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Warren Buffett shares 7 simple rules to follow for young people who want to become rich. He elaborates on the 8th wonder of the world - compound interest - and explains a few other life-changing concepts that, if implemented at a young age, will yield incredible financial (and not only) results. Warren E. Buffett is an American investor, philanthropist, business tycoon, and the chairman & CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over 100 billion dollars. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth and made truly incredible stock market returns over his career.