| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $1.1 billion | N/A | N/A | N/A | Male | N/A | Businessman | American |
What is Stewart Horejsi’s Net Worth?
Stewart Horejsi, an American businessman, holds a remarkable net worth of $1.1 billion. His wealth primarily stems from being an early investor in Warren Buffett’s Berkshire Hathaway class A stock. In 1980, Horejsi initiated his stock purchases at the remarkably low price of $265 per share. While he has invested a significant portion of his fortune in his own mutual fund, he still retains ownership of Berkshire stock. Horejsi received his degree from the University of Kansas in 1962 and subsequently took over his family’s welding supply company. Currently residing in Phoenix, Arizona, he is happily married and has two children.
Highlights
– Stewart Horejsi boasts a net worth of $1.1 billion.
– His 4,300 Class A shares are valued at nearly $750 million, surpassing the stake controlled by Bill Gates.
– Horejsi’s success can be attributed to his early investment in Warren Buffett’s Berkshire Hathaway.
– He manages four closed-end stock funds through his money management firm, Boulder Investment Advisers, LLC.
– Horejsi’s funds own shares of Berkshire Hathaway, Wells Fargo, IBM, and Walmart.
Early Life
Stewart Horejsi’s early years remain relatively unknown, with limited details available about his birthdate, birthplace, and height. However, it is known that he hails from the United States and possesses American nationality. Although information regarding his educational background is sparse, Horejsi pursued his studies at the University of Kansas, culminating in his graduation in 1962.
Career
Following his graduation, Stewart Horejsi assumed control of his family’s welding supply company. Leveraging his business acumen and vision, he successfully transformed the enterprise, contributing significantly to his burgeoning wealth. However, the defining moment in Horejsi’s career occurred when he decided to invest in Warren Buffett’s Berkshire Hathaway. Starting in 1980, he began purchasing the stock, with astute decisions and unwavering belief in Buffett’s abilities propelling his wealth to extraordinary heights.
Today, managing his four closed-end stock funds through Boulder Investment Advisers, LLC, Horejsi remains deeply involved in the financial realm. His funds not only hold shares of Berkshire Hathaway but also maintain interests in well-established companies such as Wells Fargo, IBM, and Walmart – investments partially held by Berkshire Hathaway itself.
Personal Life
Stewart Horejsi enjoys a harmonious personal life, fulfilling the roles of a loving husband and dedicated father. Details about his family remain private, allowing him to maintain a level of privacy amidst his financial success. His primary residence is located in Phoenix, Arizona, where he likely finds tranquility away from the financial world.
Net Worth Over Time
Stewart Horejsi’s net worth has experienced remarkable growth over the years, with his early investment in Berkshire Hathaway playing a pivotal role in its expansion. Starting in 1980 with stock purchases made at $265 per share, he witnessed the value multiply manifold. As of today, his net worth stands at a staggering $1.1 billion, a testament to his strategic investment decisions and prudent financial choices.
Components of Net Worth
Stewart Horejsi’s net worth primarily comprises his holdings in Berkshire Hathaway class A stock. His 4,300 Class A shares alone are valued at nearly $750 million. Additionally, his funds managed through Boulder Investment Advisers, LLC, invest in various companies, further diversifying his assets. These investments include shares in Wells Fargo, IBM, and Walmart, companies with substantial market presence and potential for growth.
In conclusion, Stewart Horejsi’s net worth of $1.1 billion is a testament to his early investment in Warren Buffett’s Berkshire Hathaway and his unwavering belief in its long-term potential. Through prudent financial choices and astute management, he has seen his wealth multiply over time. Horejsi’s success story serves as an inspiration within the financial world, showcasing the possibilities that lie in identifying early investment opportunities and holding steadfastly onto them.