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<ul><li>Wall Street legend Warren Buffett turned 90 years old and <keyword id="45830" type="PERSON" weightage="20" keywordseo="Bill-Gates">Bill Gates</keyword> wrote him an emotional note.</li><li>Bill Gates wished Buffett on his birthday with a special Oreo cake bearing Buffett’s face and a written tribute on his blog.</li><li>Here are some of the unique facts that you should miss about Buffett’s and Gates’ 29 years-old friendship.</li></ul>The business tycoon Warren Buffett turned 90 years old yesterday. His close friend and billionaire Bill Gates wished him on his birthday with a special Oreo cake bearing Buffett’s face and a written tribute on his blog’ Gates Notes’. “It’s hard to believe that my close friend is entering his tenth decade,” <a href="https://www.gatesnotes.com/About-Bill-Gates/Happy-90th-Warren?WT.mc_id=20200830080000_Happy-90th-Warren_BG-TW_&amp;WT.tsrc=BGTW">Gates said in his blog</a>. “Warren has the mental sharpness of a 30-year-old, the mischievous laugh of a 10-year-old, and the diet of a 6-year-old. He once told me that he looked at the data and discovered that first-graders have the best actuarial odds, so he decided to eat like one. He was only half-joking,” He added on his blog. <div type="twitter" handle="BillGates" handlename="Bill Gates" image="http://pbs.twimg.com/profile_images/988775660163252226/XpgonN0X_normal.jpg" favoritecount="89301" retweetcount="13900" status="Happy 90th birthday, Warren! https://t.co/8nH2EulTR4" createdat="1598805474000" id="1300110509455282176"></div> These are some of the unique facts revealed by the Microsoft founder about his 29 years-old friendship with Buffett: <ul><li>Warren and Bill Gates love numbers. Bill Gates, on his blog, said “I couldn’t possibly list all the interests Warren and I share. But one thing we discovered the first time we met is that we both love math and numbers.” He further shared various numbers and their importance. </li><li>According to Bill Gates, It has been more than “10,649” days since he met Buffett on July 5, 1991. He also shared number “2” on his blog and said that the number is special because he had set “Melinda’s and Warren’s” number on speed dial “2” at his office. </li><li>Warren and Bill Gates love the book ‘Business Adventures’ by John Brooks. When Buffet and Gates first met, Buffet lent his copy of Business Adventures to Gates, and since then it became Gates favourite book. “Business Adventures remains the best business book I’ve ever read,” Bill Gates told <a href="https://www.wsj.com/articles/bill-gatess-favorite-business-book-1405088228">The Wall Street Journal.</a> </li><li>“Although Warren works incredibly hard, he always leaves time for extracurricular activities. Here he is throwing out the first pitch at an Omaha Royals minor-league baseball game, and guest-starring on an episode of All My Children opposite Susan Lucci and Jill Larson,” Gates wrote.</li><li>On his blog, Gates recalled how Warren explained to him the meaning of friendship when they both were talking to some college graduates. “Make some good friends, keep them for the rest of your life, but have them be people that you admire as well as like. A person that I admire as well as like—that’s the perfect description of how I feel about Warren. Happy birthday, my friend” Gates signed off on his blog.</li></ul> SEE ALSO: <a href="https://www.businessinsider.in/business/news/indian-pm-lauded-a-bunch-of-businesses-like-paytm-chingari-koo-ask-sarkar-kutukikids-reliance-jio-patanjali-zoho-workplace-for-their-success-/slidelist/77845896.cms" data-type="tilCustomLink">From Chingari to Zoho Corp⁠— all the businesses that can boast of accolades from Prime Minister Modi</a> <a href="https://www.businessinsider.in/business/news/indian-pm-lauded-a-bunch-of-businesses-like-paytm-chingari-koo-ask-sarkar-kutukikids-reliance-jio-patanjali-zoho-workplace-for-their-success-/slidelist/77845896.cms" data-type="tilCustomLink"></a><a href="https://www.businessinsider.in/retail/news/ambani-vs-damani-indias-635-billion-retail-ring-will-see-the-countrys-two-richest-men-battle-with-different-strategies/articleshow/77846555.cms" data-type="tilCustomLink">Ambani vs Damani ⁠— India’s $635 billion retail ring will see the country’s two richest men⁠ battle with different strategies</a><a href="https://www.businessinsider.in/retail/news/ambani-vs-damani-indias-635-billion-retail-ring-will-see-the-countrys-two-richest-men-battle-with-different-strategies/articleshow/77846555.cms" data-type="tilCustomLink"></a><a href="https://www.businessinsider.in/retail/news/ambani-vs-damani-indias-635-billion-retail-ring-will-see-the-countrys-two-richest-men-battle-with-different-strategies/articleshow/77846555.cms" data-type="tilCustomLink"></a>

