Berkshire Hathaw’s chief executive Warren Buffett said he would resign from that position at the end of the year.
Mr. Buffet (1) once transformed Berkshire Hathaway into a textile company, a powerful business investor, made billions of ways on the way.
Look back at some defined moments of his life here.
August 30, 1930
‘Omaha Oracle’
On August 8, Mr. Buffett was born to Laila and Howard Buffett, an investment banker and future Republican Congressman.
At the age of 9, he started studying the stock market.
In 7, he told the New York Times Magazine, “I used to stock all kinds of stock, even better.”
He studied before returning to Warton School at the University of Pennsylvania, University of Nebrasca and Colombia Business School Omaha.
1959
Charlie T. Mangar
In 9, Mr. Buffett met Charles T Munger after a doctor from Omaha introduced each other. They soon went into business together and worked together for more than 50 years.
On 27, Mr Buffett gave Mr Mungar a credit, who became the Vice Chairman of Berkshire Hathaway in 1971, created the business structure.
“The blueprint he gave me was easy: forget what you know about buying a fair business at great prices; instead, buy great business at a fair price,” Mr. Buffett wrote a letter in the company for the first 50 years.
Mr. Mungar died in 2023.
1963
A salad is watching the oil turn around
The stock for the American Express Company, after the Craratad in 663, learned that the company provided several million dollars warehouse for salad oil, which did not exist through a warehouse assistant organization. The inspector was fooled by the tubs at the top with salad oil and the receipt was forged.
Mr Buffett, who was not well known at that time, had a chance and kept $ 13 million on the American Express because it was a strong resource in addition to the entity involved in the oil scandal.
The purchase is considered as the success of its first investment. Berkshire Hathaway is now the largest shareholder in the American Express.
1965
Textile trading for corporations
Mr. Buffett bought the first share on Berkshire Hathaway in December 1 Bar2. He continued to buy shares for years and officially took control of the business in May 76565, transformed it into a collective holding company.
In a letter to the company’s fifteenth anniversary, Mr Buffett said that he regretted spending so much money on the Barkshire stock that he earned in the early 900s. He turned off the textile business in 1985.
1993
A ‘horror’ mistake
Mr. Buffett was open about his investment mistakes and in his fifteenth anniversary letter, he said he would buy the Dexter shoe company in Berkshire Hathaway 1, “The most horrific” error.
Berkshire Hathaway Mine -based shoe maker bought Dexter’s shoe for $ 433 million and its value dropped to zero.
“As a financial disaster, it deserves a place in the Guinness Book of World Records,” he wrote.
When Mr Buffett said in 2006, he was one of the richest people in the world that he planned to donate most of his fate to the Gates Foundation and four more people.
Four years later, Mr Buffette and Bill and Melinda Gates listed to give similar promises to other rich Americans.
Mr Buffett told the Wall Street Journal in 2021 that the Foundation would not get any more money after his death. This money will go to a charity trust that supervise his daughter and two sons instead.
May 3, 2025
Buffett exit
At the annual shareholder meeting of Berkshaire on Saturday, Mr. Buffett announced that he was resigning.
Mr Buffett said that he wanted to take over as chief executive at the end of the year, Vice Chairman of the non-insufficient companies in Berkshire.
Mr. Buffett, Berkshaire’s single largest shareholder, is about 14 percent of the shareholder, who is worth about $ 164 billion, will be the chairman of the company.
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