Warren Buffett Net Worth 2021
What is Warren Buffett’s net worth? Warren Buffett net worth comes from Berkshire Hathaway.
Warren Edward Buffett is an American investor, business tycoon, philanthropist, and chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world.
Warren Buffett Net Worth
| Net Worth |
US$ 109.1 billion |
| Age |
90 (born August 30, 1930) |
| Country of Origin |
USA |
| Source of Wealth |
Berkshire Hathaway |
Early Life
Warren Buffett was born in 1930 in Omaha, Nebraska, the second of three children and the only son of Layla and Congressman Howard Buffett. Buffett showed an interest in business and investment at a young age. He was inspired by a book he borrowed from the Omaha Public Library at the age of seven, A Thousand Ways to Make $ 1,000. Much of Buffett’s early childhood years were revived with entrepreneurial ventures. In one of his first commercial ventures, Buffett sold chewing gum, Coca-Cola bottles, and weekly magazines door-to-door. He worked in his grandfather’s grocery store. While still in high school, he made money delivering newspapers, selling golf balls and stamps, and detailing cars, among other means. On his first tax return in 1944, Buffett took a $ 35 discount to use his bike and watch it on his paper path. In 1945, as a sophomore in high school, Buffett and a friend spent $ 25 to purchase a used pinball machine and set it up at a local barbershop. Within months, they owned several machines at three different salons across Omaha. They sold the company later in the year for $ 1,200 to a veteran.
At the age of eleven, he bought himself three shares of the Favorite Cities Service and three for his sister Doris Buffett (who also became a philanthropist). At the age of fifteen, Warren was making over $ 175 a month delivering Washington Post newspapers. In high school, he invested in a company owned by his father and bought a 40-acre farm with tenant farmer work. He bought the land when he was fourteen years old with $ 1,200 from his savings. By the time he finished college, Buffett had amassed $ 9,800 in savings.
Warren Buffett’s net worth in 2021 is $109.1 Billion.
Education
In 1947, Buffett attended the Wharton School of the University of Pennsylvania. He moved to the University of Nebraska where he graduated at the age of nineteen with a Bachelor of Science in Business Administration. After being rejected by Harvard Business School, Buffett attended Columbia Business School at Columbia University after learning that Benjamin Graham had taught there. Buffett received a master’s degree in economics from Columbia University in 1951. After graduating, Buffett enrolled at the New York Institute of Finance.
Few Facts About Warren Buffett
- He bought his first stock when he was 11 years old
- He made $53,000 by the age of 16
- He was rejected by Harvard Business School
- He’s lived in the same house since 1958
- His father-in-law told him he would fail
- Nearly 94 percent of his wealth was earned after he turned 60
- He plays the ukulele
- Buffett pledged to donate 85 percent of his Berkshire Hathaway stocks to charitable foundations
- He was awarded the “Presidential Medal of Freedom” by Barack Obama
- His face was on Cherry Coke cans in China
Top Warren Buffett Quotes
- “Time is the friend of the wonderful company, the enemy of the mediocre.”
- “It is not necessary to do extraordinary things to get extraordinary results.”
- “An investor should act as though he had a lifetime decision card with just twenty punches on it.”
- “The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.”
- “Be fearful when others are greedy and greedy only when others are fearful.”
- “You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.”
- “Rule No. 1: never lose money; rule No. 2: don’t forget rule No. 1.”
- “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.”
- “When you combine ignorance and leverage, you get some pretty interesting results.”
- “The most important investment you can make is in yourself.”
