What is Warren Buffett’s Net Worth?
Introduction
Warren Buffett is an American business magnate and investor. You will soon discover why Warren Buffett is considered the greatest and most successful investor on the planet.
Buffett is the Chairman and the largest shareholder of Berkshire Hathaway, since 1970. He’s also one of the wealthiest people in the entire world.
Warren Buffett’s net wealth is $100.6 billion, as of June 2022.
Early Life
Warren Buffett was born in Omaha, Nebraska, on the 30th of August 1930.
He has two older siblings, and his parents are Leila & Howard. Buffett attended Rose Hill Elementary school. His father, who was a congressman in 1942, was elected to the United States Congress for the first time.
Warren graduated from elementary school in Washington, D.C. In 1947, he graduated from Woodrow Wilson High School after attending Alice Deal Junior High School.
Buffett spoke these words in his senior yearbook: “I like math, I will be a stockbroker in the future.”
Career
Buffett was employed as an investment broker at Buffett-Falk & Co. from 1951 to 1954; as a securities analyst at Graham-Newman Corp. from 1954 to 1956; as a general partner at Buffett Partnership, Ltd. from 1956 to 1969; and as the Chairman and CEO at Berkshire Hathaway Inc. from 1970 to 1970.
Berkshire started 1979 trading at $775 per share and ended the year at $1,310. Buffett’s net worth was $620 million.
Buffett was made a paper billionaire by Berkshire Hathaway’s introduction of class A shares in May 1990. The market closed at $7,175 per share.
He is today one of the most wealthy people in the world. His net worth has increased to more than 70X since 1990 when he became a billionaire.
Highlights
Here are some highlights of Warren Buffett’s career:
- Takes control of Berkshire Hathaway (1965)
- Becomes chairman and CEO of Berkshire Hathaway (1970)
- Berkshire acquires 6.3% of Coca-Cola ($1 billion, 1989)
- Berkshire takes full control of GEICO in a $2.3 billion deal (1995)
- Buffett invests $5 billion in Goldman Sachs (2008)
Three Success Lessons From Warren Buffett
Now that you are familiar with Warren Buffett’s net worth and his success story, here are some success lessons you can learn from him:
1. Make A Savings Before You Spend
Saving or investing money in a monthly amount is the best way. Spend the rest of your money to pay your bills, or to purchase any other items you may want.
You will spend more if you wait until the end of each month. This is because you have less money and will end up buying things you don’t really need. Save nothing.
2. Keep Good Company
The saying goes that you are the average of 5 people you spend the most time with.
Let’s face it, you need to surround yourself with great people.
People who encourage you and push you to improve are the best people you can surround yourself with. People who will support you in achieving your goals and offer you the knowledge you otherwise wouldn’t be able to.
3. Enjoy What You Do
Buffett believes that life is short and that we shouldn’t take on any jobs that don’t interest us, even though they might bring us wealth.
You can only live a fulfilled life if you do what you love and don’t waste your time on being unhappy. You might not receive much money for doing this.
Favorite Warren Buffett Quotes
“It takes 20+ years to build a good reputation, but only 5 minutes to ruin it. When you look at that, you will do things differently.
“I’ve seen more people die from alcohol and leverage — borrowing money. This world doesn’t require leverage. If you are smart, you can make a lot of cash without borrowing.”