They call him the “Oracle”, or the “Wizard” of Omaha for a reason. He is the CEO of Berkshire Hathaway, an investor, a business magnate and a notable Philanthropist he was once carrying the throne of the wealthiest man in the world though the likes of Bill Gates and Mark Zuckerberg dethroned him but he still ranks up there in what you here as the billionaire top 10 list.
Today Warren Buffet is considered among the wealthiest persons on the planet and top of the list of the most successful investors on the planet. A man who ranks in the heights of Bill Gates and would comfortably sit down among the billionaires one might wonder exactly what’s the net worth of Warren Buffet. Well here is a breakdown of Warren Buffet net worth and how he got the billionaire he has in his account.
Warren Buffet (born August 30, 1930) is an American billionaire born and bred by Leila and Howard Buffet in Omaha, Nebraska. He was the only son of his mother while his father was a US congressperson from Nebraska and a stockbroker who officiated for four terms. The young entrepreneur set out his education at Rose Hill Elementary School and went to Alice Deal Junior High School and Woodrow Wilson High where he graduated from. At the age of 19, he attended the University of Pennsylvania and later transferred to the University of Nebraska–Lincoln and graduated.
Warren and Susan Thompson got married in 1952, and conjointly they have three children: Susan (b.1953), Howard (b.1954) and Peter (b.1958). Their family life started imperceptibly as they rented a three-room house at $65 monthly. They later moved in Omaha to a five bedroom apartment where they live in until now as Warren purchased it at $31,500. Although they had a perplexed relationship, Warren and Susie did not divorce but rather lived exclusively for half of their marriage until Susan’s death in 2004. Astrid Menks was the other woman warren married after his wife’s demise.
Interestingly Warren Buffet at the age of 10 he had already developed a business, Warren decided that he will start synthesizing money through custom-made cigars after he went for lunch with his father together with a Dutchman and saw how cigar was made from tobacco leaves. He started investing at a premier age of 11 when he procured his first stock by buying three shares at $38 each of cities services. Even after the shares dropped to $27, the young entrepreneur held on and finally sold the shares when they reached $ 40 per share. “One Thousand Ways To Make $100” is the book that also inspired the young entrepreneur at the age of seven when he had mooched it from the Omaha public library. Selling chewing gums, Coca-Cola bottles and magazines door to door were some of the business Warren was incriminated in. He purchased a bicycle from his $35 income which he got from selling golf balls and stamps this was also the first time he paid his tax.
During his high school days, Warren and his best friend acquired a pinball machine at $25 in order to spring their own barbershop. Their business continued to flourish as they had another machine in three different shops but they eventually sold the shops for $1200. Through his savings, he bought a 40-acre farm at the age of 14 after investing in his father’s business. During his career, he has also been a teacher for a night class at the University of Nebraska-Omaha where he bankrolled and purchased a gas station which was not thriving. Due to the many partnerships that Warren had been involved on with by 1962 he was already a millionaire, and as a result, he thought of merging all the partnerships money, and that’s how he was able to invest and take control of Berkshire Hathaway a textile and manufacturing firm. With control of Berkshire Hathaway Warren Buffet started investing in companies’ stocks such as Washington post company, Buffalo Evening News, ABC capital Cities, Solomon Inc and his most lucrative investment was The Coca-Cola Company stock.
In 1990 that’s when Warren Buffer wealth jumped to a billionaire when Berkshire Hathaway sold its Class A shares, and by 2002 Warren Buffet net worth was around $11 billion. Six years later in 2008, he would become the worlds richest person with $62 billion. In 2009 Berkshire Hathaway would be the 8th largest corporation in the world when measured by market capitalization. Some of his other investments are PetroChina Company Limited, BYD Company, MidAmerican Energy, and Wind farms among other businesses.
Net Worth, Salary & Income
As a result of consummating from the seven partnerships he had, Warren altered to a millionaire at the age of 32 in 1962. He later endowed in a textile manufacturing firm by converging all his partnerships into one, and today his company has the uppermost stock price of $245,600 per share. Being the second richest in the US and the fourth in the world after bill gates, Warren Buffett’s net worth is $79.6 billion as in 2017. In defiance of his first small salary of $50,000 from his firm, Warren became a billionaire in 1986 at the age of 56. Forbes ranked him as the richest person in the world in 2008 as he has a net worth of $62 billion. Owning many properties and assets, he has a mansion which he acquired for $31,500 in 1957; he also renounces his private jets for public transportation. He secures most of his money from investments where he implicates his family and close friends by partnering with them. In addition to his wealth, Warren has holdings with media, insurance, energy and food and beverage industries. He launched the Giving Pledge where he asked each and every one who has a billion status to give something back to humanity.
10 Things You Didn’t Know About Warren Buffet
Warren Buffet aka “Oracle of Omaha,” is among the richest most successful business persons of all time the world has seen. The man has invested millions, and out of those investments, they have uplifted his status to a billion-dollar net worth individual. You might think that you know everything about Warren Buffet, but the truth is you might not know these ten things about Warren Buffet
1. Can you imagine an 11-year-old schoolboy buying stocks? Well, it seems Warren Buffet was that exceptional boy who instead of playing T-ball he had a business mind as when he was just 11 years in 1942 he bought Cities Service stock which was going for $38.
2. When you were just 16 years old how much money had you ever made in your life? Well, this will come as a shock to you because at the age of 16 Warren had already made around $53,000. Probably your wondering how? He used to do The Washington post delivery every morning, buffing cars, collect stamps and even sell old golf balls.
3. While his fellow billionaires were alumni of the Harvard Business School Warren Buffet himself was a rejected. A staff at the school during his admission interview told him to forget it, and that was it for him on Harvard. He would later be admitted at Columbia Business School.
4. Warren Buffett eats a diet fit for a 6-year-old, but he has a reason for that which is 6 years old children have the lowest death rate, and that’s why he takes their diet. A 6-year-old diet consists of Coca-Cola, Utz potato sticks, and ice cream as breakfast.
5. A billionaire home should be something worth millions a castle or those state of the art mansions, but surprisingly this man lives in the same old house he used to live in 1958. His Omaha house which was bought for $31,500 and has just five bedrooms it’s still where he lives.
6. When you marry someone, the father in law should give you the blessings and wish you and your partner a happy marriage and life but not the father in law of Warren Buffet. When Warren Buffet finished proposing to her wife in 1951, the father in law called Warren Buffet aside and told him he was going to fail.
7. How much can you pay an agent just to have a sitting with the girl or the man of dreams for several minutes? Well, people pay millions just to get to have some lunch with the Oracle of Omaha, after all your having lunch with the billionaire he might through a tip that might be worth a fortune.
8. Do you know that 94% of all Warren Buffet wealth he has earned it after turning 60? This cements the saying that goes old is gold.
9. Warren Buffett has a Twitter account that has over a million followers but did you know none of the tweets that you see there are his? He was told to CNBC that he has never Twitted someone else did.
10. Warren Buffett spends nearly 80% of all his time in the day reading. That’s when he wakes up a newspaper, and during the day books. But why does he do this? He once said he is compounding knowledge.
Better known as the “Oracle of Omaha”, Warren is a renowned investor of all time. As a treadmill of many millionaires and wealthy people in the world, Warren also gives donations. In his lifetime, all his endowments are more than $28.5 billion which goes to various charities such as The Bill and Melinda Gates Foundation. Warren is definitely a rare billionaire being appraised as the most successful investors in the world.