Warren Buffett, known as the 'Sage of Omaha', is a US investment guru and philanthropist who serves as the chairman and CEO of Berkshire Hathaway, an Omaha, Nebraska-based investment company. He is considered one of the most successful investors in the world and has a net worth of $82.2bn (as of 2 August 2018).
Born in Nebraska in 1930, he formed Buffett Partnership Ltd in 1956 and, by 1965, he had assumed control of Berkshire Hathaway, and now helms a conglomerate with holdings in the media, insurance, energy and food and beverage sectors. The publicly traded business has stakes in Coca-Cola and American Express. Berkshire Hathaway's 52-year average annual return is 20.8%.
Reinsurer Swiss Re could be on the hook for $1bn in damages over a life insurance deal agreed with Warren Buffett's Berkshire Hathaway conglomerate, according to reports.
Investment veteran Warren Buffett is backing JPMorgan Chase CEO Jamie Dimon to replace Tim Geithner as US treasury secretary.
Investment veteran Warren Buffett is running cash levels just shy of his career all-time high, after his company Berkshire Hathaway reported profits climbed 72% in the third quarter.
Investment veteran Warren Buffett expects US growth to continue "inching ahead" of its Western counterparts, despite the looming fiscal cliff putting the country at risk of slipping back into recession.
A new paper, 'Buffett's Alpha' claims to have identified the main factors that have driven Warren Buffett's extraordinary record in investment.
Bill Gates has been named the wealthiest American for the 19th year in a row, according to Forbes' rich list.
Four years after Lehman Brothers suffered the largest bankruptcy in US history, a former vice president at the investment bank has warned the financial system is on a ‘collision course' for another 2008-style event.
Amancio Ortega, the 76-year-old Spanish founder of retailer Inditex which owns clothing brand Zara, has bumped Warren Buffett off his perch as the world's third richest man.
Warren Buffet's conglomerate Berkshire Hathaway reported a fall in profits for Q2 2012, as derivatives losses weighed on the results.
Warren Buffett has spoken out about the rapidly deteriorating state of the European economy, warning that there is no obvious answer to the region's problems.