What is Warren Buffett’s net worth? One of the most successful investors in history, Berkshire Hathaway CEO Warren Buffett is widely regarded as a financial genius. Not only is he a self-made billionaire, he is also one of the most generous people in the world. Of course, he has come a long way since his early days in Omaha, Nebraska.
Early life of Warren Buffett
Warren Buffett entered this world of August 30, 1930 in Omaha, Nebraska. He is the only son of Leila and Congressman Howard Buffett and the second of their three children. Rose Hill Elementary School is where Buffett’s formal education began. When Buffett was young, he already had an eye for business and investment.
It was a library book called “A Thousand Ways to Win $1000” it first ignited his entrepreneurial spirit when he was seven years old. Even as a toddler, Buffett was already building a name for himself and a fortune for himself.
At the age of 10, he had lunch with a representative of the New York Stock Exchange, and during that meal he began formulating the plans that would guide his life for the rest of his life. After the meal, the young Buffett decided that making money would be the center of his life.
The following year, aged 11, he made his first stock purchase. He ran a paper route and invested the money he made in farms in Oklahoma. His pinball business was booming by the time he was a senior in high school, and it was worth about $6,000 (about $60,000 today).
After moving to Washington, D.C., after his father won the first of four terms in Congress in 1942, Warren attended Alice Deal Junior High School and Woodrow Wilson High School, where the caption under his yearbook photo reads: “likes math; future stockbroker.
Buffett attended the Wharton School of the University of Pennsylvania in early 1947. Warren spent two years studying there and became a member of the Alpha Sigma Phi sorority. He eventually earned a bachelor’s degree in business administration after transferring to the University of Nebraska.
Buffett was rejected from Harvard Business School. Buffett eventually attended Columbia University’s Graduate School of Business Administration. After attending Columbia University, he graduated in 1951 with a master’s degree in economics.
Career of Warren Buffett
After graduating from Columbia, he joined his family business, Buffett-Falk & Co., as an investment trader. In addition to buying a gas station, he also lectured on “Investment Principles” at the University of Nebraska-Omaha.
Although his gas station venture ultimately failed, it did not go unnoticed by Benjamin Graham, a successful entrepreneur and investor who was also Buffett’s college professor.
Since Buffett accepted a position as a securities analyst at Graham-Newman Corp., he has been absent from his former employer, Buffet-Falk & Co. During his four years with Graham, Buffett gained invaluable knowledge and found that he shared his boss’s appetite for financial risk.
After Graham retired and Graham-Newman closed, Buffett formed Buffett Partnership Ltd. with about $174,000 (roughly $1.47 million today) that he accumulated while working for Graham-Newman.
Over the next three years, he expanded his company from three to six partners. In the next two years, this figure almost increased, and by 1962 he became a real millionaire.
After his initial investment and subsequent purchase of textile manufacturer Berkshire Hathaway, Buffett embarked on a series of aggressive investments, takeovers and restructuring actions that saw his wealth grow exponentially.
He has also established himself as an investor worth following. Everything he touched seemed to turn to gold. He had a penchant for buying stocks at ridiculously low prices and then profiting handsomely as the firms’ fortunes rose. In 1979, when he first started trading, his company’s shares were worth $775 each.
By the end of the year, they were worth $1,310. In the early 1980s, he was worth $620 million and was well known as “The Oracle of Omaha”. He invested in a wide variety of companies, including the Washington Post Company, Capital Cities, Salomon Brothers and the Coca-Cola Company.
Shares in his Berkshire Hathaway company were worth $7,175 apiece by 1990, making him a billionaire. Warren Buffett is well known for investing his money in things he consumes frequently. Because he really liked their shirts and underwear, he bought Fruit of the Loom.
Warren’s investment in China’s Trends Co. attracted media attention because it was the result of his preference for a certain brand of suits. Former Chinese President Hu Jintao and a millionaire Bill Gates both are known to wear Trands.
The Oracle of Omaha, CEO of Berkshire Hathaway, praised his nine Trands suits in a video he shot for the clothing company’s 30th anniversary in 2015. What’s even better? Buffett claims he asked for a bill for his clothes but didn’t pay a single dollar, despite the fact that the lowest Trands suit cost $880.
Personal life of Warren Buffett
A teenager, Susan Thompson, whose friend owned a ukulele, caught Buffett’s attention in 1949. He decided to get his own ukulele and start playing to keep up with the other kids. In 1952, Buffett married Thompson. Susie, Howard and Peter were their three offspring.
Susan left for San Francisco to pursue a singing career in 1977, and the couple did not reunite until after her death in July 2004. When Buffett was 76, he married his longtime companion, Astrid Menks, who was then 60 years old. They lived together since Buffett’s first wife moved to San Francisco.
Susan actually arranged a meeting between them before they left Omaha. Warren, Susie and Astrid were so close that they signed their Christmas greetings to friends and family as “Warren, Susie and Astrid.” He has been a loyal Husker football fan for as long as he can remember and regularly finds time to watch games.
There is no computer on Warren Buffett’s desk. And instead of an iPhone or Android, he uses a flip phone. Also, he only wrote one email and that was to Jeff Raikes at Microsoft.
Buffett is known for his poor diet and daily intake of Coca-Cola. His words are: “About 800 of my daily 2,700 calories come from Coke. I consume five full 12-ounce glasses each day. I do this every day. Buffett has also been seen starting the day with a bowl of ice cream.
In 2010, he co-founded The Giving Pledge with Bill and Melinda Gates, an initiative that challenges the world’s richest people to give the majority of their fortunes to charitable causes.
What is Warren Buffett’s net worth?
Legendary investor Warren Buffett is a billionaire and one of the richest people in the world. Warren Buffett has a net worth of $97 billion at the time of writing. Most investors and financial experts agree that Warren Buffett is the most famous and successful financier of all time.
Ten thousand dollars invested with Warren Buffett in 1966 would now be worth more than $160 million. At the same risk, a $10,000 investment in the S&P 500 would return $140,000.
Warren Buffett’s net worth hits new high of $81.5 billion https://t.co/7kjrID3HUD pic.twitter.com/LIXfX3bVK9
— Bloomberg (@business) October 24, 2017
Before his death, Warren Buffett will donate 99 percent of his fortune to charity. This amount will largely benefit the Bill and Melinda Gates Foundation. The impact of Buffett’s philanthropy can be measured by the fact that other billionaires have pledged to donate half or more of their wealth to charity over their lifetimes.
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