Warren Buffett invests heavily in the stock market. I'm sure he bought tons of cheap stocks and waited.. till today..
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Warren Edward Buffett (born
August 30,
1930,
Omaha, Nebraska) is an
American investor,
businessperson and
philanthropist.
Often called the "Sage of Omaha" or the "Oracle of Omaha"
[2], Buffett is currently the largest shareholder and CEO of
Berkshire Hathaway. With an estimated
current net worth of around US$56.9 billion,
[1] he was ranked by
Forbes as the
third-richest person in the world as of April 11, 2007, behind Mexican telecom titan
Carlos Slim Helú and
Bill Gates.
[3]
Buffett is known for his unconventional style and frugality despite his immense wealth.
[4] His 2006 annual salary of about $100,000
[5] is tiny by the standards of senior executive remuneration in other comparable companies,
[6] and when he spent $9.7 million of Berkshire's funds on a
corporate jet in 1989, he jokingly named it "The Indefensible" because of his past criticisms of such purchases by other CEOs.
[7] He continues to live in the same house in the central
Dundee neighborhood of Omaha, Nebraska that he bought in 1958 for $31,500
[8], today valued at around $700,000.
[9]
Buffett is also a noted philanthropist. In 2006, he announced a plan to give away his fortune to charity, with 83% of it going to the
Bill and Melinda Gates Foundation.
[10] The donation will amount to approximately
US$30 billion, at the time of the announcement enough to more than double the size of the foundation.[
citation needed] In 2007, Buffett was listed among
Time's 100 Most Influential People in The World.[
citation needed]