A belated birthday wish to Warren Buffett!
Warren Buffett, who turned 83 on 30 August, was ranked the richest person in the world in 2008 by Forbes magazine with an estimated net worth of US $ 62 billion.
In 2009, after donating billions of dollars to charity he was ranked the second richest man with a net worth of US $ 37 billion.
Then Bill Gates overtook him with a net worth of US $ 47 billion. Buffett, like Gates, believed in hard work and lavishly donating to charities.
In an article to New York Times once Buffett wrote ‘I don’t believe in dynastic wealth and he called them ‘members of the lucky sperm club’.’
Even as a child, Buffett displayed an interest in making and saving money.
He went door to door selling chewing gum, Coca-Cola or weekly magazines and for a while he worked in his grandfather’s grocery store.
While still in high school he was successful in making money by delivering newspapers, selling golf balls and stamps. Buffett became a millionaire in 1962.
Obtaining his Masters of Science in Economics, added to his born talent in making money, he became the Chairman and CEO of his company Berkshire Hathaway.
Warren Buffett’s writings include his annual reports and various articles. He is recognized by communicators as a great story-teller as evidenced by his annual letters to shareholders.
This American billionaire, Buffett, lives a simple life in a three-bedroom house and driving his own Cadillac.
On April 2012, Buffett was diagnosed with stage I prostate cancer during a routine test.
After he had completed the full 44-day radiation treatment cycle, he said; ‘it’s a great day for me and I am so glad to say that’s over.’ We firmly believe that his magnanimous charity work that saved him from this dreaded disease.
It is worth recalling some of his useful quotes he made through his experience; ‘In the business world, the rearview mirror is always clearer than the windshield’.
‘It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently’.
‘Wall Street is the only place that people ride to, in a Rolls Royce, to get advice from those who take the subway.’
And as a parting shot; ‘I always knew I was going to be rich. I don’t think I ever doubted it for a minute.’
We wish Warren a belated birthday wish!
- Asian Tribune -