Count Warren Buffett is one of the world’s wealthiest individuals, as well as one of the most successful investors of all time. Warren Buffett has a net worth of $113 billion as of this writing.
It is widely accepted that Warren Buffett is the most well-known and successful investor of all time. If you’d put $10,000 into Warren Buffett’s company in 1966, you’d be sitting on $160 million today. A $10,000 investment in the S&P 500 would yield a profit of $140,000.
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Warren Buffett
| Net Worth: | $113 Billion |
| Date of Birth: | 1930-08-30 |
| Gender: | Male |
| Height: | 5 ft 10 in (1.78 m) |
| Profession: | Investor, Entrepreneur, Businessperson, Financier |
| Nationality: | United States of America |
Before he dies, Warren Buffett has stated that he will donate 99 percent of his net worth to charity. Bill Gates’ foundation will receive the bulk of that money. If Warren Buffett’s philanthropy has inspired other billionaires to pledge at least 50% of their net worth to charitable causes, it’s a truly remarkable achievement.’
Post Malone Net Worth, Early Life, Career Beginnings & More Details!
Early Life
The date and place of Warren Buffett’s birth are unknown. He is the only child of Leila and Congressman Howard Buffett, the second of their three children. Rose Hill Elementary School was where Buffett began his formal education. At a young age, Buffett became interested in business and investing. The “One Thousand Ways to Make $1,000” book he borrowed from the library when he was 7 inspired him. As a preteen, Buffett began making his mark on the world and amassing his fortune.
He met someone from the New York Stock Exchange for lunch when he was ten years old, and that’s when he began setting goals for the rest of his life. After that lunch, young Buffett decided that he wanted to spend the rest of his life working for the rich and famous. He bought his first stock a year later when he was just 11 years old. With the proceeds of his newspaper route, he purchased farmland in Oklahoma. A successful pinball machine business and a net worth of about $6,000 existed when he was a sophomore in high school, which is equivalent to $60,000 today.
Today is Warren Buffett’s 91st birthday. With a net worth of over $100 billion dollars, he is undoubtedly the greatest investor of all time. To celebrate, here’s a thread of 91 life lessons from the investing genius: pic.twitter.com/xHU1KdHasF
— Genevieve Roch-Decter, CFA (@GRDecter) August 30, 2021
To prepare for a possible career in the stock market, Warren attended Woodrow Wilson High School and graduated in 1947 with a diploma that reads: “likes math; a future stockbroker.” In 1942 his father was elected to the first of four terms in the United States Congress.
Wharton School of the University of Pennsylvania enrolled Buffett in 1947. Warren was a member of the Alpha Sigma Phi fraternity for two years while he was there. He then transferred to the University of Nebraska, where he earned a Bachelor of Science in Business Administration in the fall of 2012. To get into Harvard Business School, Buffett applied and was turned down. Buffett went to Columbia Business School to learn more about business. After graduating from Columbia University in 1951 with a Master of Science in Economics, he entered the workforce.
- Bought his first stock at 11
- Was worth was the equivalent of $60,000 by the time he was 16
- Still lives in a humble Omaha house he bought in 1956 for $31,500
- Net worth first topped $1 million when he was 30
- Earned 99% of his net worth after his 50th birthday
- Net worth first topped $1 billion when he was 56
- Has only ever sent one email
- $1,000 invested with Buffett in 1964 would be worth $16 million today
- Plans to donate the majority of their wealth away to charity by the time he dies
- Drinks five cans of Coca-Cola every day
Career
For his family’s company Buffett-Falk & Co., he worked as an investment salesman after graduating from Columbia University. He also taught a course on “Investment Principles” at the University of Nebraska-Omaha and purchased a gas station. Benjamin Graham, a well-known businessman and investor, and one of Buffett’s former professors had noticed his business acumen when he failed to open a gas station. Buffett left Buffet-Falk & Co. to join the Graham-Newman Corp. as a securities analyst.
While working with Graham for four years, Buffett realized that he was more willing to take risks in the stock market than his boss. The nearly $174,000 (or roughly $1.47 million in today’s dollars) that Buffett had saved while working for Graham-Newman after Graham retired and closed the business was used to start Buffett Partnership Ltd. He expanded his business from three partners to six in the next three years. By 1962, he had become a millionaire after doubling that number in the following two years.
