How rich is Warren Buffett?
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Warren Buffett Net Worth, Biography, Wiki 2017-2016
Warren Edward Buffett was born on 30 August 1930, in Omaha, Nebraska USA, and is known worldwide variously as the “Sage of Omaha”, “Wizard of Omaha” or “Oracle of Omaha”, as he is currently ranked the third richest person in the world by Forbes and Bloomberg, being primarily an extremely knowledgeable investor and financial advisor, also a business magnate, financier and generous philanthropist.
So just how rich is Warren Buffett? According to Forbes, Warren’s net worth in 2015 is estimated to be a very impressive $73 billion, the vast majority of his wealth having been accumulated as a result of his consistently successful investing through his company “Berkshire Hathaway”.
Warren Buffett Net Worth $73 Billion
Warren Buffet is the only son of US Congressman Howard Buffett and mother Leila (née Stahl). Warren went to school in Washington DC, and then to the University of Pennsylvania for two years (including joining the Alpha Sigma Phi fraternity) before transferring to the University of Nebraska from where he graduated at nineteen with a BSc in business administration. After unsuccessfully applying to Harvard Business School, Buffett enrolled at Columbia Business School, and graduated with a MSc in economics in 1951. Buffett also attended the New York Institute of Finance.
Even in primary school, Warren Buffett made money in all sorts of ways, including owning second-hand pinball machines, working in his grandfather’s store, selling golf balls, chewing gum, and magazines door-to-door. Buffett’s interest in the stock market and investing began in his schooldays too, sometimes spent in the customers’ lounge of a regional stock brokerage near his father’s office, plus visiting the NYSE when he was 10. At 11, he bought three shares of Cities Service for himself, and three for his sister Doris (founder The Sunshine Lady Foundation). In high school, he invested in a business owned by his father, and bought a farm worked by a tenant farmer.
Warren Buffett began his full-time working career as an investment salesman for “Buffett-Falk & Co.”, then as a securities analyst in “Graham-Newman Corp”, and subsequently went on to work at “Buffett Partnership, Ltd”. In 1957 he had three partnerships operating, increasing to five the next year, and which by 1962 made him a millionaire. That year his partnerships had assets of over $7 million, $1 million of which belonged to Buffett.
Buffett’s first private investment was the department store “Hochschild, Kohn and Co”. However, it was “Berkshire Hathaway” that brought him huge financial success, firstly from buying the shares of this multinational conglomerate holding company, then becoming chairman in 1965. The company became the portal for virtually all Buffett’s investments, giving him a spot on the Forbes 400 in 1979, and making him a billionaire by 1990. Warren Buffett is now chairman , CEO and the largest shareholder of the company. In 2008, he was listed by Forbes as the richest person in the world. In 2012, Time magazine named Buffett one of the most influential people in the world, a position which he has held in every year since, regardless of formal acknowledgement.
In addition to the profits gained from his company, Buffett accumulated a large amount of his net worth due to forward contracts, the value of which by 2006 was over $2 billion. That same year Buffett announced that he would give away 85% of his Berkshire holdings to five charitable organizations – the largest amount going to the “Bill and Melinda Gates Foundation” co-founded with Bill Gates with the aim of reducing poverty and enhancing healthcare – plus others such as “Nuclear Threat Initiative”, “Glide Foundation”, and “Buffett Foundation” created in order to manage his charitable donations. As a result of his philanthropy, Warren Buffett’s annual salary in recent years amounts to only $100,000.
Buffett’s humble and generous personality has inspired many authors such as Robert Lowenstein, Alice Shroeder, Janet Lowe, and John Train to release books about him. Warren Buffett is also a known writer himself, and has been publishing annual reports and various articles for a number of years, the most prominent of which is “The Superinvestors of Graham-and-Doddsville”.
Warren was married to Susan from 1952 until her death in 2004, although they lived separate lives from the late 70s; they have one daughter. In 2006 he married Astrid Menks, with whom he had been co-habiting for many years. Warren Buffett lives in a house in Omaha, which he purchased in 1957 for $31,000. During his free time, Buffett enjoys playing bridge, and has even sponsored a Buffett Cup bridge match.
