The following paper is going to look into the profiles of four unique individuals – two entrepreneurs and two economists, who have contributed each quite substantially to the US economy. They are entrepreneurs Warren Buffet and Oprah Winfrey, and economists Allan Greenspan and Carla Anderson Hills. American Financier, capitalist and philanthropist, Warren Edward Buffet was born on the 30th day of the month of August, 1930 in Omaha, Nebraska (Robert 250). His mother’s name was Leila and his father who was a stock broker and proceeded to become a congressman was Howard Buffet.
Warrant is highly regarded as an investment guru. He is the chairman and Chief Executive Officer of Berkshire Hathaway (Ibid 252). Mr. Buffet graduated from the University of Nebraska and then proceeded to Colombia Business School to pursue a Masters in Economics in 1950 (Michael & John 258). After graduating from Columbia in 1951, Warren worked with several companies between that year up to 1970 when he chaired Berkshire Hathaway Inc. , a textile company he had discovered in 1962 at $7. 60 per share purchasing (Robert 257). Mr.
Warren Buffet has contributed enormously to the US economy through huge amounts of investment in what were major undervalued companies and are today leading market players (Michael & John 260). For example, Coca-Cola, Gillette and American Express companies just to mention a few. Moreover, Berkshire Hathaway Inc. has a number of subsidiaries some of which include among others the United States Liability Insurance Group and Borsheim’s Fine jewellery (Ibid 262). The success of his company and ventures has made him a world wide phenomenon, a multibillionaire with an estimate worth of $62 billion as of this year (Robert 265).
He is also a renowned patron and announced his intentions to donate over 80% of his wealth to the Bill and Melinda Gates Foundation, with the rest distributed to various other charities (Ibid 266). Warren has three children; Susie, Howard and Peter Buffet from his first wife, Susan Buffet (Michael & John 262). Oprah Gail Winfrey, commonly referred to simply as Oprah, is a true rags-to-riches story. Born January 29 1954 in Kosciusko, rural Mississippi to unwed parents, she is today regarded as one of the most, if not the most influential woman in the world (Adler 100).
Her earlier life as a child was filled with much turmoil. , abuse and poverty, but today Oprah has much more than compensated for this (Ibid 105). Today, Oprah hosts a multiple Emmy Award winning TV show, The Oprah Winfrey Show. Added to this, she also has an international following on her online Oprah’s Book Club, a radio channel with XM Satellite Radio – Oprah & Friends, two monthly magazines O, The Oprah Magazine and O at Home and already under construction next to her Harpo studios is a new store that she is scheduled to launch upon completion of its construction (Michael & John 264).
Her portfolio is littered with innumerable accomplishments. In 1985 Oprah co-starred in Steven Spielberg’s classic motion picture version of Alice Walker’s award-winning novel The Color Purple as the character of Sofia (Adler 124). Needless to say, she is an accomplished actress. More notably Oprah Winfrey is a philanthropist. Her Angel Network Foundation has donated millions of dollars towards worthwhile projects carried out by both individuals and organization (Michael & John 260). The foundation for example, built an entire neighborhood estate for victims of 2005 Hurricane Katrina (Adler 135).
Most recently, Oprah opened a $40 million leadership Academy for Girls in South Africa (Ibid 147). Immediate former Chairman of the Federal Reserve Alan Greenspan was born on March 6th, 1926, New York City. Mr. Greenspan served as the chairman of the Board of Governors of the Federal Reserve for close to two decades, that is, between 1987 – 2006 (Alan 500). In this period Mr. Greenspan served in four different administrations which include Ronald Reagan, George H. W. Bush, Bill Clinton and George W. Bush (Ibid 520).
Alan Greenspan was a shrewd leader and economist. His ability was first put to test when two months after his confirmation he was faced with a major crisis at hand – the 1987 stock market crash (The Economic Journal 230). The former reserve chairman was popularly known for giving very complicated speeches (Alan 537). Originally, Greenspan was a logical empiricist – a discipline of philosophy that encompasses empiricism, a brand of rationalism and logic – linguistic assembles and presumptions in epistemology (The Economic Journal 231).