Warren Buffett Net Worth
Warren Buffett Net Worth: $84.2 Billion USD.
In 2008, Buffett became the richest person in the world, with a total net worth estimated at $62 billion. As of 2019 Warren Buffett is worth a staggering $84.2 Billion. In 2009, Gates regained the top position on the Forbes list, with Buffett shifted to second place. Warren Buffett and Bill Gates fought for first place over the years with Bill ahead as of 2019.
Warren Buffett was born in August 1930 making him 88yrs old. He is an American business magnate, investor, speaker and philanthropist who serves as the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of 84.4 billion dollars as of November 1, 2018, making him the third wealthiest person in the world.
Buffett is a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill and Melinda Gates Foundation. He founded The Giving Pledge in 2009 with Bill Gates, whereby billionaires pledge to give away at least half of their fortunes. He is also actively contributing to political causes, having endorsed Democratic candidate Hillary Clinton in the 2016 US Presidential election and he has publicly opposed the policies, actions, and statements of the current U.S. president Donald Trump.
In 1952, Buffett married Susan Thompson. The next year they had their first child, Susan Alice. In 1954, Buffett accepted a job at Benjamin Graham’s partnership. His starting salary was $12,000 a year (about $112,000 today) There he worked closely with Walter Schloss. And they had their second child,Howard Graham. In 1956, Benjamin Graham retired and closed his partnership. At this time Buffett’s personal savings were over $174,000 (about $1.60 million today) and he started Buffett Partnership Ltd.
In 1957, Buffett operated three partnerships. He purchased a five-bedroom stucco house in Omaha, where he still lives, for $31,500. In 1958 the Buffett’s’ third child,Peter Andrew, was born. Buffett operated five partnerships that year. In 1959, the company grew to six partnerships and Buffett met future partner Charlie Munger. By 1960, Buffett operated seven partnerships. He asked one of his partners, a doctor, to find ten other doctors willing to invest $10,000 each in his partnership. Eventually eleven agreed, and Buffett pooled their money with a mere $100 original investment of his own.
In 1962, Buffett became a millionaire because of his partnerships, which in January 1962 had an excess of $7,178,500, of which over $1,025,000 belonged to Buffett. He merged these partnerships into one. Buffett invested in and eventually took control of a textile manufacturing firm, Berkshire Hathaway. In 1966, Buffett closed the partnership to new money. He later claimed that the textile business had been his worst trade He then moved the business into the insurance sector, and, in 1985, the last of the mills that had been the core business of Berkshire Hathaway was sold.
Buffett became a billionaire when Berkshire Hathaway began selling class A shares on May 29, 1990, with the market closing at $7,175 a share.