Mr. Buffett was born in Omaha, Nebraska, on August 30, 1930. His family operated a grocery store in Omaha for 100 years (1869-1969). His father ran an investment firm and also served as a member of Congress for four years.
Mr. Buffett is chairman of the board and chief executive officer of Berkshire Hathaway Inc., a holding company controlled by him since 1965. Berkshire Hathaway has 76 operating businesses, with its largest source of earnings arising from property-casualty insurance and reinsurance. It also owned common stocks with a value of $75 billion at yearend 2007.
Mr. Buffett started out as an investment salesman and securities analyst, and early in his career, he created his own investment partnership. If an investor had put $10,000 in Buffett Partnership Ltd. when it was formed in 1956 and continued that investment in Berkshire Hathaway, he would now have shares worth about $650 million.
Mr. Buffett serves as a director of The Washington Post Company.
Mr. Buffett attended Woodrow Wilson High School in Washington D.C., Wharton School of Business at University of Pennsylvania, and in 1950 received his B.S. from the University of Nebraska. He earned his M.S. in Economics from Columbia University in 1951.