Warren Buffett net worth

Warren Buffett net worth

Net Worth: $50 Billion

About Warren Buffett

Warren Buffett net worth

Warren Edward Buffett is the most successful investor of the last century and one of the wealthiest men in the world, business magnate and a great philanthropist. Buffett is a chief executive officer of Berkshire Hathaway, a conglomerate holding company, and is considered to be one the most influential men in the world. As Warren has claimed numerous times, in his life he always chose to invest in products that he likes and uses himself.

It seems like this strategy has worked perfectly well for Buffett. For his incredible success and talent for doing business Warren deserved a name “Wizard of Omaha”. Currently Warren Buffett net worth is estimated to be around $50 billion. If Warren keeps his promise, and nobody actually doubts he will, after his death 99% of this sum will be donated to charity, making Buffett the greatest donor in history.

Warren was born in Omaha in 1930. His father was soon elected a representative at the United States Congress and the whole family moved to live in Washington. Since his childhood Warren showed a great interest in doing business. As a kid he used to earn money by selling lemonade, magazines and newspapers, candies and other small stuff.

He also had a part time job at his grandpa’s store, worked as delivery boy and detailed cars.

Believe it or not, Warren has made his first investment in the stock market when he was 11 year old. He went to the New York Stock Exchange on the way home from his father’s office and bought 6 shares of Cities Service, a company supplying electricity and gas for small utilities. Three of the shares were meant for Warren himself and three as a gift to his sister. It sure did not boost Warren Buffett net worth considerably, but it did say a lot about his character. Even the note under his high school graduation photo said “Likes math; a future stockbroker”!

Warren Buffett net worth started to grow when he was still very young. By doing different small business and investing in his father’s company by the age of 20 Warren has already made a capital of around $10 thousand. If we adjust this some to the inflation, it equals $100 thousand! At the age of 22 he got a job at Benjamin Graham’s partnership where his annual salary was $100 thousand. By the year 1957 Warren got two more partnerships and by 1962 it made him a millionaire. He purchased his current major company Berkshire Hathaway this same year.

At the time Buffett bought BH it was a simple textile manufacturing company. At the moment it is a conglomerate holding company with subsidiaries all over the world. As for 2011 Berkshire Hathaway had 260.000 employees and operated assets worth $392.647 billion dollars. With the annual net income of the company reaching well above $10 billion, no wonder Warren Buffett net worth is $50 billion.

Now you have an idea why Warren Buffett net worth is this huge

Warren Buffett net worth Warren Buffett net worth

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