Warren Edward Buffett born August 30, 1930
The life cycle 6 3
Important years of life
1968 6
1974 3
1977 6
1983 3
1986 6
1992 3
1995 6
2001 3
2004 6
2010 3
2013 6
2019 3
2022 6
2028 3
In 1974, the SEC opened a formal investigation into Buffett and Berkshire’s acquisition of Wesco Financial, due to possible conflict of interest. No charges were brought. In 1977, Berkshire indirectly purchased the Buffalo Evening News for $32.5 million.
Buffett married Susan Buffett (née Thompson) in 1952. They had three children, Susie, Howard and Peter. The couple began living separately in 1977. Susan Thompson (m. 1952; her death 2004)
Children:
Susan Alice Buffett . In 1983, Buffett wed Allen Greenberg, a lawyer for Public Citizen, whom she had met in Washington. The couple divorced in 1995
Howard Graham Buffett
Howard G. Buffett grew up in Omaha, Nebraska with two siblings: sister Susan and brother Peter. He has been active in business, politics, agriculture, conservation, photography, and philanthropy. In August 1977, he married Marcia Sue Duncan.Also in 1977, he began farming in Tekamah, Nebraska. His father purchased the property for $760,000 and charged him rent. He later married Devon Morse, and they had a son, Howard Warren Buffett. Buffett currently resides in Decatur, Illinois, from where he oversees a 1,500-acre (6.1 km2) family farm in Pana, Illinois and three foundation-operated research farms, including over 1,500 acres in Arizona, and 9,200 acres in South Africa. He is an advocate of no-till conservation agriculture.
He is, as of 1992, a director of Berkshire Hathaway, Inc., and President of Buffett Farms
Buffet was Corporate Vice President and Assistant to the Chairman of Archer Daniels Midland Company from 1992 to 1995, Director of Archer Daniels Midland Company from 1991 to 1995, Director of the Board of Directors of The GSI Group from 1995 to 2001, Director of ConAgra Foods from 2002 to 2006, Director of Agro Tech Foods Ltd. until October 26, 2006, and Director at Sloan Implement. He became a Lindsay Corporation director in 1995, served as Chairman for a year from 2002 to 2003. and in 2008, announced he would let his term as a director expire in January 2010
He is, as of 1992, a director of Berkshire Hathaway, Inc., and President of Buffett Farms.
Howard G. Buffett has been a Director of The Coca-Cola Company since December 9, 2010. From 1993 to 2004 he was a director of Coca Cola Enterprises, the world’s largest Coca Cola Bottler
The energy unit of Warren Buffett’s Berkshire Hathaway Inc is nearing a deal to acquire Oncor Electric Delivery Company LLC, allowing the utility to exit a three-year bankruptcy, according to people familiar with the matter.
The deal is a bold bet by Buffett that he can get the deal past Texas regulators after they blocked two earlier attempts to sell Oncor to other companies. It also represents a return to a previously soured investment for Buffet, who in 2013 lost $873 million on his bonds in Oncor’s parent, Energy Future Holdings.
Berkshire Hathaway’s deal, which could be announced by Friday, would value Oncor at slightly less than Florida utility NextEra Energy Inc’s previous $18.4 billion bid, making it Buffett’s third biggest acquisition ever, two people said.
The Wall Street Journal, which reported on the deal earlier, said the deal could be valued at more than $17.5 billion.
The sources asked not to be identified because the deliberations are confidential.
Terry Hadley, a spokesman for the Public Utility Commission of Texas, declined to comment. Oncor did not immediately respond to requests for comment. Berkshire and Energy Future declined to comment.
Any deal for Oncor would have to receive approvals from the judge overseeing Energy Future’s bankruptcy, as well as federal and state regulators.