Warren Buffett Net Worth | Biography, Family & Facts (2021)
Warren Buffett is by far one of the wisest investors, entrepreneurs, business magnets, and Philanthropists, one of the most famous people in the world.
Buffett’s Net worth & Biography is one of the most interesting topics to many investors across the globe. Before we explore the facts on how rich this person is, let’s see some of the most interesting realities of his life. Every great structure and monument in the world is started with a strong foundation in the beginning.
The world is amazed by his wealth, fame, wisdom, and entrepreneurship, but has failed to understand the pain he has gone through. Every successful people, entrepreneur, and famous person all had gone through a stage of pain and failure.
Warren Buffett is definitely a man of strong vision, determination and is someone who is willing to do what average people are not. He is a great risk taker and his lifestyle and habits were completely different from normal average Americans.
The staggering number of Buffet’s wealth is a jaw-dropping fact for many investors globally. Let’s see a bit about Warren’s Biography & Net Worth;
Warren Buffett Net Worth (2016-2021):
The Net worth of Warren Buffett has been estimated by the famous Forbes, CNBC, and the business insider; however, the number will change from time to time. So, what makes this person so rich, here are some facts?
Warren currently owns about 250,000 stock shares of Berkshire Class A and it hit a record high of $340,000 in 2021. As of July 2021, according to Forbes Magazine, the Net Worth of the CEO of Berkshire Hathaway is $100.5 Billion USD.
Here is the list of Warren Buffet’s Net Worth since 2016;
2016 Net Worth - $65.5 Billion USD
2017 Net Worth - $78 Billion USD
2018 Net Worth - $88.3 Billion USD
2019 Net Worth - $80.8 Billion USD
2020 Net Worth – $73.5 Billion USD
2021 Net Worth – $100.5 Billion USD as of July.
Who is Warren Buffett? (Biography)
Warren Edward Buffett was born in Omaha Nebraska in the Year 1930 (August the 30th) to his parents Howard Buffett & Leila Stahl Buffett. He had an elder sister called Doris Eleanor Buffett who was a great Philanthropist who died in August 2020.
When he was 19 years of age he graduated from the University of Nebraska and continues his study at Columbia Business School. At this time he started developing his investment skills and he was inspired by Benjamin Graham.
He then attended the NY Institute of Finance and specializes in economics, after which he has various business partnerships. Later in the year 1956, Warren Buffett founded Buffett Partnership and later on acquires Berkshire Hathaway which is another textile manufacturing firm.
This is where all the big things started to happen for Mr. Buffett and since 1970 he is the largest shareholder of Berkshire Hathaway. Many of the famous global media has featured him nationwide as the Oracle of Nebraska.
Buffett is considered as one of the greatest Philanthropists in the world who gives almost 99% of his fortune to serve humanity. In 2009, Warren along with Bill gates founded ‘The Giving Pledge’ where all Philanthropists billionaire gives almost half of their fortunes.
Susan Thompson Buffett (1932-2004) – 1st Wife:
It was in the year 1949 young Warren was infatuated with a beautiful young woman named Susan Thompson. Both couples met in North Western University Illinois, through Roberta Buffett who is Warren’s sister.
The couple got married in 1952 in a church called Dundee Presbyterian, in Omaha Nebraska. They had three beautiful children Susan, Howard & Peter Buffett. Later in the year 1977, to further move into her singing career she left her husband and move to San Francisco.
Even after their separation, the couple remains close to one another and Susan Helped him in most of his works. In the year 1978, it was Susan who introduces Astrid Menks to Warren, before she passed away in 2004.
Astrid Menks (Born 1946) – 2nd Wife:
Astrid Menks was born in 1946 - Latvia and is the second wife of Warren Buffet introduced by his first wife Susan. In the year 1977 Menks moved to the United States having a great American dream.
She was working in a cocktail bar as a waitress where Susan Thompson also worked as a nightclub singer. When Susan left her husband and went to LA, she asked Astrid and others to take care of Warren.
Later on, Warren became closer to Astrid and he also didn’t divorce Susan, where all three were having a complex relationship. In the year 2004, Susan died, and after that Warren Buffett married Astrid Menks after 3 decades of being together.
Susan Alice Buffett (Born 1953) – Daughter:
Susan Alice Buffet is the daughter of Warren & Susan Thompson – 1st wife is a great American philanthropist working with Sherwood Foundation. She is mainly focused on helping children with education and Family issues.
Howard Graham Buffett (Born 1954) – Son:
Howard Graham Buffett is the middle child of Warren Buffett and was named after his grandfather Howard and Warren’s favorite professor, Benjamin Graham. Howard is also a famous former American politician, Philanthropists, Businessman, farmer, and conservationist.
Peter Buffett (1958) – Son:
Peter Andrew Buffett is the youngest son of Warren and is a very successful composer, musician, and Emmy Award Winner. He is also a great Philanthropist like his father and is the author of the New York Times best-selling, serving as a co-chair of the Novo Foundation too.
Berkshire Hathaway – A Brief History:
Berkshire Hathaway started as two companies in the late 1800s and was made of two textiles companies in MA. The first company was Berkshire cotton Manufacturing Company which was incorporated in the year 1889.
The second company was Hathaway manufacturing company incorporated in the year 1888. Later in the year 1955, these two small companies merged together forming Berkshire Hathaway.
In the year 1965, Warren Buffett comes into the picture when an investment company that he owns take control of this company. At that time the company CEO of Berkshire Hathaway was using whatever cash he had, to buy back its own stock.
