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Warren Buffett
  • Net Worth : $130 Billion
    0.00%
    Real Time Net Worth as of 2024/06/23
  • Wealth Source : Berkshire Hathaway
  • Industry : Finance & Investments
  • Date of Birth : 1930/08/29
  • Age : 93
  • Gender : Male
  • Citizenship : United States
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Warren Buffett
  • Net Worth : $130 Billion
    0.00%
  • Wealth Source : Berkshire Hathaway
  • Industry : Finance & Investments
  • Date of Birth : 1930/08/29
  • Age : 93
  • Gender : Male
  • Citizenship : United States
People in Finance & Investments

Warren Buffett Net Worth 2024

Year Net Worth

Warren Buffett serves as chairman and holds the largest portion of ownership in Berkshire Hathaway, an investment company.

Since 1965, Berkshire Hathaway has shown consistent growth, with its market value per share increasing by an average of 19.8% annually. In 2023, the company reported these impressive figures in its shareholder letter.

Buffett’s holdings in Berkshire Hathaway consist of approximately 37.9% of Class A shares and less than 0.001% of Class B shares, as indicated in official filings from June and August 2023.

Warren Buffett shares

Additionally, Warren Buffett holds a stake of less than 1% in U.S. Bancorp, as reported in a 13G filing from November 2022.

In one of his shareholder letters from 2011, Buffett disclosed that Berkshire Hathaway represented “more than 98%” of his overall net worth.

To put this into perspective, based on the value of his Berkshire shares as of February 25, 2012, his non-Berkshire investments were estimated to be in the range of $500 million to $900 million.

Furthermore, in a separate letter addressed to US Congressman Tim Huelskamp on October 11, 2011, Buffett revealed an adjusted gross income of $62.9 million for the year 2010.

Given that Berkshire Hathaway shares do not yield dividends, this income suggests that his non-Berkshire assets were valued at around $500 million, assuming an investment return rate of 13%.

Non-portfolio stock value

In 2010, Buffett’s non-Berkshire stock portfolio was estimated at $533 million. This portfolio comprised $61 million worth of Wells Fargo stock, as per SEC filings, and $472 million in cash, representing undisclosed shareholdings.

The value of the cash portion has been adjusted over time to account for changes in market performance, dividends, share purchases, and tax considerations.

warren buffett net worth - comparewise

Warren Buffett’s biography

Warren Buffett, a native of Nebraska, showed a talent for making money at a young age. The young Warren earned income through newspaper delivery and also sold candies and magazines in the neighborhood.

At just 11 years old, he purchased his first stock, which consisted of three preferred shares of Cities Service, shortly after visiting the New York Stock Exchange.

In 1950, Buffett decided to apply to Columbia University because he learned that Benjamin Graham and David Dodd, the authors of the book “The Intelligent Investor,” were teaching there.

After Warren completed his master’s degree in economics, he worked as a securities analyst and stockbroker before he decided to float his own investment firm, known as Buffett Partnership.

In 1962, Buffett initiated the acquisition of shares in a struggling textile manufacturer called Berkshire Hathaway. Later, Warren became the company’s chairman, and under his leadership, he was able to transform the textile outfit into a holding company.

Over the years, his investments with Berkshire Hathaway have yielded an impressive compound return of more than 20% each year.

Warren Buffett is renowned as a value investor who prefers to hold onto his investments for the long term. He only invests in companies with straightforward and easily comprehensible business operations.

His role during the 2000s economic downturn

During the economic downturn of the late 2000s that hit many companies, Buffett played a role that helped many companies like Goldman Sachs, General Electric, and Swiss Re. Surprisingly, Warren Buffett declined requests for assistance from Lehman Brothers Holdings.

With the $34 billion record price he paid for Burlington Northern Santa Fe, Buffett made a significant investment in the American economy to support his homeland.

The Bill & Melinda Gates Foundation, which Buffett founded as a philanthropist, will carry on Buffett’s charitable work after his death. Buffett has been in the vanguard of donating the bulk of his money to organizations.

