Five Facts About Warren Buffett That You May Not Know

Called the ‘Oracle of Omaha’, Warren Buffett is one of the world’s wealthiest people and perhaps the most influential philanthropists of our times.

He is much respected by his peers and the world alike for his personal frugality and adherence to ethical principles when it comes to successful business management. Buffett rose from a modest beginning to become one of the richest men on earth through his sheer hard work and a keen sense of investing.

He developed his own investment principles which helped him acquire a lot of wealth; he was already a millionaire by the time he was in his early thirties.

As his wealth grew, so did his desire to give back to the society-he is a notable philanthropist and has pledged to give away a significant portion of his fortunes to charity.

Here are 5 interesting facts about him that you should know:
1. Started when he was just 11

At an age of 11, while most of you were playing video games, he bought his first stock. In the spring of 1942, the 11-year-old Buffett purchased shares of Cities Service Preferred for USD 38 a piece.

2. Harvard Business School rejected him

After graduating from the University of Nebraska, Buffett applied to Harvard Business School but was rejected.

After much disappointment from the rejection, Buffett discovered that his idols Benjamin Graham (“the father of value investing”) and David Dodd were professors at Columbia Business School.

He wrote them a letter saying, ‘Dear Professor Dodd. I thought you guys were dead, but now that I found out that you’re alive and teaching at Columbia, I would really like to come.’

And he admitted him!

3. What a diet!

In an interview with Fortune, Buffett claimed he is “one-quarter Coca-Cola”. “If I eat 2,700 calories a day, a quarter of that is Coca-Cola. I drink at least five 12-ounce servings.

I do it every day.” Sometimes for breakfast, he takes a sweeter approach and indulges in a bowl of ice cream to jump-start his day. When asked how he has managed to stay healthy with such a salty and sugary diet, he said, “I checked the actuarial tables, and the lowest death rate is among 6-year-olds. So I decided to eat like a 6-year-old.”

4. Made USD 37 million every day in 2013

By the end of 2013, Buffett had a net worth of USD 59 billion — up from USD 46 billion at the beginning of the year. On average, Buffett made USD 37 million a day in 2013, which was fueled by rising stock prices.

5. No paying for suits

Buffett owns some 20 suits. What’s interesting in this is that he has paid for none of them. In an interview with CNBC, Buffet shared, “During a trip to China, upon arriving in my hotel, two guys jumped in the room. They started sticking tape measures around me and everything, then they showed me a book with a whole bunch of samples and said ‘pick out a suit. Madam Lee [designer] wants to give you one.’

Gradually, Buffett developed a professional relationship with Madam Lee and she continued sending Buffett suits.

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