|Net Worth:||$77.3 Billion|
|Born:||August 30, 1930|
|Country of Origin:||United States of America|
|Source of Wealth:||Entrepreneur/Investor|
Warren Buffett is an American business magnate, investor, and philanthropist. He is considered to be the best and most successful investor in the world, and you’ll soon see why.
Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970, and he’s also one of the richest people in the world. Warren Buffett’s net worth is estimated to be $77.3 billion in 2017.
Warren Buffett was born on the 30th August, 1930, in Omaha, Nebraska.
He has two older sisters, and his parents were Leila and Howard. Buffett went to Rose Hill Elementary School. However, in 1942, his father, a congressman, was elected to the first of four terms in the United States Congress.
The family moved to Washington, D.C., where Warren finished elementary school. He then attended Alice Deal Junior High School and graduated from Woodrow Wilson High School in 1947.
In Buffett’s senior yearbook, he spoke the words: “likes math; a future stockbroker.”
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 Buffett Partnership, Ltd. as a general partner and from 1970, as Chairman and CEO of Berkshire Hathaway Inc.
In 1979, Berkshire began the year trading at $775 per share, and ended at $1,310. Buffett’s net worth reached $620 million.
Buffett became a paper billionaire when Berkshire Hathaway began selling class A shares on May 29, 1990, with the market closing at $7,175 a share.
Today, he is one of the richest people in the world, and his net worth is more than 70X when he first became a billionaire in 1990.
Here are some of the highlights of Warren Buffett’s career:
- Takes control of Berkshire Hathaway (1965)
- Becomes chairman and CEO of Berkshire Hathaway (1970)
- Berkshire acquires 6.3% of Coca Cola ($1 billion, 1989)
- Berkshire takes full control of GEICO in $2.3 billion deal (1995)
- Buffett invests $5 billion in Goldman Sachs (2008)
Favorite Warren Buffett Quotes
“Price is what you pay. Value is what you get.” – Warren Buffett
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” – Warren Buffett
“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” – Warren Buffett
“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” – Warren Buffett
“Someone’s sitting in the shade today because someone planted a tree a long time ago.” – Warren Buffett
“Risk comes from not knowing what you’re doing.” – Warren Buffett
View our larger collection of the best Warren Buffett quotes!
3 Key to Success from Warren Buffett
Here are some of the best success lessons to learn from Warren Buffett:
1. Save Before Spending
The best way to invest your money is by setting a set amount aside every month to save or invest. Then use the rest to pay your bills and purchase anything you might want.
If, however, you wait until the end of the month, you end up spending more. This is because you have more on-tap to spend, and therefore you will buy things you don’t necessarily need. And save nothing.
2. Keep Good Company
As the saying goes, you are the average of the 5 people you spend the most time with.
So here’s the thing: you have to keep great company.
Surround yourself with people who build you up, who challenge you to grow. People who can help you with your goals, and provide you with knowledge you are otherwise unable to acquire.
3. Enjoy What You Do
Buffett believes that our lives are very short; and taking up jobs we don’t like, though they may provide us with riches, is just not worth our time.
The only way to live a successful live is to do what you love, and not waste your time being miserable. Even though you may receive a lot of money for doing so.
View more success lessons from Warren Buffett!
Warren Buffett is the most successful investor in the world. It would be hard to think otherwise considering his net worth. In 2017, Warren Buffett’s net worth is estimated at just over $77 billion, and he remains in the top 5 richest men in the world.