Quick facts about Warren Buffet’s income, expenses, investments and wealth
Warren Buffett one of the most successful investors in the world has a net worth of US $84 billion as of June 3, 2018, making him the third wealthiest person in the world.
Buffett make on average $37 million per DAY — that’s equal to what Shahrukh make the entire year. According to Forbes, Shahrukh Khanis the highest earning entertainer.
Buffett’s net worth is greater than the GDP of Uruguay.
People are so fascinated with the legendary Buffett that they’ll spend millions of dollars to eat lunch with him.
Buffett has been auctioning off a “power lunch” since 2000 at his charity event for GLIDE Foundation. The highest bidder gets to bring up to seven people to dine with the steak-loving business magnate at Smith &Wollensky steakhouse in Manhattan.
He purchased a five-bedroom stucco house in Omaha for $31,500, where he still lives.
Though Buffett spends carefully, he gives generously. In 2010, he teamed up with Bill and Melinda Gates to form The Giving Pledge, an initiative that asks the world’s wealthiest people to dedicate the majority of their wealth to philanthropy. Buffett has also so far donated nearly enough money in his lifetime to build six Apple ‘Spaceship’ Campuses, which are $5 billion endeavors. Buffett has donated nearly $30 billion — the second-highest amount (following that of Bill Gates).
Quick facts about Warren Buffet’s income, expenses, investments and wealth
Buffett’s interest in the stock market and investing dated to schoolboy days, he would steal away into the customer’s lounge of the regional stock brokerage near his father’s office and watch investors at work.
On a trip to New York City at age ten, he made a point to visit the New York Stock Exchange.
As a child, While attending Woodrow Wilson High School, he earned some money working at his grandfather’s grocery store. He supplemented the income selling goods like sodas, bubble gum, golf balls, stamps and newspapers around his neighborhood for money.
At 11, he bought three shares of Cities Service Preferred for himself and three for his sister Doris Buffett from his savings. At the age of 14, Warren Buffet filed his first tax return, totaling $35, using his bicycle and watch as deductions, as they were part of his fixed expenses when delivering newspapers.
In high school, he invested in a business owned by his father and bought a 40-acre farm worked by a tenant farmer. He bought the land when he was 14 years old with $1,200 of his savings.
At the age of 15, Warren made more than $175 monthly. In 1945, as a high school sophomore, Buffett and a friend spent $25 to purchase a used pinball machine, which they placed in the local barber shop for customers who were biding their time waiting for a cut or shave. Within months, they owned several machines in three different barber shops across Omaha. The business was sold later in the year for $1,200 to a war veteran.
By the time he finished college, Buffett had accumulated $9,800 in savings (about $101,000 today).
Buffett started his working career as an investment salesman at Buffett-Falk & Co worked there from 1951 to 1954.; from. After that 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 Incwhere he remains to this day.
Buffett became a billionaire when Berkshire Hathaway began selling class A shares on May 29, 1990, with the market closing at US$7,175 a share.Among investing legends, Buffett has the longest track record for beating the market. $1,000 invested in Buffett’s Berkshire Hathaway stock in 1964, when Buffett took over the company and shares cost just $19, would be worth about $13 million dollars today.
In 2008, Buffett became the richest person in the world, with a total net worth estimated at $62 billion by Forbes and at $58 billion by Yahoo, overtaking Bill Gates, who had been number one on the Forbes list for 13 consecutive years.
Buffett ran into criticism during the subprime crisis of 2007–2008, part of the recession that started in 2007, that he had allocated capital too early resulting in suboptimal deals. Buffett’s Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his later deals suffered large mark-to-market losses.
In 2009, Gates regained the top position on the Forbes list, with Buffett shifted to second place. Warren buffet’s net worth came to $37 billionaccording to Forbes, Buffett lost $25 billion over a 12-month period during 2008/2009.
Each passing year is multiplying the wealth of Warren buffet by leaps and bounds.
Passion to earn, investment attitude, love for equities made Warren buffet the richest person. Investment in Indian Stockshas also made big Shot investors like Radha Krishna Damani, RakeshJhujuwala. These successful investors invested Multibaggers India stocks.
Buffet being so successful also faced criticism of wrong entry or not exiting in fall of 2008 but this fall and rise of networth with market’s movement is part and parcel of working in stock market. Soinvestfor long term in stock market without being disturbed by the wild moves of Market and make money in next up move.
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