By this, whenever the company sold off one textile mill, it would also offer to buy out those shares of their investors, resulting in the company’s liquidation. At that time Warren already purchased a large number of stocks at the price of $7 was expecting the CEO to buy it back from him.
After a few years both the men agree at a price of $11.50 per stock, but later on, Buffett found the price was only $11.37 per stock. After finding out that the CEO tried to cheat him, Warren later bought the whole company and fired him.
After that, Warren realized he was stuck with a declining company which he couldn’t let go of easily. Then he started investing in stocks through the company and he had gained several experiences through this.
Instead of investing in low and mediocre companies with low prices, Warren Buffet started looking for the best companies at better prices. The first company he bought after these experiences were The American Express and to this day he owns stocks of this company.
Investment in the Insurance Companies:
After this comes the era of Buffett’s most profitable business venture, which is his entry into the insurance companies. Warren saw the future of the insurance companies and started buying up insurance companies.
In the year 1967, Warren bought the insurance company called National Indemnity and later with his grand purchase of GEICO in 1996. The money that he had from these insurance companies was re-invested in A-Grade stocks.
This is how the Berkshire Hathaway portfolio was increased exponentially and the company worth a billion dollars in the year 1983. And after the next three years, Warren Buffett multiplies his wealth and he himself was worth $1 Billion in 1986.
Warren Buffett's Stocks Net Worth:
Warren Buffett is probably the world’s 6th or the 7th richest billionaire among the 2800 billionaires all over the world. Robert Kiyosaki once said that 98% of all the wealth in the world is owned by the few in this list who are investors and business tycoons.
As you know Warren became super-rich after investing wisely in stocks that pump billions to his pocket every year passively. Buffett is popular for owning stocks and holding the same stock for several years.
Some of the best investment includes his stock with Coca Cola, Apple, Bank of America & American Express. The Berkshire Hathaway portfolio consists of more than 60 companies.
Some of these stocks in Buffett’s Portfolio are given below;
15 Interesting Facts About Warren Buffett:
These facts about Warren Buffett might surprise you and make you inspired at the same time because he is one of a kind. Here are some 10 facts about Mr. Buffett that you may have not heard before;
1. 11 Years old Buffett bought his FIRST Stock:
Warren bought his first stock in the year 1941 when he was just 11 years old. It was 6 shares of the company ‘City Service’ Preferred stocks – 3 shares for his sister Doris and for himself. The price was $38 per share and later climbs to $40 per share and Buffett filed his first tax return.
2. For 58 Years he is having the same workplace:
Warren is a man with simplicity and humility, who works in the same office in Omaha, Nebraska for the last 58 years. His office wall is filled with historical memories of his life and family, especially a 1901 newspaper on his wall.
3. He used an old Samsung Flip phone:
Buffett owns close to 6% of Apple and considers it one of the best investments of his life. However, he used a Samsung Flip phone which cost just $20-$30 on eBay, recently upgraded to iPhone 11 in 2020.
4. 5 Can of Coke a Day:
Warren Buffett is a Junk Food Person: Eats 2500 calories a day. Favorite meal is a burger and a cherry coke. Warren Buffett Net worth got a spike when he invested $1.8 Billion in Coca-Cola in 1989, which became $21 Billion USD in 2021.
5. Spend 80% of his day reading: 600-1000 pages of materials a day:
Buffett was just obsessed with sources that can build his wisdom and love reading books and newspapers.
6. Bill Gates & Warren Buffett are Best Friends:
These two richest entrepreneurs have been friends for more than 30 years and spend time together with fun activities whenever they are together.
7. Warren Buffett has sent only 1 Email:
Warren had sent only one email in his whole life and that to an executive in Microsoft Company.
8. $37 Million USD Every single day:
In the year 2013, According to Forbes Warren Buffett was making more than $37 Million USD every single. Jennifer Lawrence made $35 Million a year and was the 2nd highest-paid actor at that time.
9. Gold isn’t a good investment:
Warren Buffet is not a believer in Gold, technology, and real estate, who focuses his investment on consumer products.
10. Soaking in the Bath:
He contemplates his stock investments while soaking in the bath before he bought $5 Billion USD worth of shares in the Bank of America.
11. Buffett has donated more than $41 Billion USD:
The humble man who is called the Oracle of Omaha has given more than $41 Billion in donations and even received the Presidential Medal of Freedom. 99% of Warren Buffett’s Net Worth will be given to charity after his death.
12. Warren Buffett’s House:
He continues to live in this 5 Bedroom house in Omaha that he bought in 1958 for $31,500 USD which is now worth around $500K - $700K.
13. More than Ghana + Cambodia Total GDP:
The Net worth of Warren Buffett is much higher than the entire country GDP of places like Ghana & Cambodia.
14. Buffett became super-rich after 50 Years of age:
Warren Buffett is known for buying stocks and owning them for a long period of time. More than 99% of his Net Worth was accumulated when he was over the age of 50.
15. Warren Buffett loves Ukulele:
The love of the Ukulele starts way back in the 1950s when Warren loved his first wife Susan who’s BF had a Ukulele. Warren had also performed on live Television shows and even a duet with Bon Jovi for a charity.
Final thoughts about Warren Buffett Net Worth:
When it comes to investing in stocks, the Oracle of Omaha is the best without even using a single computer or internet. The Net worth of Warren Buffett is something that many people see when they hear his name. But the real man himself is one of the nicest, a child-like person who has a great heart helping millions of poor people. Buffett is truly a unique person who had proven that a life with humility, simplicity, and giving to others make you more content than anything else.