What is Warren Buffett’s Net Worth?
| net worth: | $130.4 billion |
|---|---|
| age: | 93 |
| date of birth: | August 30, 1930 |
| gender: | male |
| high: | 1.78 m (5 ft 10 in) |
| country of origin: | USA |
| Source of wealth: | Entrepreneurs/Investors |
| Last updated: | August 3, 2024 |
Warren Buffett is an American business magnate, investor, and philanthropist with an estimated net worth of $130.4 billion.
He is considered the best and most successful investor in the world, and you’ll quickly see why. Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970, and he is also one of the richest people in the world.
early life
Warren Buffett was born on August 30, 1930, in Omaha, Nebraska, to Leila and Howard Buffett.
He has two older sisters and his parents are Leila and Howard.
Buffett attended Rose Hill Elementary School. However, in 1942, his father, a congressman, was elected to the United States Congress for the first of his four terms.
Warren’s family moved to Washington, D.C., where he finished elementary school.
He then attended Alice Deal Junior High School and graduated in 1947 from Woodrow Wilson High School.
Buffett wrote in his high school yearbook: “I like math and I want to be a stockbroker in the future.”
Young Buffett started investing at the age of 11, and he had already started his own business when he was in college.
Buffett’s investing philosophy was influenced by his mentor, Benjamin Graham, a famous investor and author of The Intelligent Investor.
Graham’s value investing philosophy, which focuses on buying undervalued stocks with a long-term perspective, has had a profound impact on Buffett’s investment approach.
After graduating from the University of Nebraska at the age of 19, Buffett originally wanted to enter the famous Harvard Business School, but was rejected. He eventually entered Columbia University and received a master’s degree in economics there.
Profession
From 1951 to 1954, Buffett worked as an investment salesman at Buffett-Falk & Co. From 1954 to 1956, he worked as a securities analyst at Graham-Newman & Co.
In 1956, Buffett formed his own investment firm, Buffett Partnership, Inc., of which he served as general partner from 1956 to 1969. The firm’s primary strategy was to invest in undervalued stocks and hold them for the long term. Buffett’s success with the partnership played an important role in establishing his reputation as a savvy investor.
Since 1970, he has served as chairman and chief executive of Berkshire Hathaway Inc, a troubled textile company based in Massachusetts.
Buffett transformed Berkshire Hathaway into a diversified holding company with investments in a wide range of sectors, from insurance to retail. Over time, his investment strategy paid off, and Berkshire Hathaway became one of the most successful companies on the New York Stock Exchange.
In 1979, Berkshire’s stock price was $775 per share at the beginning of the year and closed at $1,310. Buffett’s net worth reached $620 million.
On May 29, 1990, Berkshire Hathaway began selling Class A shares, when the market closed at $7,175 per share, making Buffett a paper billionaire.
Today, he is one of the richest people in the world, with a net worth more than 70 times what it was in 1990 when he first became a billionaire.
Estimated Net Worth
In 2024, Warren Buffett’s net worth is estimated to be $130.4 billion.
Warren Buffett’s net worth over time
| Year | net worth |
|---|---|
| 2001 | $32.3 billion |
| 2002 | $35 billion |
| 2003 | $36 billion |
| 2004 | $42.9 billion |
| 2005 | $40 billion |
| 2006 | $42 billion |
| 2007 | $52 billion |
| 2008 | $62 billion |
| 2009 | $37 billion |
| 2010 | $47 billion |
| 2011 | $50 billion |
| 2012 | $44 billion |
| 2013 | $53.5 billion |
| 2014 | $58.2 billion |
| 2015 | $72.7 billion |
| 2016 | $60.8 billion |
| 2017 | $75.6 billion |
| 2018 | $84 billion |
| 2019 | $82.5 billion |
| 2020 | $67.5 billion |
| 2021 | $96 billion |
| 2022 | $118 billion |
| 2023 | $106 billion |
| 2024 | $130.4 billion |
personal life
There are two important women in Warren Buffett’s personal life: his first wife, Susan Thompson, and his second wife, Astrid Menkes.
Buffett married Susan in 1952 and they had three children: Susan Alice, Howard Graham and Peter Andrew.
Susan was an integral part of the Warrens’ philanthropy, and the couple donated to causes such as education and reproductive health. Sadly, Susan passed away in 2004 after a battle with cancer.
After Susan’s death, Buffett continued his philanthropy through the Susan Thompson Buffett Foundation, which focuses on reproductive health, family planning and education.
