"Economy of Omaha, Nebraska The economy of Omaha, Nebraska has served as a major commercial hub in the Midwestern United States since its founding in 1854. Dubbed the ""Motor Mouth City"" by ""The New York Times"", Omaha is widely regarded as the telecommunications capital of the United States. The city's economy includes agriculture, food processing, insurance, transportation, healthcare and education. Warren Buffett of Berkshire Hathaway has lived in Omaha all of his life, as have the ConAgra Foods, Union Pacific Railroad and Mutual of Omaha Companies, and Kiewit Corporation, all Fortune 500 corporations. According to the Nebraska Department of Labor,"
"of Omaha, the 42nd largest in the country, has the fifth-highest percentage of low-income African Americans in the country. Economy of Omaha, Nebraska The economy of Omaha, Nebraska has served as a major commercial hub in the Midwestern United States since its founding in 1854. Dubbed the ""Motor Mouth City"" by ""The New York Times"", Omaha is widely regarded as the telecommunications capital of the United States. The city's economy includes agriculture, food processing, insurance, transportation, healthcare and education. Warren Buffett of Berkshire Hathaway has lived in Omaha all of his life, as have the ConAgra Foods, Union Pacific Railroad"
"largest in the city. From the late 19th century through the 1930s an annual park was held for Omaha's African American community at the park, with as many as 10,000 people attending. The University of Nebraska at Omaha relocated from its North Omaha campus to a parcel next to the park in 1937, sealing the park's size permanently. In the 1940s native Omaha billionaire Warren Buffett set up a golf ball stand at the golf course in the park. Renovated again in 1987, the city spent $100,000 from a bond issue to replace windows and repair restrooms at the pavilion."
"Corporation; insurance and financial firm Mutual of Omaha; and the United States' largest railroad operator, Union Pacific Corporation. Berkshire Hathaway is headed by local investor Warren Buffett, one of the richest people in the world, according to a decade's worth of ""Forbes Magazine"" rankings, some of which have ranked him as high as No. 1. Omaha is also the home to five Fortune 1000 headquarters: Green Plains Renewable Energy, TD Ameritrade, Valmont Industries, Werner Enterprises, and West Corporation. Also headquartered in Omaha are First National Bank of Omaha, the largest privately held bank in the United States; three of the"
"the 38th President. Omaha's rich musical heritage includes legends such as Wynonie Harris, Preston Love, Buddy Miles, Calvin Keys, and Eugene McDaniels. The modern music scene includes the members of 311. The third wealthiest person in the world, Warren Buffett, also lives in Omaha. Native Americans, including Pawnee, Otoe, Sioux, the Missouri and Ioway, have occupied the area for thousands of years. As the city of Omaha has grown, it has thrived from the contributions of people from nations around the world. Early populations to settle in the city included Czechs, Irish, Germans, Italians, and Norwegians, African Americans, Greeks, Poles,"
"Gorat's Gorat's Steak House is a restaurant in Omaha, Nebraska, at 4917 Center Street. It is best known as billionaire Warren Buffett's favorite steakhouse, where he annually holds dinners for the largest investors in his company, Berkshire Hathaway, and entertains business colleagues and CEOs, including Michael Eisner, Bill Gates, and Martha Stewart. Gorat's was founded in 1944 by Louis and Nettie Gorat. It has been one of Omaha's most famous restaurants for the past 60 years. Gorat's is a traditional-style Italian steakhouse which serves pasta dishes, seafood, and chicken, as well as steak. The house specialty is the T-bone steak,"
"which is favored by Buffett, who orders it cooked rare, with a double order of hash browns and a Cherry Coke. There is dancing and live entertainment on Thursdays, Fridays and Saturdays. Gorat's Gorat's Steak House is a restaurant in Omaha, Nebraska, at 4917 Center Street. It is best known as billionaire Warren Buffett's favorite steakhouse, where he annually holds dinners for the largest investors in his company, Berkshire Hathaway, and entertains business colleagues and CEOs, including Michael Eisner, Bill Gates, and Martha Stewart. Gorat's was founded in 1944 by Louis and Nettie Gorat. It has been one of Omaha's"