Here are some unique facts about billionaires Warren Buffett and Bill Gates' 29-year old friendship

<ul class="summary-list"><li><a href="https://www.businessinsider.com/category/warren-buffett">Warren Buffett</a> is the third-richest person in the world and has a <a href="https://www.forbes.com/profile/warren-buffett/#3eecfeaa4639">net worth of $86 billion</a>. </li><li>He's also one of the most frugal <a href="https://www.businessinsider.com/category/billionaires">billionaires</a>, known for his <a href="https://www.businessinsider.com/warren-buffett-investing-advice-falling-stock-prices-bear-market-2018-12">practical investing strategies</a> and modest lifestyle. </li><li>The CEO and chairman of <a href="https://www.businessinsider.com/category/berkshire-hathaway">Berkshire Hathaway</a> still lives in the house he bought in the 1950s, which is now worth over $652,000.</li><li>Watch the video above to learn how Buffett makes and spends his money.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories.</a> </li></ul>Following is a transcript of the video.Narrator: In 2018, Warren Buffett's net worth stood at $88 billion, making him the third-richest person in the world. But Buffett doesn't spend like his billionaire peers. He lives in the same house he bought in the '50s and doesn't make lavish purchases. He's even portrayed as frugal in his cameo in "The Office."Warren Buffett: Can you do any better on salary?Jim: Unfortunately, that range is set at corporate.Buffett: What about mileage when I use my car? I mean, gas ain't cheap, you know.However, the 88-year-old is regarded as one of the most generous philanthropists on the planet. Since 2000, he's donated $46 billion to various causes. So here's how Warren Buffett spends, or doesn't spend, his billions.Narrator: He had a penchant for making money at a young age. Buffett is the son of a US congressman, and he bought his first stock when he was just 11 years old. As a teen, he delivered newspapers and pulled in $175 a week. At the time, that was more than his teachers. He also buffed cars, sold used golf balls and stamps, and by age 16, he had amassed $53,000.He earned most of his wealth after his 50th birthday. 99% of his wealth is connected to Berkshire Hathaway, a conglomerate that owns companies including Geico, Duracell, and Dairy Queen along with large investments in Coca-Cola, Heinz, and Bank of America. As the company's chairman and CEO, Buffett became one of the most successful investors of all time. He's been dubbed The Oracle of Omaha for his ability to beat the market with a philosophy called value investing. Buffett looks to take large ownership stakes in companies that have a well-performing stock and are consistently profitable.Imagine this, for example: If you invested $100 in Berkshire Hathaway's stock in 1965, when The Oracle took over, it would be worth $2.4 million in 2017. If you invested the same amount at the same time in the S&amp;P 500, you'd only have $15,600. His sage investing has helped him rack up a net worth greater than the GDP of Uruguay.So what does Warren Buffett spend his massive fortune on? He bought his house in Omaha, Nebraska, in 1958 for $31,500. Adjusted for inflation, that would be about $276,700 today. As of 2017, the five-bedroom, two-and-a-half bathroom home is worth over $652,000. Buffett calls it the third-best investment he ever made. In 1971, he bought a vacation home in Laguna Beach, California, for $150,000. Forty-seven years later, he sold it for $7.5 million. And his cars are as modest as his houses. In 2006, he drove a Cadillac DTS, which had a starting price of $42,000. He replaced it in 2014 with a Cadillac XTS, which originally started at $44,600. The same goes for his tech. Even though Apple stock is a major part of Berkshire Hathaway's portfolio, Buffett still uses a flip phone that he showed off on CNN.Buffett: This is the one Alexander Graham Bell gave me.Narrator: A typical day for the peculiar billionaire goes like this. He puts on one of his 20 suits designed by his friend, Madam Li. He gets the suits for free but says he wears them because they fit perfectly. During his drive to the office, he stops at McDonald's and spends at most $3.17 on breakfast. He spends 80% of the day reading and drinks five Cokes throughout the day.Buffett: ♪ I'd like to buy the world a Coke ♪ ♪ And keep it company ♪ Boy, that is the real thing.Narrator: He's known for having the diet of a 6-year-old and even sometimes eats ice cream for breakfast. He does have one expensive indulgence though: a private jet.Charitable giving accounts for most of his spending. In 2016, he donated $2.9 billion to charities including the Bill and Melinda Gates Foundation and the Susan Thompson Buffett Foundation, which is named for his late wife. Through the Susan Thompson Buffett Foundation, he has donated tens of millions to Planned Parenthood and the National Abortion Federation. In 2018, he made another big donation to the Bill and Melinda Gates Foundation, this time, $2.6 billion in Berkshire Hathaway stock. A week later, he donated $800 million to other various charities.When he passes, he plans on leaving $2 billion for each of his children. The rest of his estate will be donated to philanthropic causes. Despite his affluence, Buffett doesn't think money equals success. Instead, he said, "I measure success by how many people love me."

