Biography

Warren Buffett Net Worth, Wiki, Bio

Warren Buffett Net Worth is $79 Billion USD and earns an annual income of $8 Billion dollars. Warren Buffett is an American business magnate, investor, and philanthropist. Buffett serves as the Chief Executive Officer and Chairman of Berkshire Hathaway. Warren Buffett recently bought a brand new Rolls Royce luxury car for $800,000 USD. The Net Worth of Warren Buffett has seen a hike of 45% over the past few years. While calculating Warren Buffett Net Worth we have included the data updated as of this Quarter. Check out the Exclusive information on Warren Buffett Net Worth details such as Yearly Income, House, Car Collection, Investments etc.

Warren Buffett Net Worth and Income Details

Warren Buffett Net Worth 2017 House Cars Income

Warren Buffett Net Worth $79 Billion USD
Annual Income $8 Billion USD
Luxury Cars – 15 $5 million USD
Houses – 8 $340 million USD

Warren Buffett Cars

The Car collection of Warren Buffett is Quite Large. Warren Buffett owns few of the best luxury cars in the world. The Car brands owned by Warren Buffett include Porsche, Jaguar and Rolls Royce.

Warren Buffett Biography

Warren Buffett was born in 1930 in Omaha, Nebraska, the second of three children and the only son of Leila (née Stahl) and Congressman Howard Buffett. Warren Buffett began his education at Rose Hill Elementary School.

In 1942, his father was elected to the first of four terms in the United States Congress, and after moving with his family to Washington, D.C., Warren finished elementary school, attended Alice Deal Junior High School and graduated from Woodrow Wilson High School in 1947, where his senior yearbook picture reads: “likes math; a future stockbroker.”

After finishing high school and finding success with his side entrepreneurial and investment ventures, Warren Buffett wanted to skip college to go directly into business, but was overruled by his father.

In 1947, Warren Buffett entered the Wharton School of the University of Pennsylvania. He would have preferred to focus on his business ventures; however, he enrolled due to pressure from his father.

Warren Buffett studied there for two years and joined the Alpha Sigma Phi fraternity. He then transferred to the University of Nebraska–Lincoln where at 19, he graduated with a Bachelor of Science in Business Administration.

After being rejected by Harvard Business School, Warren Buffett enrolled at Columbia Business School of Columbia University upon learning that Benjamin Graham taught there. Warren Buffett earned a Master of Science in Economics from Columbia in 1951. After graduating, Warren Buffett attended the New York Institute of Finance.

Warren Buffett worked from 1951 to 1954 at Buffett-Falk & Co. as an investment salesman; from 1954 to 1956 at Graham-Newman Corp. as a securities analyst; from 1956 to 1969 at Warren Buffett Partnership, Ltd. as a general partner and from 1970, as Chairman and CEO of Berkshire Hathaway Inc.

Warren Buffett Wiki

In April 1952, Warren Buffett discovered that Graham was on the board of GEICO insurance. Taking a train to Washington, D.C. on a Saturday, he knocked on the door of GEICO’s headquarters until a janitor admitted him.

There he met Lorimer Davidson, Geico’s Vice President, and the two discussed the insurance business for hours. Davidson would eventually become Warren Buffett’s lifelong friend and a lasting influence, and would later recall that he found Warren Buffett to be an “extraordinary man” after only fifteen minutes.

Warren Buffett wanted to work on Wall Street; however, both his father and Ben Graham urged him not to. He offered to work for Graham for free, but Graham refused.

Towards his later life, particularly following the global financial crisis of 2007-08, Warren Buffett became an increasingly vocal critic of active management, i.e., mutual funds and hedge funds.

Warren Buffett is skeptical that active management and stock-picking can outperform the market in the long run, and has advised both individual and institutional investors to move their money to low-cost index funds that track broad, diversified stock market indices.

Warren Buffett said in one of his letters to shareholders that “when trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients.”

In 2007, Warren Buffett made a bet with numerous managers that a simple S&P 500 index fund will outperform hedge funds that charge exorbitant fees. By 2017, the index fund was outperforming every hedge fund that had made the bet against Buffett by a significant margin.

Warren Buffett Bio

In 1949, Warren Buffett was infatuated with a young woman whose current boyfriend had a ukulele. In an attempt to compete, he bought one of the diminutive instruments and has been playing it ever since.

Though the attempt was unsuccessful, his music interest was a key part of his becoming a part of Susan Thompson’s life and led to their marriage. Warren Buffett often plays the instrument at stock holder meetings and other opportunities. Warren Buffett love of the instrument led to the commissioning of two custom Dairy Queen ukuleles by Dave Talsma, one of which was auctioned for charity.

Warren Buffett married Susan Buffett (née Thompson) in 1952. They had three children, Susie, Howard and Peter. The couple began living separately in 1977, although they remained married until Susan Buffett’s death in July 2004. Their daughter, Susie, lives in Omaha, is a national board member of Girls, Inc., and does charitable work through the Susan A. Buffett Foundation.

In April, 2012, Warren Buffett was diagnosed with stage I prostate cancer during a routine test. He announced he would begin two months of daily radiation treatment from mid-July; however, in a letter to shareholders, Buffett said he felt “great – as if I were in my normal excellent health – and my energy level is 100 percent”.

In September, 2012, Warren Buffett announced that he had completed the full 44-day radiation treatment cycle, saying “it’s a great day for me” and “I am so glad to say that’s over”.

Disclaimer

The net worth details are being posted/updated after conducting reasonable research. It is being reiterated that the details mentioned here are only ‘estimates’ which may or may not be the reality. While utmost care is taken by FinApp during the compilation of information to ensure that the estimated net worth is closer to the reality, FinApp shall not assume any liability or responsibility for the outcome of decision(s) taken as a result of any reliance placed in this post.

Further, if any of the readers have a credible information about any inaccuracy in the data posted, they may kindly let Finapp know about the same through an email to mail@finapp.co.in. Changes shall made based on such information after reasonable due diligence from FinApp’s side.

Warren Buffett Net Worth Growth Estimate

The Net Worth and Income of Warren Buffett is expected to continue to grow at a Strong pace. Over the next few years, Warren Buffett’s Net worth is likely to grow by around 65%.

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