
(b f´ t) (KEY) , 1930–, American financial executive, b. Omaha, Nebr., studied at Wharton School of Finance (1947–49), grad. Univ. of Nebraska (B.S., 1950), Columbia Univ. (M.S., 1951). After working as an investment salesman and securities analyst, he was partner (1956–69) in the investment firm Buffett Partnership, Ltd. In 1965, he acquired the textile manufacturer Berkshire Hathaway and became (1970) chairman and CEO. Through judicious investments and acquisitions of insurance companies and manufacturing and service firms, Buffett has transformed Berkshire Hathaway into a large conglomerate; in 1999, its assets were $124 billion. His investments have also made him one of the wealthiest people in the world. He has co-authored Warren Buffett Speaks (with J. C. Lowe, 1997) and Thoughts of Chairman Buffett (with S. Reynolds, 1998). His father, Howard Homan Buffett, 1903–64, an investment banker, was a U.S. congressman from Nebraska (1943–49, 1951–53).
See biography by R. Lowenstein (1995); studies by A. Kirkpatrick (1992), R. G. Hagstrom (1995), and M. Buffett and D. Clark (1997).
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