Warren Buffett is one of the world’s wealthiest men and possibly the greatest investor of all time. Warren Buffett’s net worth is $125 billion as of this writing.
Many people see Warren Buffett as the most famous and successful investor in history. If you had put $10,000 in Warren Buffett’s hands in 1966, you would now be worth nearly $160 million! The same $10,000 would be worth $140,000 if it were put in the S& P 500.
Before he dies, Warren Buffett has promised to donate 99 percent of his fortune to charity. Bill Gates’ foundation will receive a big share of the funds. Buffett’s philanthropy has motivated other billionaires to donate at least half of their fortune to charity during their lifetimes, which is a truly extraordinary achievement.
Warren Buffett was born in Omaha, Nebraska, on August 30, 1930. He is the only son of Leila and Congressman Howard Buffett and the second of three children. Rose Hill Elementary School was where Buffett began his studies.
Buffett’s interest in business and investment began when he was a child. He was motivated by a book called “One Thousand Ways to Make $1000,” which he borrowed from the library when he was seven years old.
Buffett began making his name and riches when he was a child. He had lunch with someone from the New York Stock Exchange when he was ten years old and began setting his life ambitions. Buffett realized after that lunch that he wanted his life to revolve around money. He acquired his first stock a year later when he was 11 years old.
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He had a paper route and used the proceeds to purchase farms in Oklahoma. He was running a thriving pinball machine business and had a net worth of around $6,000 when he was a senior in high school, which is roughly $60,000 today.
Warren attended Alice Deal Junior High School and Woodrow Wilson High School in Washington, D.C., after his father was elected to the first of four terms in the United States Congress in 1942. After moving with his family to Washington, D.C., Warren attended Alice Deal Junior High School and Woodrow Wilson High School, where his senior yearbook picture reads: “likes math; a future stockbroker.”
Buffett enrolled in the University of Pennsylvania’s Wharton School in 1947. Warren enrolled for two years and became a member of the Alpha Sigma Phi fraternity. He went on to the University of Nebraska, where he earned a Bachelor of Science in Business Administration.
Buffett applied to Harvard Business School but was turned down. Buffett enrolled in Columbia University’s Graduate School of Business. In 1951, he graduated from Columbia University with a Master of Science in Economics.
- When he was 11, he bought his first stock, which was worth $60,000 by the time he was 16.
- He still resides in a modest Omaha home he purchased for $31,500 in 1956.
- When he was 30, his net worth surpassed $1 million for the first time.
- After his 50th birthday, he earned 99 percent of his net worth.
- When he was 56, his net worth surpassed $1 billion for the first time.
- Has never sent more than one email
- Buffett’s $1,000 investment in 1964 would be worth $16 million now, and he intends to give away the majority of his riches to charity by the time he dies.
- Every day, he consumes five cans of Coca-Cola.
After graduating from Columbia, he proceeded to work for his family’s financial firm, Buffett-Falk & Co., as an investment salesman. He also bought a petrol station and taught a “Investment Principles” course at the University of Nebraska-Omaha.
Although the gas station failed, Buffet’s commercial acumen drew the notice of Benjamin Graham, a well-known businessman, and investor who was also a former professor of Buffet’s. Buffett left Buffet-Falk & Co. to work for Graham-Newman Corp. as a securities analyst. During his four years working with Graham, Buffett learned a lot, but he also found he was more willing to take investing chances than his employer.
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Buffett took the nearly $174,000 (about $1.47 million today) he had saved while working for Graham-Newman and founded Buffett Partnership Ltd. when Graham retired and closed the business. He expanded his firm from three to six partnerships during the next three years. Over the next two years, that figure nearly doubled, and by 1962, he had amassed a million-dollar fortune.
Changing of Net Worth With Changing of Time
Buffett began an aggressive series of investments, takeovers, and restructuring moves after investing in and eventually taking over textile manufacturer Berkshire Hathaway. His assets grew exponentially. He also established himself as an investor to keep an eye on. Everything he touched seemed to turn to gold.
