Warren Edward Buffett (born August 30, 1930) is a wealthy American investor and businessman. Nicknamed the "Oracle of Omaha" or the "Sage of Omaha", Buffett has amassed an enormous fortune from astute investments, particularly through his company Berkshire Hathaway, in which he holds a greater than 38% stake. With an estimated current net worth of around $42 billion, he is ranked by Forbes as the second-richest person in the world, behind only Microsoft chairman Bill Gates.
Despite his immense wealth, Buffett is famous for his unpretentious and frugal lifestyle. He continues to live in the same house in Omaha he bought in 1957 for $31,500. His chairman's salary from Berkshire Hathaway of $100,000 per annum is extremely modest by corporate American standards.