Warren Buffet Net Worth
Warren Buffett is a US business giant, investor, and philanthropist. Buffett operates Berkshire Hathaway, which has more than 60 companies, including insurance company Geico, battery manufacturer Duracell and chain restaurant Dairy Queen. He is the son of a US Congressman who first purchased the stock at the age of 11 and submitted the tax for the first time at the age of 13.
At the time of this writing, Forbes set Warren Buffett’s net worth at $80.6 Billion. This will make him the third-ranked list of the richest people in the world, second only to Jeff Bezos and Buffett’s good friend Bill Gates.
Considering that Buffett’s life is almost entirely investment, Buffett’s success is shocking. He was able to find enough right investments at the right time, which made him a giant in the stock and business world. He is a respected person; people spend Millions of dollars with him for lunch and have a deep understanding of his ideas. As he drinks all the soda, he must have enough energy.
In 1962, Warren saw the opportunity to invest in a New England textile company called Berkshire Hathaway and buy some shares. After a dispute with management, Warren began actively buying stocks and persuaded the company to change leadership. Ironically, buying Berkshire Hathaway is one of Warren’s main regrets.
One of the main principles of Buffett’s investment business is to choose companies that stabilize the industry. The other is a company that simply picks the products he likes. That’s why Berkshire Hathaway bought See’s Candy for $25 Million in 1972 and turned it into a highly profitable company.
Berkshire Hathaway’s best-known subsidiaries include, but are not limited to, GEICO (yes, Little Gecko belongs to Warren Buffett), Dairy Queen, NetJets, Benjamin Moore & Co. And Fruit of the Loom. Again, these are just a few of Berkshire Hathaway’s majority stakes.
Warren Buffett net worth comes from his various stocks and his portfolio. His annual salary is $100,000. This is far from being a ridiculous salary, but the six figures he made in his work last year only accounted for 0.00001% of his current valuation.