Q

• In 1973, "His Company" began to acquire stock in the Washington Post Company. In 1979, "His Company" began to acquire stock in ABC.
• He became a billionaire on paper when "His company" began selling class A shares on May 29, 1990. In 2002, he entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies. By April 2006, his total gain on these contracts was over $2 billion.
• In 2006, he announced in June that he gradually would give away 85% of his "His company" holdings to five foundations in annual gifts of stock. In 2007, in a letter to shareholders, he announced that he was looking for a younger successor, or perhaps successors, to run his investment business.
• He had previously selected Lou Simpson, who runs investments at Geico, to fill that role. However, Simpson is only six years younger than him.

Ans- Warren Buffett