In 2006, Buffett married his longtime partner and friend, Astrid Menkes. Despite their somewhat unusual courtship, they have been together for more than 20 years and are known for their low-key lifestyle. Menkes is considered an important source of support and stability for Buffett, who credits her with helping him stay grounded and focus on the most important things in life.
Despite his vast wealth, Buffett is known for his frugal lifestyle. He still lives in a five-bedroom house in Omaha that he purchased in 1958 for $31,500. He is also known for his love of simple pleasures like hamburgers and Coca-Cola.
Buffett has also spoken publicly about his own struggles with mental illness. He has spoken publicly about his own battles with depression and encouraged others to seek help if they are experiencing mental issues.
Philanthropy
Warren Buffett is not only one of the richest men in the world, he is also one of the most generous philanthropists. He has pledged the majority of his wealth to charity and has donated billions of dollars to organizations dedicated to education, poverty alleviation, and disease prevention.
Buffett’s philanthropy stems from his belief in the importance of investing in people. He frequently speaks about the role of education in breaking the cycle of poverty and has donated millions of dollars to support scholarships, schools, and other educational initiatives.
One of Buffett’s most significant philanthropic efforts is the Giving Pledge, a commitment he made with Melinda and Bill Gates in 2010 to encourage the world’s wealthiest people to give away the majority of their wealth. Since then, more than 200 individuals and families around the world have signed the pledge and donated more than $600 billion to charity.
Buffett’s own charitable foundation, the Susan Thompson Buffett Foundation, named after his first wife, is dedicated to supporting reproductive health, family planning and education programs. The foundation has donated billions of dollars to organizations around the world and has played a major role in expanding access to important health services for women and families.
emphasize
Here are some highlights from Warren Buffett’s career:
- Control of Berkshire Hathaway (1965)
- Becomes Chairman and CEO of Berkshire Hathaway (1970)
- Berkshire acquires 6.3% of Coca-Cola ($1 billion, 1989)
- Berkshire acquires full control of GEICO for $2.3 billion (1995)
- Buffett invests $5 billion in Goldman Sachs (2008)
Warren Buffett’s Favorite Quotes
“Price is what you pay. Value is what you get.” —Warren Buffett
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” —Warren Buffett
“It is far better to buy a great business at a great price than to buy an average business at a great price.” -Warren Buffett
“We simply try to be fearful when others are greedy and greedy when others are fearful.” – Warren Buffett
“Someone is sitting in the shade of a tree today because someone planted a tree long ago.” -Warren Buffett
“Risk comes from not knowing what you are doing.” -Warren Buffett
Check out our collection of the best Warren Buffett quotes!
Warren Buffett’s success story
Now that we know Warren Buffett’s net worth and how he became successful; here are some of the best success lessons to learn from Warren Buffett:
1. Save before spending
The best way to invest is to set aside a certain amount of money each month for savings or investments. Then use the remaining money to pay bills and buy anything else you may need.
However, if you wait until the end of the month to buy, you will end up spending more money. This is because you have more cash to spend, so you will buy things you don’t necessarily need. And you won’t save any money.
2. Make good friends
As the saying goes, you are the average of the five people you spend the most time with.
So here’s the thing: You have to have good company.
Surround yourself with people who encourage you and push you to grow. These people can help you achieve your goals and provide you with knowledge that you wouldn’t otherwise have.
3. Enjoy what you do
Buffett believes that our lives are very short, and doing a job we don’t like, even if it can bring us wealth, is not worth our time.
The only way to live a successful life is to do things you love and not waste your time being miserable even though doing so may make you a lot of money.
Check out more success lessons from Warren Buffett!
Warren Buffett – Business Motivation
Frequently Asked Questions
How much is Warren Buffett worth?
Warren Buffett’s net worth is estimated to be $130.4 billion.
How old is Warren Buffett?
Warren Buffett was born on August 30, 1930 and is 93 years old.
How tall is Warren Buffett?
Warren Buffett’s height is 1.78 meters, which is equivalent to 5 feet 10 inches.
Summary
Warren Buffett is the most successful investor in the world. Considering his net worth, it’s hard to imagine him being anything other than that. In addition, he’s also incredibly successful as a businessman and philanthropist.
Throughout his long career, Buffett has demonstrated an exceptional ability to identify undervalued companies and generate long-term returns for shareholders.
What do you think of Warren Buffett’s net worth? Leave a comment below.
Categories: Net Worth
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