Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

G asked in Business & FinanceInvesting · 10 months ago

Was Warren Buffett Born Rich?

What is Warren Buffetts background. Was he born rich? 

4 Answers

Relevance
  • 10 months ago
    Favorite Answer

    Long story short...

    His father, Howard, is elected to the United States Congress  in 1942.

     For this reason his family moved to Fredricksburg, Virginia and Buffett continued his studies in Washington D.C. Even as a young man, it became clear that his future was business. 

    Starting with the family business, in his grandfather's shop.

     In 1942 he pronounced his prophecy: "I will be a millionaire by the time I turn 30. Otherwise I will jump off the tallest building in Omaha." 

    And so it was, because today Warren Buffett is the third richest man in the world, after Bill Gates and Amancio Ortega.

    So we can say that he was quite obsessed with the idea of becoming rich and was willing to do anything to become rich.

    Just the opposite of ordinary people, who want to become rich but are not willing to learn and apply the basics of personal finance and focus only on spending and earning more money.

    More information about personal finance can be found on this website: https://www.revenue.land/

  • kswck2
    Lv 7
    10 months ago

    Warren Buffet was not born rich, but he wanted to become rich, so he applied himself into learning How to become rich. But his goal was JUST to Become rich, not to BE rich, since he hasn't really done anything with it, until recently announcing he is giving it all away. 

  • 10 months ago

    i dont think anyone is born rich

  • Steve
    Lv 6
    10 months ago

    Dont you think you could get a lot more info about him by going to wikipedia?

Still have questions? Get your answers by asking now.