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%.
Tesco's third largest shareholder Warren Buffett has described his investment in the supermarket as a "huge mistake".
Price versus value debate still rages on
Shares in Warren Buffett's firm Berkshire Hathaway have reached a new high of $200,000 each.
Warren Buffett's Berkshire Hathaway failed to beat the S&P 500's return last year, meaning it missed Buffett's target of beating the index over a five year period for the first time.
Warren Buffett's Berkshire Hathaway is set to miss its five year performance target for the first time in over four decades.
Warren Buffett's Berkshire Hathaway has purchased a $3.45bn stake in oil company Exxon Mobil.