Warren Buffett’s Net Worth, Plus 5 Other Things You Don’t Know About One of the Richest Men in America
Warren Buffett is one of the richest men in the world. He’s No. 3 on Bloomberg’s Billionaires Index, ranking just behind Amazon’s Jeff Bezos and Microsoft founder Bill Gates. But unlike those two men, the 87-year-old Buffett didn’t earn his billions in the tech industry.
Buffett made his money in a more old-fashioned way – he started out as a paper boy. At age 11, he took his savings from his paper route and used it to buy some farmland in his home state of Nebraska. By the time he was 15, he was worth $6,000. At a time when the typical home in the U.S. was worth less than $10,000, that’s pretty impressive.
How much is Warren Buffett worth today?
- Buffett is worth more than $85 billion
Seven decades on, Buffett’s wealth has grown substantially thanks to his business savvy and investing acumen. Currently, Bloomberg pegs his fortune at $85.1 billion. He’d made his first million by age 30, according to a report in Marketwatch. By age 56, he was a billionaire.
Buffett is the CEO of Berkshire Hathaway, a vast conglomerate with its hands in everything from ice cream to insurance. The company owns businesses like Dairy Queen, Geico, Helzberg Diamonds, Duracell, and BNSF. The company also has a stake in businesses like Southwest Airlines, Phillips 66, and Kraft Heinz. A single Class A share of the company’s stock trades for more than $300,000 on the New York Stock Exchange.
As one of the richest people on the planet, Buffett’s every move is closely tracked. But in some ways, he’s a pretty normal guy, despite his billionaire status. Here are a few things you might not know about Warren Buffett.
He eats a lot of junk food
Buffett has joked that he has the diet of six-year-old, and he’s not kidding. His favorite foods are kid-friendly fare like Coke, cheeseburgers, and ice cream. He drinks five Cokes a day and swings by the McDonald’s drive-thru for breakfast.
He still lives in the house he bought in 1958
Buffett bought his Omaha residence back in 1958, and he’s stayed put. The home originally cost $31,500, the equivalent of about $277,000 today. Today, the five-bedroom abode is worth about $652,000, according to Business Insider.
He originally wanted to retire at 25
Billionaire Buffett almost wasn’t. By age 25, he’d accumulated $127,000 – a sizeable chunk of change in 1955. He thought he might head back to Omaha and live a quiet life on the interest from his nest egg. But Buffett had second thoughts, and the rest is history.
He had an unconventional marriage
Buffett was married to his first wife, Susan, for more than 50 years, but their marriage was far from traditional. After Buffett had an affair with Katherine Graham, the publisher of the Washington Post, Susan decided enough was enough and walked out. But she didn’t think Buffett could live on his own, so she arranged for her friend Astrid Menks to check in on him, and she eventually moved in permanently. But Susan and Warren never divorced, and he was by her side when she died of cancer in 2004. Later, Buffett married Menks.
He’s invested in some pretty strange things
Yes, Berkshire Hathaway owns big companies like Geico. But Buffett’s business also has a stake in some more surprising companies. He owns school library staple World Book encyclopedias, Kirby vacuums, and Ginsu knives. He also owns Nebraska Furniture Mart, a small chain with four locations in the Midwest and Texas, and the Buffalo News, a daily newspaper in Buffalo, New York.
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