Difference between revisions of "Warren Buffett"
(New page: thumb|Warren Buffett '''Warren Buffett''' (B. Omaha, Nebraska, 1930) is an American businessman and philanthropist. According to Forbes he is at present...) |
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[[Image:Warren Buffet.jpg|thumb|Warren Buffett]] | [[Image:Warren Buffet.jpg|thumb|Warren Buffett]] | ||
| − | '''Warren Buffett''' ( | + | '''Warren Buffett''' (b. Omaha, [[Nebraska]], 1930) is an American businessman, supposed philanthropist, and tax evader.<ref>{{cite web |last1=Seidl |first1=Jonathon M. |url=https://www.theblaze.com/stories/obama-suporter-warren-buffetts-co-hasnt-paid-some-taxes-since-2002/ |title=Obama Supporter Warren Buffett’s Co. Hasn’t Paid Some Taxes Since 2002 |work=[[The Blaze]] |date=August 29, 2011 }}</ref> According to [[Forbes]] he is among the richest men in the world (often rotating in the spot with [[Bill Gates]] and [[Jeff Bezos]]). Buffett is noted for his frugality despite his personal fortune (he still lives in the same house in [[Omaha]] he bought three decades ago for $31,500 and drives an older Lincoln TownCar). He officially retired as CEO of Berkshire Hathaway, the conglomerate he founded, on December 31, 2025, but remains as its CEO. |
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| − | Over the past thirty-five years, Warren Buffett has emerged as arguably the greatest investor in American history. [http://beginnersinvest.about.com/cs/warrenbuffett/l/blwarrenbuffett.htm] | + | Over the past thirty-five years, Warren Buffett has emerged as arguably the greatest investor in American history.<ref>[http://beginnersinvest.about.com/cs/warrenbuffett/l/blwarrenbuffett.htm Warren Buffett Biography]</ref> |
</blockquote> | </blockquote> | ||
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| + | In 2007 he announced that most of his fortune would be administered by the [[Gates Foundation|Bill & Melinda Gates Foundation]]. He pledged 10 million shares of Berkshire Hathaway stock to the foundation, and as of 2010 has delivered 25% of the pledged shares, valued at around $6 billion.<ref>{{cite web |url=http://www.gatesfoundation.org/Who-We-Are/General-Information/Leadership/Executive-Leadership-Team/Warren-Buffett |title=Warren Buffett Trustee |work=[[Gates Foundation|Bill & Melinda Gates Foundation]] }}</ref> | ||
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| + | Susie, his wife died in 2004, at 72. However, for many years before that he took a mistress (with Susie's approval, as she wanted to relocate to [[San Francisco]] to become an artist; the three of them would sign Christmas cards together); upon Susie's death (Buffett, to his credit, flew to see her weekly in her last days and was at her bedside when she died) he married his mistress. | ||
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| + | Despite his reputation for entrepreneurship and successful business management, Buffett endorsed Democratic candidate [[Barack Obama]] during the [[2008 United States Presidential Election]]. | ||
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| + | He is also an affirmed [[agnostic]].<ref>[http://www.theamericanview.com/index.php?id=649]</ref> | ||
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| + | Buffett hypocritically supports raising taxes on the rich, while not giving the government any extra tax money himself. He wrote an Op-ed article for the New York Times begging for tax increases on the rich. Of Buffett's $50 billion net worth, he only paid $6.9 million in taxes 2010.<ref>{{cite web |last1=Novack |first1=Janet |url=https://www.forbes.com/sites/janetnovack/2011/10/12/warren-buffets-effective-federal-income-tax-rate-is-just-11/ |title=Warren Buffett's Effective Federal Income Tax Rate Was Just 11% |work=[[Forbes]] |date=October 12, 2011 }}</ref> His personal income tax rate is 1/7000th of his net worth. Critics, mostly on the right, have mocked Buffett's call to raise taxes. Like other [[liberal]]s calling for higher taxes, they can afford to pay more but never do on their own. | ||