Warren Buffet, the third-richest person in the world, is also one of the most frugal billionaires. Here's how he makes and spends his fortune.

<ul class="summary-list"><li>Chinese social media is treating Charlie Munger, who died at 99 on Tuesday, with great reverence.</li><li>Weibo, which is often filled with anti-US messages, was flooded with tributes to Munger.</li></ul>As Wall Street mourns the <a target="_blank" href="https://markets.businessinsider.com/news/stocks/charlie-munger-dies-warren-buffett-obituary-berkshire-hathaway-stock-market-2023-11?_gl=1*17cmly0*_ga*NjA2OTAyMzI4LjE2NTUwODIyODk.*_ga_E21CV80ZCZ*MTcwMTIyMjY0MS4xMTY2LjEuMTcwMTIyNTAyNS41Ni4wLjA.">death of investing legend Charlie Munger</a>, Chinese social media is tipping its hat to the man.A collective sense of awe toward the <a target="_blank" href="https://www.businessinsider.com/charlie-munger-berkshire-hathaway-greg-abel-warren-buffett-2023-11">longtime Berkshire Hathaway lieutenant</a> has accumulated on Weibo — China's version of Twitter — for both his age and knack for growing wealth.Though Munger, who died on Tuesday, has in recent years applauded some of China's policies and crackdowns, it was his wisdom and maxims that took center stage on Weibo.Praise for American figures and notaries amid rising US-China tensions is becoming rare on Weibo, which is heavily moderated and often aligns with the central government's views.The Paper, a state-owned media outlet, <a target="_blank" href="https://s.weibo.com/weibo?q=%23%E8%8A%92%E6%A0%BC%E5%8E%BB%E4%B8%96%23">published a list</a> of Munger's "top 10 investment principles," which were more akin to guidelines for life. Sina Finance, a news arm of one of China's largest tech firms, <a target="_blank" href="https://weibo.com/1638782947/NuL3t6aJb?refer_flag=1001030103_">posted a similar list.</a>Comments and posts about Munger hit 290 million views just hours after the announcement of his death, and the count is rising rapidly, per data seen by Business Insider.Most hailed Munger as a centenarian and a man who oversaw a large, multigenerational family. He died one month before what would have been his 100th birthday."He was a hundred years old, wise and wealthy, a master of investment, children and grandchildren aplenty, and passed away peacefully," wrote <a target="_blank" href="https://weibo.com/5611061334/NuLbQAFf4?refer_flag=1001030103_">financial blogger "Investing Logically.</a>" "A real winner in life, I'll pay tribute to his wisdom.""Live long, be rich, have children and grandchildren, what a perfect life," wrote another user <a target="_blank" href="https://weibo.com/2868676035/NuKhSAEtu?refer_flag=1001030103_">under a news report about his death</a>."The wise man has passed away. Thank you, Munger, for your selfless sharing of life's wisdom," another wrote with a crying emoji.Munger, who amassed a net worth of around $2.3 billion, had a reputation for <a target="_blank" href="https://markets.businessinsider.com/news/stocks/charlie-munger-quotes-acquired-podcast-buffett-gambling-vc-brands-birthday-2023-11?_gl=1*1ckvhkc*_ga*NjA2OTAyMzI4LjE2NTUwODIyODk.*_ga_E21CV80ZCZ*MTcwMTIyMjY0MS4xMTY2LjEuMTcwMTIyNjYyNS4zMC4wLjA.">witty one-liners </a>on life, geopolitics, business, and governance.He is known for being Warren Buffet's right-hand man, and for helping to grow Berkshire Hathaway from a Nebraska textile company into a nearly $800 billion empire.Munger drew attention in the last few years for praising China and its economic boom, <a target="_blank" href="https://edition.cnn.com/2021/11/03/business/munger-china-economy/index.html">saying in 2021</a> that Beijing's communist party had been "smarter about handling booms than capitalist America."And when Chinese leader Xi Jinping punished Alibaba mogul Jack Ma over his criticism of the government, Munger said the <a target="_blank" href="https://edition.cnn.com/2021/06/30/investing/charlie-munger-china-berkshire-hathaway-warren-buffett/index.html">"Communists did the right thing"</a> because Ma had overstepped."I certainly would like to have the financial part of it in my own country," Munger said, when asked if he wanted any of China's system replicated in the US.Munger, who was <a target="_blank" href="https://markets.businessinsider.com/news/stocks/charlie-munger-investing-advice-key-daily-habit-behind-billionaire-status-2023-11?_gl=1*1n21g4z*_ga*NjA2OTAyMzI4LjE2NTUwODIyODk.*_ga_E21CV80ZCZ*MTcwMTIyMjY0MS4xMTY2LjEuMTcwMTIyNzA5NC41NC4wLjA.">outspoken against cryptocurrencies</a>, also lauded China's main bank for banning crypto in 2021.He lamented souring US-China relations in May, saying both Washington and Beijing were "equally guilty of being stupid" by antagonizing each other.One of Berkshire Hathaway's most prominent Chinese investments is BYD, the EV maker rivaling Elon Musk's Tesla.But it has repeatedly reduced its shares in the Shenzhen-based firm, <a target="_blank" href="https://markets.businessinsider.com/news/stocks/byd-stock-sales-warren-buffett-berkshire-hathaway-china-ev-munger-2023-11">slashing its stake</a> from 25% in 2008 to less than 8% in October.

