The top money manager of the Twentieth Century

The top money manager of the Twentieth Century, Warren Buffet

In 2008 he was ranked by Forbes as the richest person in the world after his donating millions of dollars to charity he was ranked as the second richest man in the United States.

Warren Buffet was born in 1930 in Omaha, Nebraska, the second of three children.  Even as a child he showed an interest in making money. He worked in his grandfather’s grocery shop, he sold chewing gums and coca cola from door to door, and during high school he made money by delivering newspapers.

When he was 10 years old, he traveled to NYC and visited Stock Exchange, with 11 he bought his first shares.

In age of nineteen, he graduated with a Bachelor of Science in business administration.

In 1962, W.B. started  buying stocks from Berkshire Hathaway. The company was originally operated as a textile manufacturing company and his headquarter is still in Omaha.  Today is  Berkshire Hathaway the ninth largest public company in the world.  He had an average annual growth up to 20% in the last 48 years. The company has a hand in different business areas. E.g. railroad, home furnishings, manufacturers of vacuum cleaners, jewelry.  

Did you know, they are involved in IBM, American Express and in the company  that I work for?  The re insurer Munich Re.

Buffet gave 99% of his fortune to philanthropic away and is still active against his high age.