"First National Bank of Omaha First National Bank Omaha is a subsidiary of First National of Nebraska. It is the largest privately held bank in the United States with $17 billion in assets and 5,000 employees. Chartered and headquartered in Omaha, Nebraska, United States, First National provides corporate banking, investment banking, retail banking, wealth management and consumer lending services at locations in Nebraska, Iowa, Colorado, Texas, Kansas and Illinois. The bank operates a total of 101 branches throughout the midwest. In 1856, a group of settlers from Kanesville, Iowa crossed the Missouri River to picnic in the newly named Nebraska"
"cities in both per-capita billionaires and Fortune 500 companies. With diversification in several industries, including banking, insurance, telecommunications, architecture/construction, and transportation, Omaha's economy has grown dramatically since the early 1990s. In 2001 ""Newsweek"" identified Omaha as one of the top 10 high-tech havens in the nation. Six national fiber optic networks converge in Omaha. Omaha's most prominent businessman is Warren Buffett, nicknamed the ""Oracle of Omaha"", who is regularly ranked one of the richest people in the world. Four Omaha-based companies: Berkshire Hathaway, Union Pacific Railroad, Mutual of Omaha, and Kiewit Corporation, are among the ""Fortune"" 500. Omaha is the"
"Dundee–Happy Hollow Historic District The Dundee–Happy Hollow Historic District is located west of Midtown Omaha, Nebraska. It covers the area between Leavenworth Street on the south, Hamilton Street on the north, Happy Hollow Boulevard on the west, and 46th Street on the east. The ""heart"" of Dundee is located at 50th and Underwood Avenue in Omaha, Nebraska, United States. It was founded in 1880 and annexed into the city in 1915. Dundee is home to Warren Buffett and nationally syndicated editorial cartoonist Jeff Koterba and birthplace of Academy Award-winning filmmaker Alexander Payne. The neighborhood was developed in 1880 and has"
"Benson neighborhood (Omaha, Nebraska) Benson is a historic neighborhood in Omaha, Nebraska. Now a pocket within North Omaha, Benson Place was originally platted in 1887 and was annexed into the City of Omaha in 1917. Erastus Benson was a land speculator, investor and philanthropist who unsuccessfully ran for Mayor of Omaha in 1906. He was an early investor in marketing Thomas Edison's inventions, including the phonograph and the Kinetoscope. In 1887, he purchased approximately of farm land from Edward Creighton, an Omaha businessman. On March 4, 1887, Benson platted the land on the Creighton farm and called it Benson Place,"
"Benson neighborhood (Omaha, Nebraska) Benson is a historic neighborhood in Omaha, Nebraska. Now a pocket within North Omaha, Benson Place was originally platted in 1887 and was annexed into the City of Omaha in 1917. Erastus Benson was a land speculator, investor and philanthropist who unsuccessfully ran for Mayor of Omaha in 1906. He was an early investor in marketing Thomas Edison's inventions, including the phonograph and the Kinetoscope. In 1887, he purchased approximately of farm land from Edward Creighton, an Omaha businessman. On March 4, 1887, Benson platted the land on the Creighton farm and called it Benson Place,"
"Regency (Omaha) Regency is a neighborhood in Omaha, Nebraska. Bound by West Dodge Road, South 96th Street, Pacific Street and Interstate 680, the development was the first major real estate development funded by Mutual of Omaha. Regency is home to a premier office park and the upscale One Pacific Place shopping area, and borders the Westroads Mall. The neighborhood features green space, walking paths along with the Regency Park and Regency Lake and Tennis Club. The neighborhood is also bounded by Omaha's Cancer Survivor's Park. The neighborhood is home to many of Omaha's wealthy citizens, including Vinod Gupta, the founder"
