|Net Worth||$81 Billion|
|Born||August 30, 1930|
|Country of Origin||United States of America|
|Source of Wealth||Entrepreneur/Investor|
What is Warren Buffett’s net worth? Let’s find out. Warren Buffett was born in Nebraska in 1930, which makes him one of the oldest billionaires alive today. Bill Gates is a billionaire as well, but not nearly as old as Buffett.
But how did he become one of the wealthiest people in the world? Well, it all started when Warren Buffett enrolled at the University of Pennsylvania at the age of 16 to study business. He was there for two years before finishing up his degree at the University of Nebraska.
In 1951, he received his master’s degree in economics at Columbia University and was heavily influenced by economist Benjamin Graham. Buffett actually worked for Graham for two years as an analyst at Graham-Newman Corp. Warren Buffett’s net worth was slowly growing, but it didn’t hit the billionaires mark.
Five years later in 1956, Warren started the firm Buffett Partnership Ltd. in his hometown of Omaha. He used the techniques he acquired from his mentor Graham and was successful in finding undervalued companies. He quickly became a millionaire.
In 1965, he gained complete control of a textile company named Berkshire Hathaway, and four years later he slipped away from his firm to focus on the development of Berkshire Hathaway.
In 1988, Buffett bought more than $1 billion of Coca-Cola shares, which was equivalent to around 6.2% of the company. It became the largest position in his portfolio. In 1989, he joined their board of directors and remained in that position until 2006. He’s also served as director of The Gillette Company and Citigroup Global Markets Holdings. Without a doubt, Warren Buffett’s net worth had passed the billionaires mark by this time.
All this success in the business world has made Buffet an extremely rich man. As of 2019, Warren Buffett’s net worth is $82.7 billion. He had surpassed Jay Z, Dr. Dre, and Mark Zuckerberg in wealth. In fact, in 2006 he announced that he would slowly be giving away his wealth to various charities throughout the years.
He made good on his announcement by donating 18.6 million Class B shares of Berkshire Hathaway (worth over $3 billion) to five different foundations, including the Bill & Melinda Gates Foundation and the Sherwood Foundation.
According to one report, Buffett has given away over $40 billion to charity since the year 2000. Warren Buffet’s net worth makes him one of the richest people alive.