Warren Buffett |  Photo Credit: AP

American investor, business tycoon, and philanthropist Warren Buffett who is the chairman and CEO of Berkshire Hathaway is currently the fourth richest person in the world with an estimated net worth of 88.9 billion USD.

Known as the "Oracle of Omaha," Warren Buffett - the most successful investors of all time - runs Berkshire Hathaway, which owns more than 60 companies. This group of companies includes insurer Geico, battery maker Duracell and restaurant chain Dairy Queen, among others.

If you need advice in life, be it on how to run your finances or relationships, Warren Buffett's utterances and quotes go a long way in offering guidance. Remember, this man who turns 90 in August had first bought the stock at age 11 and by the time he turned 13, he was a tax-payer. He has led a frugal lifestyle despite rolling in riches continuously. He eats simply and lives in the same house he purchased in 1958.

In fact, in 2020, Buffett and Bill Gates launched the Giving Pledge, asking billionaires to commit to donating half their wealth to charitable causes. Buffett practices what he preaches and so in year 2019, he had already donated $3.6 billion, much of it to the foundation of friends Bill and Melinda Gates.

Here are 5 gems of advice from Warren Buffett for anyone wanting to live a happy life.

The views expressed by the author are personal and do not in any way represent those of Times Network.

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Five advices from Warren Buffett that can help you win and succeed in business and personal life - Times Now