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Warren Buffett information
|Birth date:||August 30, 1930|
|Birth place:||Omaha, Nebraska, United States|
|Height:||5 ft 10 in (1.78 m)|
|Profession:||Investor, Entrepreneur, Businessperson, Financier|
|Education:||Columbia Business School (1950–1951)|
|Spouse:||Astrid Menks (m. 2006), Susan Buffett (m. 1952–2004)|
|Children:||Howard Graham Buffett, Peter Buffett, Susan Alice Buffett|
|Books:||The Essays of Warren Buffett|
|The Office||2011||TV Series||Interviewee|
|Liberty's Kids: Est. 1776||2003||TV Series||James Madison|
|Wall Street: Money Never Sleeps||2010||special thanks|
|On the Money||2014-2015||TV Series||Himself - Chairman, Berkshire Hathaway / Himself - Chairman / CEO, Berkshire Hathaway / ...|
|60 Minutes||2011-2015||TV Series documentary||Himself - Billionaire Philanthropist (segment "All-American") / Himself - Investor (segment "The Giving Pledge") / Himself - Chairman, Berkshire Hathaway (segment "Howard Buffett")|
|Squawk Box||2010-2015||TV Series||Himself / Himself - Chairman / CEO, Berkshire Hathaway / ...|
|The Willis Report||2014||TV Series||Himself - Berkshire Hathaway Chairman|
|Late Night with Seth Meyers||2014||TV Series||Himself|
|Mike & Mike||2014||TV Series||Himself - Chairman and CEO, Berkshire Hathaway Inc.|
|Piers Morgan Tonight||2013||TV Series||Himself|
|Charlie Rose||2006-2013||TV Series||Himself - Guest|
|Secret Millionaires Club||2011-2013||TV Series||Himself|
|CBS News Sunday Morning||2013||TV Series documentary||Himself - Guest|
|Today||2009-2013||TV Series||Himself / Himself - Guest|
|The Daily Show||2012||TV Series||Himself|
|The Billionaires' Pledge||2012||TV Movie documentary||Himself|
|Food Wars||2010||TV Series||Himself|
|The 7PM Project||2010||TV Series||Himself|
|Wall Street: Money Never Sleeps||2010||Himself|
|The World's Greatest Money Maker: Evan Davis meets Warren Buffett||2009||TV Movie documentary||Himself|
|Der Schein trügt||2009||Documentary||Himself|
|All My Children||2008||TV Series||Himself|
|Buffett and Gates Go Back to School||2006||TV Movie||Himself|
|American Morning||2006||TV Series||Himself|
|Woodstock for Capitalists||2001||Documentary|
|ESPN SportsCentury||2000||TV Series documentary||Himself|
|Capital||2000||TV Series documentary||Himself|
|60 Minutes||2012-2015||TV Series documentary||Himself - Billionaire Philanthropist (segment "All-American") / Himself - Investor (segment "The Giving Pledge") / Himself - Howard's Father (segment "Howard Buffett")|
|We're Not Broke||2012||Documentary||Himself - World's Second Richest Man|
|Unnatural Causes||2008||TV Mini-Series documentary||Himself - World's Richest Man|
|The O'Reilly Factor||2007||TV Series||Himself|
|World Business Satellite||2007||TV Series||Himself|
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|1||In 1989, after having spent nearly $6.7 million of Berkshire's funds on a private jet, Buffett named it "The Indefensible". He is known to prefer public transportation.|
|2||Release of the book, "The Snowball: Warren Buffett and the Business of Life", by Alice Schroeder.|
|3||He is a huge fan of the series Breaking Bad (2008).|
|4||Has admitted he still works in Business because he enjoys it despite the fact that he could have retired decades ago.|
|5||Always flies coach when traveling.|
|6||He still lives in the house in Omaha, Nebraska that he bought in 1958.|
|7||Diagnosed with stage-1 prostate cancer [April 17, 2012].|
|8||Forbes magazine estimated his personal net worth at $47 billion, making him the world's second richest American after friend Bill Gates whose personal net worth was a reported $53 billion. [February 2010]|
|9||Father-in-law of Jennifer Buffett.|
|10||Ex-father-in-law of Mary Buffett.|
|11||He is a member of Alpha Sigma Phi fraternity.|
|12||Gave approximately 10 million Berkshire Hathaway B (net worth $30.7 billion) shares to the Bill & Melinda Gates Foundation, making it the largest charitable donation in history (23 June 2006).|
|13||According to Forbes, he became the world's richest person with an estimated net worth of $62 billion (2008).|
|14||Has three children: Susie, Howard Buffett and Peter Buffett.|
|15||One of the largest shareholders of Coca-Cola, Gillette, Kraft, UPS and American Express, among other large corporations.|
|16||According to Forbes magazine, his 2005 net worth is $44 billion.|
|17||When he took over Berkshire Hathaway, it was an unknown textile mill. Now, it is one of the largest conglomerates in the world, and a Fortune 10 company.|
|18||Known for his clean business practices and advocacy of transparency and integrity in corporations.|
|1||Efficiency is required over time in capitalism. I don't know of any company that has a policy that says 'We're going to have a lot more people than we need'.|
|2||[on forward-thinking] Someone is sitting in the shade today because someone planted a tree a long time ago.|
|3||Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.|
|4||I buy expensive suits. They just look cheap on me.|
|5||Price is what you pay. Value is what you get.|
|6||The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.|
|7||It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.|
|8||We can rise to any challenge, but not if people feel we're in a plutocracy. We have to get serious about shared sacrifice.|
|9||[on raising taxes on the wealthiest people] If you give me a choice between taking $1000 from twenty million families or hitting 50,000 people who shuffle money around all day, I'll take it from the people who shuffle money.|
|10||Investors... should try to be fearful when others are greedy and greedy when others are fearful.|
|11||Nothing sedates rationality like large doses of effortless money.|
|12||You only have to do a very few things right in your life so long as you don't do too many things wrong.|
|13||It is better to be approximately right than precisely wrong.|