Warren Buffett’s significant achievement

A real corporate and media giant, Warren Buffett’s life is a flurry of creativity and commercial skill.

YearMilestoneAchievement
1930Warren Buffet was born in Omaha city of Nebraska, USA.
1951He graduated with a degree in Economics from Columbia UniversityEconomics Degree
1952He got married to Susan ThompsonMarried 
1959He met Charlie Munger for the first time who became his business partner
1970Warren Buffet became the chairman and CEO of Berkshire HathawayCEO 
1976A SPIKE IN  Berkshire Hathaway sharesBiggest gain.
2006Warren married Astrid Menks two years after his wife died
2013Berkshire Hathaway and 3G collaborated and bought Hentz$23 billion.

Warren Buffett’s net worth

Warren Buffett, an American investor and philanthropist, possesses a net worth of approximately $120 billion. Warren Buffett is widely regarded as the most exceptional investor of the 20th century.

Berkshire Hathaway, the holding company owned by Warren Buffet, is now worth more than $25 million if you had invested $1,000 in it back in 1965.

This calculation does not include any dividends distributed by the companies held by Berkshire Hathaway since the company itself does not pay dividends.

Warren Buffett’s fascination with the stock market began during his childhood. When he was ten years old, he visited the New York Stock Exchange during a trip to New York City, much like others would visit the Statue of Liberty.

It was an absolute must-see attraction for the young Buffett. At the age of 11, he even purchased three shares of City Service Preferred for himself. As of 2023, Buffett’s investment conglomerate, Berkshire Hathaway, is the owner of many companies.

It has a market valuation of let’s say $700 billion and maintains major stakes in many other companies. Surprisingly, once he reached 50, Buffett accumulated around 99% of his fortune.

Buffett has promised to donate 99% of his net worth to charity before he passes out. According to him, a significant portion of this philanthropic contribution will be directed toward the foundation founded by Bill Gates.

The Giving Pledge, a project to persuade other billionaires to donate at least 50% of their money to philanthropic causes throughout their lives, was founded by Warren and Bill.

Notable accomplishments

When Warren Buffett was in New York, he had the opportunity to expand upon the investment principles he had learned from Benjamin Graham during his time at Columbia University.

Graham’s value investing strategy centered on selecting companies that were selling well below their intrinsic value, or the genuine worth of the underlying assets. Buffett grasped this concept but wanted to take it a step further.

In 1956, he returned to his hometown of Omaha, where he started Buffett Associates and purchased a house. By 1962, at the age of 30, Buffett was already a millionaire.

It was during this time that he teamed up with Charlie Munger, whom he had first met in 1959. Their partnership led to the development of an investment philosophy that went beyond simply squeezing the last profits out of struggling businesses.

Along the way, Buffett and Munger acquired Berkshire Hathaway, a failing textile mill. What initially began as a typical value investment, following Graham’s style, evolved into a long-term endeavor as the textile business began to show signs of improvement.

The profits generated from the textile business were reinvested into other ventures. Eventually, Berkshire Hathaway’s original textile business was overshadowed by its other holdings.

In 1985, Buffett decided to close down the textile operations but retained the company name, ultimately transforming Berkshire Hathaway into a multi-billion-dollar conglomerate.

Warren’s wealth and philanthropy

Now, let’s find out how Warren Buffett manages income and investments and also pledges to give to the needy. He’s decided to graciously donate his riches, after all.

In a remarkable move in June 2006, Buffett made headlines by announcing his plan to donate the majority of his wealth to the Bill & Melinda Gates Foundation.

This foundation works on fulfilling a number of set objectives, these goals include: solving issues related to world health as well as assisting American libraries.

Additionally, it NGO also advocates for the globalization of education. It is important to note that this NGO is among, if not the biggest and most open NGO’s on earth.

Philanthropic and donations

Buffett’s contributions take the form of Class B shares from his company, Berkshire Hathaway. In total, he pledged to donate 10 million shares to the Gates Foundation.

These shares will be distributed gradually, in 5% increments, either until Buffett’s passing or if the foundation doesn’t meet certain spending and involvement criteria set forth, specifically the active participation of either Bill or Melinda Gates in its activities.

