On March 5, 2008, Forbes Magazine named Warren Buffett “The World’s Richest Man.” For those who may have heard the name, but aren’t familiar with who he is, Warren Buffett is an American investor, businessman, and philanthropist. He is the CEO and largest shareholder of Berkshire Hathaway and has an estimated net worth of $62 billion.
Nicknamed the “Oracle of Omaha,” Warren Buffett is praised around the world for his investment strategy known as “value investing.” He is also considered quite a frugal individual and despite his wealth, his annual salary from Berkshire Hathaway is only $100,000 (making him the lowest paid executive among the 200 largest companies in the country) and he still lives in the same house in Omaha that he purchased in 1958 for $31,500 (today it is valued at about $700,000).
One of the many things Mr. Buffett is known for is his philanthrophy. He announced a few years ago that he would bequest a sizeable portion of his fortune to charity, with approximately 83% of it earmarked for the Bill & Melinda Gates Foundation.
Read on.... WARREN BUFFETT -- EVERYTHING YOU WANT TO KNOW!
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