Indefensible business jet

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Warren Edward Buffett ( / ˈ b ʌ f ɪ t / ; born August 30, 1930) [2] is an American business magnate, investor, and philanthropist. Buffett serves as the Chief Executive Officer and Chairman of Berkshire Hathaway . He is considered by some to be one of the most successful investors in the world, [3] [4] and as of August 2017 is the second wealthiest person in the United States, and the fourth wealthiest in the world, with a total net worth of $81.1 billion. [5]

Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970, [6] and his business exploits have had him referred to as the "Wizard", "Oracle" or "Sage" of Omaha by global media outlets. [7] [8] He is noted for his adherence to value investing and for his personal frugality despite his immense wealth. [9]

Buffett is a notable philanthropist, having pledged to give away 99 percent [10] of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation . In 2009, with Bill Gates and Mark Zuckerberg, Warren founded The Giving Pledge , whereby billionaires pledge to give away at least half of their fortunes. [11]