a massive investment in Coca-Cola, he became director of Berkshire Hathaway from 1989 to 2006 -
The Giving Pledge
In June 2006, Warren Buffett, along with several other billionaires, agreed to be a part of "The Giving Pledge", where, upon death, they agree to give away at least half of all their wealth to charity. Warren Buffett has agreed to give it all to charity -
Prostate Cancer Diagnosis
In 2012, Warren Buffett announced his diagnosis of prostate cancer. He began undergoing radiation treatment in July, and successfully completed his treatment in November.