"500 companies. Warren Buffett, nicknamed the ""Oracle of Omaha"", was ranked as the richest people in the world in 2017. Other influential businesspeople in the area include Cathy Hughes, owner of Radio One. Omaha is home to five major shopping malls: Westroads Mall, Crossroads Mall, Oak View Mall, and Village Pointe, an outdoor shopping mall located in far west Omaha. Village Pointe houses some of Omaha's finer national retailers, such as Coach, Inc. and Apple Inc. Shadow Lake Towne Center is another large scale outdoor shopping mall located in the suburb of Papillion. Several smaller scale shopping centers are located"
"buyers, apt to be seduced by our past record and beguiled by the publicity Berkshire and I have received in recent years. The sure outcome: a multitude of investors destined to be disappointed."" Berkshire's annual shareholders' meetings, taking place in the CenturyLink Center in Omaha, Nebraska, are routinely visited by 20,000 people. The 2007 meeting had an attendance of approximately 27,000. The meetings, nicknamed ""Woodstock for Capitalists"", are considered Omaha's largest annual event along with the baseball College World Series. Known for their humor and light-heartedness, the meetings typically start with a movie made for Berkshire shareholders. The 2004 movie"
"Greater Omaha Chamber of Commerce The Greater Omaha Chamber of Commerce is the chamber of commerce in Omaha, Nebraska. When United States Federal Reserve Chairman Ben Bernanke spoke to the Chamber in 2007, his comments were noted for his continued endorsement of globalization. In January 2014, the chamber made headlines for organizing a charity effort tied to Denver Broncos quarterback Peyton Manning. According to an article by ""TIME"", the chamber partnered with several Nebraska-based businesses that agreed to collectively donate $800 every time Manning said ""Omaha"" during the AFC Championship football game on January 19, 2014, against the New England"
"the richest residents of Omaha as Ameritrade founder Joe Ricketts, worth $1.5 billion; Walter Scott Jr. of Peter Kiewit Sons, worth $1.2 billion; and Warren Buffett, then valued by ""Forbes"" magazine at $44 billion. The city ranks fourteenth among the states for philanthropic giving, according to the ""Catalogue of Philanthropy"". In the years after the founding of Omaha, the city's economy grew in cycles. Early success as a transportation hub drew a variety of economic sectors to the downtown area. The early warehousing area was located next to the Missouri River, drawings good from steamboats coming upriver from Kansas City"
"Howard Buffett Howard Homan Buffett (August 13, 1903 – April 30, 1964) was an American businessman, investor, and politician. He was a four-term Republican United States Representative for the state of Nebraska. He was the father of Warren Buffett, the famed American billionaire businessman and investor. Howard Buffett was born in Omaha, Nebraska to Henrietta Duvall Buffett and Ernest P. Buffett, owners of a grocery business. Ernest P. Buffett's paternal ancestors hail from northern Scandinavia. Buffett attended public schools and graduated from the University of Nebraska in Lincoln, Nebraska in 1925. While a student, Buffett was a brother of the"
"billion in assets. In February 2018, ""Forbes Magazine"" listed his personal fortune at US$1.50 billion. In 2015, Klarman was listed as the 15th highest earning hedge fund manager in the world. In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame. He has drawn numerous comparisons to fellow value investor Warren Buffett, and akin to Buffett's notation as the ""Oracle of Omaha,"" he is known as the ""Oracle of Boston."" Seth Andrew Klarman was born on May 21, 1957 in New York City. When he was six he moved to the Mt. Washington area of"
"Mike Johanns, former Governor of Nebraska, former United States Senator, and former United States Secretary of Agriculture; Cathy Hughes, first African American woman to head a publicly traded corporation (Urban One) and currently second wealthiest African American woman; J. Clay Smith Jr., former interim head of the Equal Employment Opportunity Commission, and former dean of Howard University School of Law; and several professional athletes, including Major League Baseball Hall of Fame pitcher Bob Gibson and professional basketball players Kyle Korver, Anthony Tolliver, and Doug McDermott. Creighton University Creighton University is a private, coeducational, Jesuit, Roman Catholic university in Omaha, Nebraska,"