His initial donation in 2006 amounted to 500,000 shares, valued at roughly $1.5 billion.

In June 2022, Mark Suzman, the CEO of the Bill & Melinda Gates Foundation, shared an email with the foundation’s employees and posted it on their website, revealing that Buffett’s contributions since 2006 have surpassed an astounding $36 billion.

USA Today reported that in 2023, Buffett donated 10,453,008 shares of Berkshire Hathaway stock, totaling $3.5 billion, bringing his overall contributions to an impressive $39.5 billion.

Furthermore, Buffett expects the appreciation of stock prices to continue growing this amount over time.
In the same year, Buffett also distributed another stock donation of 731,708 shares, evenly divided among three charities managed by his children.

Additionally, 1,045,300 shares were directed to a foundation established in honor of his first wife.

Warren Buffett’s investment approach

Warren Buffett’s approach to investing is rooted in the idea of acquiring stocks from companies he believes are well-managed and undervalued.

When he decides to invest, his plan is to hold onto these stocks for the long term. Some well-known companies that met his criteria, such as Coca-Cola, American Express, and Costco, have been part of Berkshire Hathaway’s portfolio for many years.

In some instances, he even bought these companies outright, allowing their existing management teams to continue running the day-to-day operations. Examples of such acquisitions include:

  • See’s Candies,
  • Fruit of the Loom,
  • Dairy Queen,
  • Pampered Chef Ltd.,
  • Heinz
  • GEICO.

Buffett’s reputation remained strong until the era of technology stocks gained popularity.

Despite his reluctance to embrace technology, Buffett chose to stay out of the tech stock frenzy during the late 1990s.

He remained steadfast in his investment principles and refused to invest in companies that didn’t align with his approach.

This decision earned him criticism from Wall Street experts, and many wrote him off as a relic of the past.
However, when the dot-com bubble burst, resulting in the tech wreck, many of those experts faced financial ruin, while Buffett’s profits doubled.

Personal life of Warren Buffett

Despite his immense wealth, Warren Buffett is known for his frugal lifestyle. He still resides in the same five-bedroom house he purchased back in 1958 for a mere $31,500.

His beverage of choice is Coca-Cola, and he often dines at local restaurants, preferring a simple meal like a burger or steak.

For years, he resisted the idea of owning a corporate jet, and when he finally acquired one, he humorously named it the “Indefensible” to highlight his stance against excessive spending on such luxuries.

Warren Buffett married Susan Thompson in 1952. Although they separated in 1977, they remained legally married until her passing in 2004. Together, they had three children: Susie, Howard, and Peter. Susan Thompson introduced Warren Buffett to Astrid Menks, a waitress, and they began living together in 1978.

Eventually, they tied the knot in August 2006.

Conclusion

The amount of money that Buffett will continue to contribute seems to be increasing in the future. “I am not an enthusiast of dynastic wealth,” he told BBC News in 2006, “particularly when the alternative is six billion people with much poorer hands in life than we have having a chance to benefit from the money.”

Buffett built his money by following the tried-and-true methods of value investing, which include identifying high-quality firms at fair market prices. He then retains these assets for the long term, in some cases forever, allowing compounding to work its magic.

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FAQs about Warren Buffett's net worth

How did Warren Buffett make his billions?

Buffett's wealth was established via meticulous study and opportune acquisitions of inexpensive stocks and businesses, which he subsequently held for the long term. For the most part, he retained current management since they had clearly done a good enough job to make their firm appealing to Buffett in the first purchase. He's been in the stock market for a long time, owning firms like Coca-Cola and American Express. (He retains ownership of both.)

What will Warren Buffett do with his fortune?

The obvious solution is to give it away, which he intends to do by making mega-donations, principally to the Bill & Melinda Gates Foundation, with whom he shares and appreciates their humanitarian goals, such as global health and women's rights. Warren Buffet is renowned for his generosity in donating to worthwhile organizations, so it is no surprise that he would donate the overwhelming bulk of his money to beneficial causes.

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December 29, 2023
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