Warren Buffett net worth
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What is Warren Buffett’s net worth?
Warren Buffett is one of the richest people in the world and arguably the best investor ever. At the time of writing, Warren Buffett’s net worth is $105 billion.
Warren Buffett is considered by many to be the most famous and successful investor in history. If you invested $10,000 in Warren Buffett in 1966, you would have more than $160 million today! The US$10,000 invested in the Standard & Poor’s Index will be US$140,000.
Warren Buffett promised to donate 99% of his net worth to charity before his death. 83% of the money will be donated to the Bill and Melinda Gates Foundation. This is equivalent to approximately 41 billion U.S. dollars, which makes it the largest charitable gift in human history. Buffett’s philanthropy has inspired other billionaires and donated at least 50% of their net worth in their lives to charity. This is a truly remarkable achievement.
early life
Warren Buffett was born on August 30, 1930 in Omaha, Nebraska. He is the second of three children and the only son of Laila and Congressman Howard Buffett. Buffett began his education at Rosehill Elementary School. Buffett became interested in business and investment at a young age. When he was 7 years old, a book he borrowed from the library called “A Thousand Ways to Make $1,000” inspired him. Buffett began to leave his mark and wealth when he was a teenager. At the age of 10, he had lunch with people from the New York Stock Exchange and began to set his life goals. After that lunch, the young Buffett knew he wanted his life to revolve around money. A year later, when he was 11 years old, he bought his first stock. He had a paper path and used the money to buy some farmland in Oklahoma. By the second grade of high school, he ran a successful pinball machine business with a net worth of approximately US$6,000-equivalent to today’s US$60,000.
In 1942, his father was elected to the first of four terms in the United States Congress, and after moving with his family to Washington, DC, Warren attended Alice Deal Junior High School and graduated from Woodrow Wilson High School in 1947, where his senior The picture in the yearbook reads: “I like mathematics; the stockbroker of the future.”
In 1947, Buffett attended the Wharton School of the University of Pennsylvania. Warren studied there for two years and joined the Alpha Sigma Phi Brotherhood. He then transferred to the University of Nebraska and received a Bachelor of Science in Business Administration. Buffett wanted to attend Harvard Business School, but was refused admission. Buffett attended Columbia Business School. He received a master’s degree in economics from Columbia University in 1951.
Profession
After graduating from Columbia University, he worked as an investment salesman for the family company Buffett-Fokker. He also taught the “Principles of Investment” course at the University of Nebraska Omaha and purchased a gas station. The gas station closed down, but his business acumen caught the attention of Benjamin Graham, a respected businessman and investor, and one of Buffett’s former professors. Buffett left Buffet-Falk & Co. to work as a securities analyst at Graham-Newman Corp.. Although Buffett learned a lot during the four years of working with Graham, he also realized that he was more willing to take investment risks than his boss. When Graham retired and closed the company, Buffett took him with Graham-Newman during his work The savings of nearly US$174,000 (approximately US$1.47 million today) founded the Buffett Partnership. In the next three years, his business went from three partnerships to six. In the next two years, this number almost doubled, and by 1962, he became a true millionaire.
After investing and eventually taking over the textile manufacturer Berkshire Hathaway, Buffett began a series of aggressive investment, acquisition and restructuring measures, and his assets have grown exponentially. He also consolidated his reputation as an investor worthy of attention and attention. It seems that everything he touched has turned golden. He is good at buying stocks in seriously undervalued companies and using their wealth growth to make greater profits. In 1979, his company started trading at a price of $775, and the stock price was $1310 at the end of the year. By the early 1980s, he was worth 620 million U.S. dollars and earned the nickname “The Prophet of Omaha.” He bought stocks in various companies, including The Washington Post Company, Capital City, Salomon Brothers, and the most successful Coca-Cola Company. By 1990, he had become a billionaire, and the shares of his company Berkshire Hathaway were valued at $7,175 per share.
Warren Buffett is notorious for investing in the products he actually uses. For example, he owns the fruits of the loom because he likes their shirts and underwear. Warren made headlines because of his love for a certain brand of suits, which prompted him to invest in the Chinese company Trands Co. He is not the only powerful person with the Trands movement: so are former Chinese President Hu Jintao and billionaire Bill Gates. A loyal fan of the brand. The CEO of Oracle of Omaha and the financial giant Berkshire Hathaway also produced a video commemorating the 30th anniversary of the clothing company in 2015 and took the opportunity to introduce his nine Trands suits. The best part? Although the cheapest Trands suit was priced at US$880, Buffett claimed that he had asked for the bill, but he did not pay a dime for his wardrobe.
(Photo by Chip Somodevilla/Getty Images)
personal life
In 1949, Buffett became obsessed with a young woman named Susan Thompson. Her boyfriend had an ukulele. In order to participate in the competition, he bought his own Ukulele and has been playing ever since. Buffett and Thompson were married in 1952. They have three children, Susie, Howard and Peter. The couple began to separate in 1977 when Susan moved to San Francisco to pursue a singing career, but remained married until her death in July 2004.
In 2006, on the occasion of Buffett’s 76th birthday, he married his long-term partner, then 60-year-old Astrid Menks, who has been since his wife moved to San Francisco. Live with him. In fact, Susan arranged for the two to meet before leaving Omaha. These three people are very close, and the Christmas card to a friend says “Warren, Susie and Astrid”.
He is a loyal lifelong follower of the University of Nebraska Football University and participates in as many games as the schedule allows.
There is no computer on Warren Buffett’s desk. He also uses flip phones instead of iPhone or Android. He only sent one e-mail to Jeff Raikes of Microsoft in his life.
Buffett is a legendary unhealthy dieter who consumes one ton of Coca-Cola every day. He said: “If I consume 2,700 calories a day, a quarter of it is Coca-Cola. I drink at least five 12-ounce servings. I do this every day.” As we all know, Buffett eats ice cream for breakfast.
In 2010, he and Bill and Melinda Gates (Bill and Melinda Gates) established the “Giving Pledge” (The Giving Pledge), asking the richest people in the world to use most of their wealth for charity
History of wealth
Buffett’s wealth is mainly due to his 18% stake in Berkshire Hathaway. From 1965 to 2016, the stock earned him 20.8% every year. Buffett owns nearly 300,000 Class A shares and nearly 150,000 Class B shares of the company. He also owns more than 2 million Wells Fargo and Seritage Growth Properties, nearly 900,000 U.S. Bancorp shares and more than 9,000 IBM shares. Even with all these shares, according to calculations, his Berkshire Hathaway shares still account for more than 98% of his net assets. Every summer, he also donates approximately 5% of his stock to charity.
At 21, Buffett has $20,000 ($199,175.93 today). He made his first $1 million ($8.1 million today) when he was 30. Five years later, the 35-year-old Buffett has a net worth of $7 million ($53.3 million today). At the age of 39, he had 25 million U.S. dollars. At the age of 47, he was worth US$67 million. The 56-year-old Buffett is a billionaire with a net worth of 1.4 billion U.S. dollars. Then his wealth really began to accumulate. By the age of 66, Buffett’s worth had reached US$17 billion. At the age of 72, this number has jumped to more than 36 billion U.S. dollars. In 2016, Buffett added another $12 billion to his already considerable wealth.
99% of Buffett’s net worth was created after he was 50 years old.
real estate
Buffett still lives in the humble five-bedroom house he bought in Omaha, Nebraska in 1956 for $31,500. Today, a house can be bought in the same community for approximately US$2 million.