He had a penchant for buying shares in companies that were grossly undervalued and riding the rise in their fortunes to ever-increasing profits. His company began trading at $775 in 1979, and by the end of the year, its shares were worth $1310.
He was worth $620 million in the early 1980s and had acquired the moniker “Oracle of Omaha.” He made stock purchases in a variety of companies, including the Washington Post Company, Capital Cities, Salomon Brothers, and, most notably, the Coca-Cola Company. By 1990, he had amassed a fortune of $7,175 per share in his firm, Berkshire Hathaway.
Warren Buffett is well-known for investing in things that he uses himself. He owns Fruit of the Loom, for example, since he likes their shirts and underwear. Warren made waves when he invested in the Chinese enterprise Trends Co. because he loved a specific type of suit. Trends are worn by a number of influential people, including former Chinese President Hu Jintao and billionaire Bill Gates.
In 2015, the Oracle of Omaha and CEO of financial behemoth Berkshire Hathaway released a film marking Trands’ 30th anniversary, in which he gushed about his nine Trands suits. What’s the best part? Despite the fact that the lowest Trands suit costs $880, Buffett has not paid a dollar for his outfit, despite the fact that he claims to have requested a bill.
Buffett developed a fancy on Susan Thompson, a young woman whose boyfriend played the ukulele, in 1949. In order to compete, he purchased his own ukelele, which he has been playing ever since. In 1952, Buffett and Thompson married. Susie, Howard, and Peter were their three children. Susan relocated to San Francisco in 1977 to seek a singing career, but the couple married in 1977 and stayed married until Susan’s death in July 2004.
Buffett married his longtime companion, Astrid Menks, who was 60 years old at the time, on his 76th birthday in 2006—she had lived with him since his wife moved to San Francisco. Susan even set up a meeting between the two before she departed Omaha. Warren, Susie, and Astrid were good friends, and their Christmas cards to friends were signed “Warren, Susie, and Astrid.”
He has been a lifelong fan of University of Nebraska football, attending as many games as his schedule allows.
On his desk, Warren Buffet does not have a computer. In addition, rather of an iPhone or Android, he uses a flip phone. In addition, he’s only ever sent one email–to Microsoft’s Jeff Raikes.
Buffett is a notoriously unhealthy eater who drinks a lot of Coca-Cola every day. He’s stated: “Coca-Cola accounts for a fourth of my daily calorie intake of 2,700. At least five 12-ounce servings are consumed by me. It’s something I do every day.” Buffett has been known to start his day with ice cream.
In 2010, he co-founded The Giving Pledge with Bill and Melinda Gates, which invites the world’s wealthiest people to donate the majority of their money to philanthropy.
Details & History of Wealth
Buffett’s wealth is derived from his 18% ownership stake in Berkshire Hathaway. Berkshire Hathaway’s stock price climbed by an average of 20.8 percent between 1965 and 2016. Buffett holds roughly 300,000 Class A and nearly 150,000 Class B shares in the company.
He also holds almost two million shares of Wells Fargo and Seritage Growth Properties, nearly 900,000 shares of US Bancorp, and 9,000 additional shares of IBM. Even with all of those assets, his Berkshire Hathaway stock is estimated to be worth over 98 percent of his total net worth. Every summer, he also donates around 5% of his stock to charity.
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Buffett got $20,000 when he was 21 years old ($199,175.93 today). When he was 30 years old, he made his first million ($8.1 million today). Buffett had a net worth of $7 million ($53.3 million today) when he was 35 years old. He was worth $25 million at the age of 39. He was valued at $67 million at the age of 47.
Buffett was a billionaire at the age of 56, with a net worth of $1.4 billion. Then he began to amass a significant amount of wealth. Buffett was worth $17 billion at the age of 66. That figure had risen to well then $36 billion at the age of 72. Buffett added $12 billion to his already sizable fortune in 2016. Buffett’s net worth grew by 99 percent after he was 50 years old.
Purchasing Real Estate
Buffett still lives in the modest five-bedroom house he purchased for $31,500 in Omaha, Nebraska in 1956. A house in the same neighborhood today costs around $2 million.