He's the chief executive of Berkshire Hathaway, a multinational conglomerate with a plethora of subsidiary companies.
On the 2014 Forbes Billionaires List, he placed at number four, with an aggregate net worth of $65.9 billion as at July 8.
At 83 years old, he was born shortly after the infamous 1929 stock market crash and has built up an impressive wealth of knowledge since (excuse the pun).
For those about to foray into first-time property investment, some inspiration can be drawn from Warren Buffett.
Who is Warren Buffett?
Warren Buffett is one of the most well-known American investors, building a strong profile for himself as a savvy wealth-creator.
Acting as the chief executive of Berkshire Hathaway, Mr Buffet's source of wealth is considered "self made" by Forbes. Rather than inheriting a fortune, this prominent investor is a shining example of how capitalism offers opportunities for massive wealth creation.
That said, strategy is important - and there's no-one who knows this quite like Mr Buffet.
In 2012, he made Time's World's 100 Most Influential People list, with words to his credit written by incumbent American President Barack Obama.
Since investing around $120 in three shares of Cities Service Preferred, this savvy investor has turned his fortunes around to dizzying heights, according to Mr Obama's piece in Time.
"His shares recovered, he sold them for a small profit, and he has spent the seven decades since in a relentless search for value," Mr Obama stated.
It's this search for value that makes Mr Buffet a source of inspiration for those considering investing in property. When building a property portfolio, understanding the potential pitfalls and bold benefits is essential. Of course, there are different ways to find value - from focusing on cash-flow positive properties to hunting for dwellings that promise strong capital gains.
What's Warren Buffet's investment style?
Mr Obama outlined Mr Buffet's approach as one that's carefully measured - and consistent:
"He's sought companies with real promise and invested with integrity".
Rather than jumping on the bandwagon of financial trends, this investment guru has cast fads aside in favour of his own judgement and knowledge of what works when investing. With a truly massive aggregate net worth, his calculated and disciplined approach is certainly nothing to scoff at.
Mr Buffet provides a letter to Berkshire Hathaway's shareholders on an annual basis - and often, these letters possess valuable nuggets of advice.
Take his 1989 letter, for instance. Though it might be a quarter of a century old, the advice contained within is still valuable to this day.
"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price," Mr Buffet stated.
"Good jockeys will do well on good horses, but not on broken-down nags."
In later years, this investor extraordinaire has proffered further advice.
Mr Buffet is audacious - and a little bit cheeky - about the goals of Berkshire Hathaway. In his 2013 letter to the company's shareholders, he discussed the company's acquisition of Heinz - a brand famously known for its ketchup, among other fast-moving consumer goods.
"[Along with] Heinz, Berkshire now owns eight and a half companies that, were they stand-alone businesses, would be in the Fortune 500," he noted.
Then, he boldly continued: "Only 491 and a half to go."
In the same letter, Mr Buffet outlined some of his investment tips, which he called fundamental.
"You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your limitations and follow a course certain to work reasonably well," he stated.
For those heading down the road of real estate investment, intimate knowledge of individual property markets is less important than the willingness to obtain the appropriate advice from industry professionals. From there, developing an investment strategy will become a lot more streamlined.
In his 2013 shareholder letter, Mr Buffet acknowledged the role that Benjamin Graham's 1949 book 'The Intelligent Investor' had on him.
"I can't remember what I paid for that first copy of 'The Intelligent Investor'. Whatever the cost, it would underscore the truth of Ben's adage: Price is what you pay, value is what you get. Of all the investments I ever made, buying Ben's book was the best (except for my purchase of two marriage licenses)."
