He purchased a five-bedroom stucco house in Omaha, where he still lives, for $31,500. He asked one of his partners, a doctor, to find ten other doctors willing to invest $10,000 each in his partnership. Eventually eleven agreed, and He pooled their money with a mere $100 original investment of his own. He invested in and eventually took control of a textile manufacturing firm which he went on convert into a conglomerate. However, he lived solely on his salary of $50,000 per year, and his outside investment income. In 1979, His company began the year trading at $775 per share, and ended at $1,310. His net worth reached $620 million, placing him on the Forbes 400 for the first time. Who ?
A-Warren Buffett
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