"and history. He has a $20 million home in Southampton, New York. Daniel Och Daniel Och (born 1961) is an American billionaire investor, hedge fund manager, and philanthropist. He is the founder, chairman and former CEO of Och-Ziff Capital Management Group, a global hedge fund and alternative asset management firm. According to ""Forbes Magazine"" he has a net worth of US$3.2 billion (as of February 2017), down from his 2016 net worth of $3.7 billion. Och is the son of Golda and Dr. Michael Och. Och grew up in Maplewood, New Jersey and attended the Solomon Schechter Day School of"
"the city of Hastings, which celebrates the event the second weekend of every August with Kool-Aid Days, and Kool-Aid is the official soft drink of Nebraska. ""CliffsNotes"" were developed by Clifton Hillegass of Rising City. He adapted his pamphlets from the Canadian publications, ""Coles Notes"". Omaha is home to Berkshire Hathaway, whose chief executive officer (CEO), Warren Buffett, was ranked in March 2009 by ""Forbes"" magazine as the second-richest person in the world. The city is also home to Mutual of Omaha, InfoUSA, TD Ameritrade, West Corporation, Valmont Industries, Woodmen of the World, Kiewit Corporation, Union Pacific Railroad, and Gallup."
"have five children. Joshua Harris (businessman) Joshua Harris (born 1965) is an American private equity investor who co-founded Apollo Global Management, one of the world's largest alternative investment firms. Harris is also the principal owner of the New Jersey Devils of the National Hockey League and the Philadelphia 76ers of the National Basketball Association, as well as owning an 18 percent stake in Crystal Palace of the English Premier League. Harris was born to a Jewish family in 1965. He was raised in Chevy Chase, Maryland. He attended high school in Washington D.C at The Field School. Harris is a"
"First National Bank Tower The First National Bank Tower is a 634 ft (193 m), 45-story skyscraper at 1601 Dodge Street in downtown Omaha, Nebraska. Completed in 2002, it is currently the tallest building in the city of Omaha, and in the state of Nebraska, and has been since its completion, overtaking the 478 ft (146 m), 30-story Woodmen Tower located nearby. It was built on the site of the former Medical Arts Building, which was imploded on April 2, 1999 to make way for the current skyscraper. Inside the glass lobby is a large section of the ornamental facade"
"in 2009 to monitor the dotterel population at Omaha. Fundraising of $162,000 by the Trust saw construction of a predator-proof fence completed in August 2012 helping to protect the birds, their chicks and eggs from predation by cats, rats, stoats, wessels and hedgehogs. Omaha is the permanent home of over 200 families. Former Prime Minister and National Party leader John Key has owned property in Omaha for over 20 years. New Zealand fashion designer Trelise Cooper also has a property at Omaha as does former television presenter Louise Wallace. Omaha has a boat ramp, surf club, an 18 hole golf"
"First National Bank Park, which includes a large public art display and fountain. There is also bench seating. First National Bank Tower The First National Bank Tower is a 634 ft (193 m), 45-story skyscraper at 1601 Dodge Street in downtown Omaha, Nebraska. Completed in 2002, it is currently the tallest building in the city of Omaha, and in the state of Nebraska, and has been since its completion, overtaking the 478 ft (146 m), 30-story Woodmen Tower located nearby. It was built on the site of the former Medical Arts Building, which was imploded on April 2, 1999 to"
"Kiewit Plaza Kiewit Plaza is a high-rise office building in Omaha, Nebraska, U.S.. It is located at 3555 Farnam Street at the corner of S 36th Street. It was built from 1960 to 1961, and it was designed in the modernist architectural style. It has been home to the headquarters of Peter Kiewit and Sons and Berkshire Hathaway since 1962 when Warren Buffett dissolved his six partnerships into one partnership headquartered in this building. It is named after Peter Kiewit's construction company, Peter Kiewit Sons', a company considered to be one of the most profitable construction company in the world"
