Here is the story of how a shrewd businessman became such a millionaire. Warren Buffett famously talked about how he doesn’t believe money can buy you happiness. From today’s article you will know about Warren Buffett net worth. So keep reading the further sections.
But Buffett’s success is quite surprising because his life’s work has been almost entirely invested. Also, his uncanny ability to find just enough of the right investment at the right time has made him a titan of the stock and business world. But he’s also a revered figure with people known to pay millions of dollars to have lunch with him and a peek inside his mind. And he sure has some extra energy with all the soda he drinks.
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Warren Buffett Net Worth
According to Forbes, as of the time of this writing, Warren Buffett is the sixth richest person in the world, only behind Jeff Bezos and much ahead of Buffett’s close friend Bill Gates. His net worth is estimated to be at $109.2 billion.
Warren Buffett Bio/Wiki
Buffett was born in Omaha, Nebraska in 1930 to mother Leila Stahl Buffett and father Howard Buffett, and worked himself in investments before winning a seat in Congress in 1942.
Buffett took a shine to investing as a young child and decided to buy his first stock when he was just 11 years old: three shares of City Service Preferred at around $38 a share. Also, when he was just 14 years old, Buffett used about $1,200 in savings to buy a portion of a 40-acre farm just outside of Omaha.
By the time he was finishing high school, Buffett had already established himself as a successful businessman. But he and his friend bought a pinball machine for about $25 and put it in a barbershop, and before long, they had three machines in different locations and were making about $1,200.
Warren Buffett Education
Buffett would have been content to continue his investments, but at the urging of his father, he briefly attended the Wharton School of Business at the University of Pennsylvania. Eventually, he would transfer to the University of Nebraska and graduate early.
Buffett hoped to follow this up by attending the prestigious Harvard Business School but was rejected, and instead, he went to Columbia University’s business school, where his hero, economist and author Benjamin Graham, was a teacher.
Despite a net worth measured in the billions, Warren Buffett is legendarily frugal and still lives in a five-bedroom house he bought in 1958 for about $31,000, drinks Coca-Cola and eats at local restaurants, where a burger or steak is his Rent a table of choice. But for years, he avoided the idea of buying a corporate jet. But when he finally acquired one, he named it Unstoppable—a public nod to his criticism of the money spent on jets.
He was married to Susan Thompson for over 50 years after their marriage in 1952 and they had three children, Susie, Howard and Peter. Although Buffett and Susan separated in 1977, they remained married until her death in 2004. But before she dies, Susan introduces him to a maid named Astrid Menks. Buffett and Menkes began living together in 1978 and married in August 2006.
The amount of money Buffett will continue to pay in the future looks set to increase significantly. But in his own words, “I’m not a fan of dynastic wealth, especially when the alternative is six billion people benefiting from the money while having a much worse life than we do. There are many chances.
Buffett has made his fortune by relying heavily on the time-tested rules of value investing, which means finding high-quality companies at fair market valuations. He then holds these investments for the long term and for some indefinite period, always allowing the power of compounding to work its magic.