The net worth of Warren Buffet is $97 billion.
He is one of the richest people in the world and an astute investor.
Who is Warren Buffet?
- Warren Buffet is considered to be one of the most famous and successful investors in the history of all time.
- If you had ever had a chance to invest $10,000 with Warren Buffet in 1966, then today you would have over $160 million.
- And that same investment of $10,000 in S&P would net you $140,000 today.
- He has pledged to give away 99% of his net worth to charity before he dies.
- From that, a large portion of the money will go to Bill Gates’ foundation.
- This philanthropy of Buffet has inspired many other billionaires to donate at least 50% of their net worth to charity in their lifetime.
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- Warren Buffet was born on August 30, 1930.
- He was born in Omaha, Nebraska.
- He began his education at Rose Hill Elementary School and developed an interest in business at a very young age.
- When he was 7 years of age, he was inspired by the book “One Thousand Ways to Make $1000”.
- After reading this book, he started making his mark and his fortune as well when he was a pre-teen.
- At the age of 10, he had the opportunity to have lunch with someone from the New York Stock Exchange.
- After that, he began setting his goals for his entire life.
- At the age of 11 years, he bought his first stock, and with that money, he successfully ran a pinball machine and had a net worth of $6000, which is today equivalent to $60,000.
- In 1942, his father was elected to the US Congress and, eventually, his entire family moved to the US.
- Later, Buffet attended Alice Deal Junior High School and graduated from Woodrow Wilson High School in 1947.
- During that time, his senior year picture looked like this: “likes math, a future stockbroker.”
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The career of Warren Buffet:
- After graduating from Columbia, he went to work as an investment salesman for his family’s company.
- He also taught a course on investment principles at the University of Nebraska and then purchased a gas station.
- Later, Buffet left his family’s company and joined as a securities analyst for the Graham-Newman Corp.
- Through this, he realized that he needed to take more investment risk than his boss.
- When Graham retired, Buffet bought the business for $174,000, which he had saved while working for Graham-Newman.
- After that, he started Buffet Partnership Limited.
- Over the next three years, he was focused on growing his own business and increased his partners from three to six.
- This number doubled after almost two years, and by the year 1962, he was a bonafide millionaire.
- After taking over Berkshire Hathaway, he began an aggressive series of investments, takeovers, and restructuring moves that saw his assets increase almost exponentially.
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Wealth Details and History:
- His fortune is thanks to an 18% ownership interest in Berkshire Hathaway.
- Between 1965 and 2016, the share price of Berkshire Hathaway increased on an average of 20.8%.
- He owns nearly 300,000 Class A shares and nearly 150,000 Class B shares in the company.
- He also owns shares in other companies such as Wells Fargo, Seritage Growth Properties, and IBM.
- Apart from all these holdings, his Berkshires represent 98% of his total net worth.
- He donates 5% of that stock to charity each summer.
- 99% of Buffet’s net worth was made after he turned 50 years old, thereby proving that age is just a number to achieve anything and everything in life.
Buffet lives in a modest five-bedroom house that he bought in Omaha in 1956 for $31,500.
We hope that you enjoyed reading about Warren Buffet net worth.
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