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1936
Age 6. Buffett started selling Juicy Fruit chewing gum packs. -
1941
At 11 years old, Buffett buys his first stock – 6 shares of Cities Service (now known as CITGO – an Oil company) at $38 per share. He bought 3 for himself and 3 for his sister Doris. -
1961
Buffett is running seven partnerships by 1961; Buffett Associates, Buffett Fund, Dacee, Emdee, Glenoff, Mo-Buff, and Underwood.
The partnerships are worth a few million and Buffett made his first million dollar investment in Dempster – a windmill manufacturing company. -
1963
Buffett sells Dempster for a $2.3 million gain, 3x times the invested amount. Buffett aggressively purchases Berkshire paying $14.86 per share while the company had working capital of $19 per share. -
1965
Buffett invests $4 million in Walt Disney after a meeting with Walt Disney himself which is almost 5% of the company. Buffett takes full control of Berkshire Hathaway and names Ken Chase to be the CEO. -
1974
Due to falling stock prices, the value of Berkshire Hathaway portfolio begins to fall. Warren’s personal network falls by more than 50%. -
1979
Berkshire is trading at $290 per share. Warren’s personal net worth is now approximately $100 million and receives a $50k annual salary. -
1986
Berkshire’s stock price soars above the $3,000 mark -
1994
The Warren Buffett Way by Robert G. Hagstrom Jr. is published and becomes a bestseller. -
2006
Buffett announces in June that he will give away more than 80%, or about $37 billion, of his $44 billion fortune to five foundations in annual gifts of stock, starting July 2006. The largest contribution will go to the Bill and Melinda Gates Foundation. Berkshire stock crosses $100,000 per share