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Warren Buffett Turns 94 On This Day
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On this day in history, August 30th, 94 years ago in 1930, Warren Edward Buffett was born. And the history of his success almost seemed preordained. The son of a U.S. Congressman, Buffett exhibited an early and entrepreneurial spirit, starting multiple businesses, selling chewing gum magazines, golf balls, pinball machines all before he graduated high school. After completing his collegiate studies, Buffett went to work at his father's investment firm and later at a partnership run by famed financial analyst Benjamin Graham. By 1956, at just 25 years old, Buffett founded his own investment company and a year later met his future business partner, Charlie Munger. Within six years, Buffett was a millionaire, but it was in 1965 when Buffett made a purchase that would change his life, paying around $8 million to take control of an obscure textile company called Berkshire Hathaway. While the textile business itself was a dog, Buffett was able to pivot the business into insurance after buying National Indemnity two years later, creating a foundation for billions of dollars of future investments that would make him one of the richest people in the world. • -------- • More on Bloomberg Television and Markets • • Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets Finance: https://tinyurl.com/ysu5b8a9 • Visit http://www.bloomberg.com for business news analysis, up-to-the-minute market data, features, profiles and more. • • Connect with Bloomberg Television on: • X: / bloombergtv • Facebook: / bloombergtelevision • Instagram: / bloombergtv • • Connect with Bloomberg Business on: • X: / business • Facebook: / bloombergbusiness • Instagram: / bloombergbusiness • TikTok: https://www.tiktok.com/@bloombergbusi... • Reddit: / bloomberg • LinkedIn: / bloomberg-news • • More from Bloomberg: • Bloomberg Radio: / bloombergradio • • Bloomberg Surveillance: / bsurveillance • Bloomberg Politics: / bpolitics • Bloomberg Originals: / bbgoriginals • • Watch more on YouTube: • Bloomberg Technology: / @bloombergtechnology • Bloomberg Originals: / @business • Bloomberg Quicktake: / @bloombergquicktake • Bloomberg Espanol: / @bloomberg_espanol • Bloomberg Podcasts: / @bloombergpodcasts
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