Warren Buffett, also known as the “Oracle of Omaha,” is a name that is synonymous with smart investing and wealth creation. He is the CEO of Berkshire Hathaway and has transformed it into one of the most valuable companies in the world, gathering a fortune that continuously places him among the world’s richest people. Buffett started investing early with the purchase of his very first stock at age 11 and first filed taxes at age 13. He believes in the idea of buying a business with solid fundamentals and good leadership with potential for sustainable growth.
Buffett’s journey proves the importance of time in growing wealth. He still lives in the modest house he bought way back in 1958, which reflects his humble lifestyle despite his huge wealth. He pledged to give away more than 99% of his wealth. To date, he has donated some $60 billion, primarily through the Gates Foundation and his children’s foundations. In 2010, he and Bill Gates founded the Giving Pledge, challenging other billionaires to pledge at least half of their net worth to charitable causes. His story teaches us that discipline, patience, and knowledge can lead to incredible success.