"Nebraska State Senator Ernie Chambers, and author Tillie Olsen. Singer Wynonie Harris, saxophonist Preston Love and Buddy Miles all have called North Omaha home. Businesswoman Cathy Hughes is from North Omaha. The community has also had several sports stars, including baseball player Bob Gibson, football player Johnny Rodgers, actress Gabrielle Union, actor John Beasley, Houston Texans running back Ahman Green, and basketball player Bob Boozer. History of North Omaha, Nebraska The history of North Omaha, Nebraska includes wildcat banks, ethnic enclaves, race riots and social change spanning over 200 years. With a recorded history that pre-dates the rest of the"
"the Leon and Toby Cooperman Family Foundation pledged $25 million to the Saint Barnabas Medical Center for the construction of a new 200,000 square-foot Cooperman Family Pavilion. He is on the board of the Damon Runyon Cancer Research Foundation. Leon G. Cooperman Leon G. ""Lee"" Cooperman (born April 25, 1943) is an American billionaire investor, hedge fund manager, and philanthropist. He is the chairman and CEO of Omega Advisors, a New York-based investment advisory firm managing over $3.3 billion in assets under management, the majority consisting of his personal wealth. On September 21, 2016 the U.S. Securities and Exchange Commission"
"Borsheim's Fine Jewelry Borsheim's Fine Jewelry ( ; frequently abbreviated without an apostrophe as Borsheims) is a jewelry store in Omaha, Nebraska. The store was founded in 1870, and has been a subsidiary of Berkshire Hathaway since 1989. Louis Borsheim started Borsheims in downtown Omaha in 1870. The business was sold to Louis Friedman and his son Ike in 1955. Both owners retained the Borsheims name. In 1986, Borsheims moved to the Regency Court Mall. In 1989, investor Warren Buffett purchased a majority of Borsheims stock, making it part of his holding company, Berkshire Hathaway. Borsheims is led by Karen"
"Leon G. Cooperman Leon G. ""Lee"" Cooperman (born April 25, 1943) is an American billionaire investor, hedge fund manager, and philanthropist. He is the chairman and CEO of Omega Advisors, a New York-based investment advisory firm managing over $3.3 billion in assets under management, the majority consisting of his personal wealth. On September 21, 2016 the U.S. Securities and Exchange Commission charged Cooperman and Omega Advisors with insider trading, more specifically for ""trading stocks, bonds and call options of Atlas Pipeline Partners in July 2010 on information he obtained from an executive at the company."" Cooperman has denied these charges"
"WoodmenLife Tower WoodmenLife Tower, now Woodmen Tower, is a 478-ft (146-m) high-rise building at 1700 Farnam Street in downtown Omaha, Nebraska, and headquarters of WoodmenLife insurance company. Construction began in 1966, with the tower being completed in 1969. The skyscraper rises 30 stories and was the tallest skyscraper in both Omaha and Nebraska for over 30 years, until the construction of the First National Bank Tower. The building was featured prominently in the 2002 film ""About Schmidt"", where the titular character Warren Schmidt (Jack Nicholson) was employed. The Woodmen Tower also replaced several buildings in historic downtown, including the Old"
"theatre club The Colony Players class of 1999. Current Creighton University starting point guard Austin Chatman played for The Colony High School. Years of planning work by city leaders have translated into a strong pace of economic and community development in The Colony. Nebraska Furniture Mart broke ground September 25, 2012, on a $1.5 billion, 433-acre complex along State Highway 121 between Plano Parkway and West Spring Creek Parkway. The Omaha-based furniture retailer is owned by Warren Buffett's Berkshire Hathaway, Inc. The complex is anchored by a 1.86 million-square-foot Nebraska Furniture Mart building, and includes a 600,000-square-foot showroom. The footprint"