Warren Buffett Net Worth
Warren Buffett, the renowned American investor and philanthropist, has a net worth of $128 billion. He is widely regarded as one of the greatest investors of the 20th century. Buffett’s wealth primarily comes from his ownership stake in the holding company Berkshire Hathaway, where he is the largest individual shareholder.
If you had invested $1,000 in Berkshire Hathaway in 1965, your shares would be worth over $25 million today, excluding dividends. Buffett’s success in growing his wealth is attributed to his ability to identify undervalued companies and ride the increase in their fortunes.
However, it is important to note that Buffett’s net worth doesn’t solely come from his ownership in Berkshire Hathaway. He also owns 1% of US Bancorp and has made numerous investments in various companies throughout his career.
Highlights
– Warren Buffett has a net worth of $128 billion.
– He is widely considered one of the greatest investors of the 20th century.
– Buffett’s wealth primarily comes from his ownership stake in Berkshire Hathaway.
– He has pledged to give away 99% of his net worth to charity.
– Buffett is one of the co-founders of The Giving Pledge, an initiative inspiring billionaires to donate the majority of their wealth to philanthropy.
Early Life
Warren Buffett was born on August 30, 1930, in Omaha, Nebraska. He developed an interest in business and investing from a young age. At the age of 11, he purchased his first stock and by high school, he was already running a successful pinball machine business with a net worth of $6,000.
Buffett enrolled at the Wharton School of the University of Pennsylvania but transferred to the University of Nebraska to complete his degree in business administration. He later attended Columbia Business School, where he studied under his idols Benjamin Graham and David Dodd.
Career
After working as an investment salesman and a securities analyst, Buffett started his own investment partnership called Buffett Partnership Ltd. Over the years, he gradually grew his business and by 1962, he was a millionaire. In 1970, he took control of Berkshire Hathaway, which he transformed into a conglomerate with investments in various companies.
Buffett’s investment strategy focuses on long-term value investing. He seeks out undervalued companies and holds onto his investments for the long term. His success in growing his net worth can be attributed to his skill in identifying promising investment opportunities.
Personal Life
Warren Buffett was married to Susan Thompson from 1952 until her death in 2004. They had three children together. In 2006, Buffett married Astrid Menks, his longtime companion.
Buffett is known for his frugal lifestyle and has lived in the same house in Omaha, Nebraska, since 1958. He is a passionate supporter of University of Nebraska football and is also a devoted player of the ukulele.
Net Worth Over Time
Warren Buffett’s net worth has seen remarkable growth throughout his career. At the age of 39, he had a net worth of $25 million, which increased to $67 million by the age of 47. By the time he reached 66, his net worth was $17 billion, and it continued to grow significantly in the following years. In 2016, Buffett added $12 billion to his fortune.
Components of Net Worth
The majority of Warren Buffett’s net worth comes from his ownership stake in Berkshire Hathaway. He owns nearly 300,000 Class A shares and almost 150,000 Class B shares of the company. Additionally, he holds significant investments in Wells Fargo, Seritage Growth Properties, U.S. Bancorp, and IBM.
It is important to note that Buffett is committed to philanthropy and has pledged to give away 99% of his net worth to charity. He has already donated over $50 billion to various charitable causes through The Giving Pledge.
In conclusion, Warren Buffett’s net worth of $128 billion predominantly comes from his ownership in Berkshire Hathaway. He is widely regarded as one of the greatest investors of all time and his success has allowed him to make significant contributions to philanthropy. Despite his immense wealth, Buffett maintains a modest lifestyle and continues to be actively involved in the business world.