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| + | Buffett's company Berkshire Hathaway has been fighting with the IRS for almost a decade over taxes it owes, estimated to be $1 billion.<ref>{{cite web |last1=Sheppard |first1=Noel |url=http://newsbusters.org/blogs/noel-sheppard/2011/08/30/warren-raise-my-taxes-buffetts-company-may-owe-irs-1-billion#ixzz1We56oSBm |title=Warren 'Raise My Taxes' Buffett's Company May Owe IRS $1 Billion |work=[[Newsbusters]] |date=August 30, 2011 }}</ref> | ||
== See also == | == See also == | ||
| + | * [[Carlos Slim]] | ||
| + | * [[Bill Gates]] | ||
| + | * [[Buffett Rule]] | ||
| − | + | ==References== | |
| − | + | {{reflist|2}} | |
== External links == | == External links == | ||
| − | |||
*[http://www.berkshirehathaway.com/message.html A Message From Warren E. Buffett] | *[http://www.berkshirehathaway.com/message.html A Message From Warren E. Buffett] | ||
| + | {{DEFAULTSORT:Buffett, Warren E.}} | ||
| + | {{liberalism}} | ||
| + | [[Category:Presidential Medal of Freedom award winners]] | ||
| + | [[Category:Liberals]] | ||
[[Category:Business]] | [[Category:Business]] | ||
| + | [[Category:Business People]] | ||
| + | [[Category:Billionaires]] | ||
| + | [[Category:Finance]] | ||
| + | [[Category:Men]] | ||
| + | [[Category:Elites]] | ||
| + | [[Category:Democratic party donors]] | ||
Latest revision as of 22:13, January 10, 2026
Warren Buffett (b. Omaha, Nebraska, 1930) is an American businessman, supposed philanthropist, and tax evader.[1] According to Forbes he is among the richest men in the world (often rotating in the spot with Bill Gates and Jeff Bezos). Buffett is noted for his frugality despite his personal fortune (he still lives in the same house in Omaha he bought three decades ago for $31,500 and drives an older Lincoln TownCar). He officially retired as CEO of Berkshire Hathaway, the conglomerate he founded, on December 31, 2025, but remains as its CEO.
Over the past thirty-five years, Warren Buffett has emerged as arguably the greatest investor in American history.[2]
In 2007 he announced that most of his fortune would be administered by the Bill & Melinda Gates Foundation. He pledged 10 million shares of Berkshire Hathaway stock to the foundation, and as of 2010 has delivered 25% of the pledged shares, valued at around $6 billion.[3]
Susie, his wife died in 2004, at 72. However, for many years before that he took a mistress (with Susie's approval, as she wanted to relocate to San Francisco to become an artist; the three of them would sign Christmas cards together); upon Susie's death (Buffett, to his credit, flew to see her weekly in her last days and was at her bedside when she died) he married his mistress.
Despite his reputation for entrepreneurship and successful business management, Buffett endorsed Democratic candidate Barack Obama during the 2008 United States Presidential Election.
He is also an affirmed agnostic.[4]
Buffett hypocritically supports raising taxes on the rich, while not giving the government any extra tax money himself. He wrote an Op-ed article for the New York Times begging for tax increases on the rich. Of Buffett's $50 billion net worth, he only paid $6.9 million in taxes 2010.[5] His personal income tax rate is 1/7000th of his net worth. Critics, mostly on the right, have mocked Buffett's call to raise taxes. Like other liberals calling for higher taxes, they can afford to pay more but never do on their own.
Buffett's company Berkshire Hathaway has been fighting with the IRS for almost a decade over taxes it owes, estimated to be $1 billion.[6]
See also
References
- â Obama Supporter Warren Buffettâs Co. Hasnât Paid Some Taxes Since 2002. The Blaze (August 29, 2011).
- â Warren Buffett Biography
- â Warren Buffett Trustee. Bill & Melinda Gates Foundation.
- â [1]
- â Warren Buffett's Effective Federal Income Tax Rate Was Just 11%. Forbes (October 12, 2011).
- â Warren 'Raise My Taxes' Buffett's Company May Owe IRS $1 Billion. Newsbusters (August 30, 2011).
External links