Buffett began a series of aggressive investments, takeovers, and restructuring moves after investing in and eventually taking over textile manufacturer Berkshire Hathaway. Furthermore, he established himself as an investor to keep an eye on and follow. Everything he touched seemed to turn to gold. He had an uncanny ability to buy shares in companies that were vastly undervalued and then ride the rise in their fortunes to ever-increasing gains. After trading at $775 at the beginning of 1979, the company’s stock ended the year with a value of $1310. “Oracle of Omaha” became a nickname for him in the early 1980s, when he was worth $620 million. His investments included the Washington Post Company, Capital Cities, Salomon Brothers, and Coca-Cola Company, the latter of which proved to be the most successful. He was a billionaire by 1990, with Berkshire Hathaway stock valued at $7,175 per share.
Investing in products that Warren Buffett uses has made him a household name. Fruit of the Loom, for example, is owned by him for this reason. Warren made headlines when he invested in Trends Co., a Chinese clothing company, because of his love for a particular suit. Hu Jintao, the former Chinese president, and billionaire Bill Gates are also fans of Trends. Additionally, Berkshire Hathaway CEO Warren Buffett made a video to celebrate Trands’ 30th anniversary and gushed about his nine suits in the process. The cherry on top? Buffett hasn’t paid a cent for his wardrobe, even though the cheapest Trends suit costs $880, despite his claims to the contrary.
Personal Life
He had a crush on Susan Thompson, a young woman who had a boyfriend who played ukulele, in 1949. Since then, he’s been practicing on it nonstop to keep up. When Buffett and Thompson tied the knot in 1952, it was the first of many unions between the two. Susie, Howard, and Peter were the names of their three children, who were born as a result of their marriage. Susan moved to San Francisco in 1977 to pursue a singing career, but the couple remained married until Susan died in 2004.
Buffett married his 60-year-old longtime companion, Astrid Menks, on his 76th birthday in 2006, a year after his wife had moved to San Francisco. Susan had even set up a meeting between them before she left Omaha. “Warren, Susie, and Astrid” was the signature on Christmas cards sent to friends by the three of them.
A lifelong Nebraska fan, he attends as many games as he can fit in between his work and family obligations.
Warren Buffet does not use a computer at his workstation. A flip phone is what he prefers to use instead of an iPhone or an Android. He’s also only ever emailed one person–Jeff Raikes at Microsoft.
Buffett is well-known for his unhealthy diet and daily habit of downing copious amounts of Coca-Cola. In the past, he has stated: “Coca-Cola makes up a quarter of my daily calorie intake. At the very least, I go through five of these 12-ounce glasses. Every day, I put in the effort to keep up with it.” Buffett has been known to eat ice cream for breakfast on occasion.
As part of The Giving Pledge, he and Bill and Melinda Gates enlisted the help of the world’s wealthiest individuals and families in 2010.
Wealth Details & History
Berkshire Hathaway’s 18 percent stake in Buffett’s fortune is the source of his wealth. Berkshire Hathaway’s stock price rose by an average of 20.8 percent every year from 1965 to 2016. Buffett owns approximately 300,000 Class A shares and approximately 150,000 Class B shares of the company. There are more than two million shares of both Wells Fargo and Seritage Growth Properties in his portfolio. He also has nearly 900,000 shares of UBS and an extra 9,000 of IBM in his portfolio. Even with all of those investments, his Berkshire Hathaway stock still accounts for over 98% of his total net worth, according to one estimate. He also gives away about 5% of that stock each summer.
At the age of 21, Buffett had $20,000 ($199,175.93 in today’s money) in his bank account. When he was 30 years old, he made his first million dollars ($8.1 million today). It took Buffett until the age of 35 to reach $7 million in personal wealth. He had $25 million at the age of 39. He had a net worth of $67 million when he was 47. As a 56-year-old billionaire, Buffett had an estimated wealth of $1.4 billion. That’s when he started to amass his fortune. Buffett was worth $17 billion by the time he was 66. By the age of 72, that figure had risen to over $36 billion. Buffett’s fortune increased by $12 billion in 2016.
Buffett’s net worth grew by 99 percent after he turned 50.
Real Estate
In 1956, Buffett purchased a five-bedroom home in Omaha, Nebraska, for $31,500. In the same neighborhood today, a house costs around $2 million.
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