Multi-Billionaire turns 80!
This week, on August 30th Warren Buffett, one of the richest men in the world, turns 80. What we can wish him? Money, success, multiplying his fortune? Reviewing his work you can be easily deceived by appearances but you have to ask the question: who is really Warren Buffett? Is he a financial shark who cares only about his business or rather fulfilled entrepreneur with heart of gold?
According to the Forbes Magazine Warren Buffett as the majority shareholder of Berkshire Hathaway which is worth 74.4 billion dollars and with his $100 000 salary for years is the third richest man in the word. There is no doubt that he always has a flair for business. His adventure with money began at age of 6 when buying Coca-Cola six packs for 25 cents, distributed and sold them for 5 cents per bottle. In his life he was also delivering newspapers, and at the age of 14 has acquired 40 acre plot in Nebraska, which he has leased.
In business, Warren Buffett's investment strategy is to acquire large blocks of shares from a small number of well-known companies. But unlike the other elite businessmen who usually build their wealth in metropolis, Warren Buffett has accumulated his wealth from the backwater of Omaha, Nebraska. What is also significant, he controls 12.1% of the American Express shares, 9.5% Gillette shares and 8.3% of the Coca-Cola shares, thanks to which he earned his first money. Warren Buffet is not only successful entrepreneur but also one of the most admired and honorable person. Man from the American dream, who after years of hard and intensive work has not lost his charisma and become one of the world's most active philanthropists spending huge sums to help others.
Alice Schroeder, author of "The Snowball: Warren Buffett and the Business of Life." said "For Buffett, the need to be loved and feel love is behind this drive to succeed. When he was a child, he never felt love - now he has 40,000 people coming to see him at the (Berkshire) annual meetings."
What we can wish Warren Buffett? Money, success, fortune multiplying? He already has it all, so maybe just happy birthday dear Warren Buffett!.
Author: Joanna Lewandowska / judytapapp ©
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