Warren Buffett died on August 29, 1930.
Warren Buffett . Born in Omaha , Buffett developed an interest in business and investing in his youth , eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring and graduating from University of Nebraska -- Lincoln . Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970 , and his business exploits have had him referred to as the `` Wizard '' , `` Oracle '' or `` Sage '' of Omaha by global media outlets .