Warren Buffett Purchased A Business For $60 Million That Was Started With Just A $500 Investment — The Founder 'Never Went To School A Day In Her Life' And Barely Spoke English, But Buffett Says She Would 'Run Rings Around' Top Executives And CEOs

Warren Buffett, the esteemed billionaire investor and head of Berkshire Hathaway Inc., once made a strategic acquisition that underscores the value of entrepreneurial spirit and shrewd business acumen. In 1983, Buffett purchased 90% of Nebraska Furniture Mart (NFM), a company started with a $500 investment, for approximately $60 million. The founder of NFM, Rose “Mrs. B” Blumkin, demonstrated extraordinary capability in growing her business from humble beginnings to a national leader in the home furnishings industry.

Blumkin's journey from a small village near Minsk, Belarus, to the pinnacle of American retail is both inspiring and instructive. Arriving in the United States without money, formal education or the ability to speak English, she showcased determination and business savvy. “Never went to school a day in her life,” Buffett said during a 2019 interview with CNBC's "Squawk Box."

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