The main recipient was the Bill & Melinda Gates Foundation-created by Microsoft founder Bill Gates and his then wife, Melinda-which focused on issues of world health and education Bill and Buffett had maintained a close friendship since the early 1990s. In June 2006 Buffett announced that he planned to donate more than 80 percent of his wealth to charitable foundations in 2020 he raised that amount to 99 percent.
Though Buffett’s success with Berkshire Hathaway made him one of the world’s wealthiest men, he eschewed lavish spending and criticized governmental policies and taxation that favoured the rich over the middle or lower classes. From the 1960s through the ’90s the major stock averages rose by roughly 11 percent annually, but Berkshire Hathaway’s publicly traded shares gained about 28 percent per year. In 1956 Buffett returned to Omaha and in 1965 took majority control of the textile manufacturer Berkshire Hathaway Inc., turning it into his primary investment vehicle. After graduating from the University of Nebraska (B.S., 1950), he studied with Benjamin Graham at the Columbia University School of Business (M.S., 1951).
Known as the “Oracle of Omaha,” Buffett was the son of U.S.
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Warren Buffett, in full Warren Edward Buffett, (born August 30, 1930, Omaha, Nebraska, U.S.), American businessman and philanthropist, widely considered the most successful investor of the 20th and early 21st centuries, having defied prevailing investment trends to amass a personal fortune of more than $100 billion. Warren Buffett was awarded the Presidential Medal of Freedom in 2011.
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