Presentation on theme: "Warren Buffett By: Kan Lalli 1. Warren Buffet is an important member of society because: He realized his dream as a child, and took steps to reach it."— Presentation transcript:
Warren Buffet is an important member of society because: He realized his dream as a child, and took steps to reach it. He created one of the biggest empires in the world all by himself. Footer Text2
Background Born on August 30, 1930 in Omaha, Nebraska. The only boy in the second of three children. Son of a Congressman and stockbroker. He delivered newspapers as a child to earn money. Footer Text3
Berkshire Hathaway GEICO-January 1996 General Re-December 1998 MidAmerican Energy Holdings Company Fruit of the Loom-April 29, 2002 Acme Building Brands-2000 FlightSafety International-LaGuardia Airport,NY-1996 His company holds: 12.6% of American Express co. 8.6% of The Coca-Cola Company 5.6 % of Kraft Foods 19 % of Wells Fargo As of 2008, Berkshire owns $27 billion in fixed income securities, mainly foreign government bonds and corporate bonds. Footer Text4
A few facts "Money will always flow toward opportunity, and there is an abundance of that in America.“ When he was six years old, Buffett purchased 6- packs of Coca-Cola from his grandfather's grocery store for twenty five cents, and resold each of the bottles for a nickel, pocketing a five cent profit. (Each cost 4 cents, he sold for 5 cents each.) In an individual had invested $10,000 in Berkshire Hathaway in 1965, it would be worth about $51 million in 1999. ($1=$5100) When he was a child, his life's goal was to be “Very, very rich.” Footer Text5
A few more facts He was listed as the wealthiest man in the world in 2008, and in 2011, he is ranked #3. He still lives in the same house he bought in 1957. Footer Text6 Warren married Susan Buffett in 1952. They had three children: Susie, Howard and Peter. They began living separately in 1977, although they remained married until her death in July 2004.
He is important to society because… His company controls and makes a lot of things we know and use everyday. His company employs more than 233,000 people. The annual revenue of Berkshire is over 118 Billion. Berkshire owns companies from industries like insurance, construction, furniture, apparel, transportation, food, media, jewelry, and energy. Footer Text7
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