How a $500 Investment Turned into $60 Million

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I was reading the book Buffettology and came across this story of Rose Blumkin (aka Mrs. B). She was the founder of Nebraska Furniture Mart. Warren Buffett and Berkshire Hathaway eventually purchased this company and it’s still profiting for them today.

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Rose Blumkin was the founder of Nebraska Furniture Mart who sold the business to Warren Buffett of Berkshire Hathaway. Blumkin grew that business to become the largest indoor furniture store in America and eventually sold 90% of the business to Buffett in 1983 for $60 million. Rose Blumkin turned her initial $500 into $60 million.

h/t dmwes4


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