In death, Charlie Munger is loved by China

Good morning and welcome to your weekday morning roundup of the top stories you need to know.For more daily and weekly briefings, <a href="https://www.businessinsider.com/subscription/newsletter">sign up for our newsletters here</a>.What's going on today:<ul><li>3 Wuhan lab workers were sick enough to be hospitalized in November 2019, triggering calls for a larger probe into COVID-19 lab origin possibility: WSJ. <a href="https://www.businessinsider.com/3-wuhan-lab-workers-hospitalized-fall-2019-coronavirus-covid-origin-2021-5">The Wuhan Institute of Virology hasn't released raw data or lab records on its work with coronaviruses in bats but called the Journal report "complete lies."</a></li><li>The "Warren Buffet of Japan" cools on the Olympics. <a href="https://www.businessinsider.com/masayoshi-son-softbank-cancel-tokyo-olympics-2021-5" target="_blank" rel="noreferrer noopener">Masayoshi Son, the CEO of SoftBank and the 2nd-richest person in Japan, joins the growing chorus of voices calling to cancel the Tokyo Olympics</a>. Currently, more than 80% of people want the Olympics to be postponed or canceled. On what authority is it being forced through?" Son wrote on Twitter on Saturday.</li><li>Belarusian authorities diverted a passenger jet and forced it to land, then arrested a journalist on board. <a href="https://www.insider.com/international-outrage-after-belarus-diverted-plane-and-arrested-journalist-2021-5">The plane from Athens to Lithuania was diverted after a bogus bomb threat. When it landed, Minsk authorities arrested a journalist on the flight. </a></li><li>An Olympic gymnast came out of a 9-year retirement to compete in the US Classic after having two kids and ahead of her 33rd birthday. <a href="https://www.insider.com/gymnast-comes-out-of-retirement-to-compete-is-us-classic-2021-5">32-year-old Chellsie Memmel, a 2005 world all-around champion and a 2008 Olympic Games silver medalist, retired from the sport in 2012.</a></li><li>A Florida doctor died of COVID-19 complications in January. <a href="https://www.insider.com/baseball-card-collection-worth-millions-doctor-died-covid-2021-5">He left his baseball card collection, which includes a 1933 Babe Ruth card, to his family. It's expected to fetch at least $5 million at auction.</a></li><li> </li></ul> That's all for now. See you tomorrow.

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Here are some unique facts about billionaires Warren Buffett and Bill Gates' 29-year old friendship

Navdeep Yadav

Warren Buffet, the third-richest person in the world, is also one of the most frugal billionaires. Here's how he makes and spends his fortune.

Katya Kupelian,Steve Cameron

In death, Charlie Munger is loved by China

Matthew Loh

Top Stories this AM: Belarus' 'state terrorism'; Wuhan lab hospitalizations; Masa Son questions Olympics

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