Warren Buffet Biography and Net Worth

Do you Know the net worth of Warren Buffet? Have you ever guessed where he comes from and where he attended school? Do you know how Buffet’s career began and how he made his wealth? This article answers all your questions about Warren Buffet net worth.

Who is Warren Buffet?


Warren Buffet Biography and Net Worth

Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is currently the chairman, CEO and largest shareholder of Berkshire Hathaway, the investment group that’s delivered a 20% compounded annual gain in market value since 1965. The Omaha, Nebraska-based company owns Geico, Clayton Homes and Dairy Queen, and has stakes in Coca-Cola and American Express.. He is considered one of the most successful investors in the world and the world’s tenth-wealthiest person.

Where Warren Buffet Originated?

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. After finishing high school in 1947 and finding success with his side entrepreneurial and investment ventures, Buffett wanted to skip college to go directly into business but was overruled by his father.

Buffett displayed an interest in business and investing at a young age. He was inspired by a book he borrowed from the Omaha public library at age seven, One Thousand Ways to Make $1000. Much of Buffett’s early childhood years were enlivened with entrepreneurial ventures. In one of his first business ventures, Buffett sold chewing gum, Coca-Cola bottles, and weekly magazines door to door. He worked in his grandfather’s grocery store. While still in high school, he made money delivering newspapers, selling golf balls and stamps, and detailing cars, among other means.

On his first income tax return in 1944, Buffett took a $35 deduction for the use of his bicycle and watch on his paper route. 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. Within months, they owned several machines in three different barber shops across Omaha. They sold the business later in the year for $1,200 to a war veteran.

Buffett’s interest in the stock market and investing dated to schoolboy days he spent in the customers’ lounge of a regional stock brokerage near his father’s own brokerage office. On a trip to New York City at age ten, he made a point to visit the New York Stock Exchange. At 11, he bought three shares of Cities Service Preferred for himself, and three for his sister Doris Buffett (who also became a philanthropist).

At 15, Warren made more than $175 monthly delivering Washington Post 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. By the time he finished college, Buffett had accumulated $9,800 in savings (about $107,000 today).


He began his education at Rose Hill Elementary School. In 1942, Warren finished elementary school, attended Alice Deal Junior High School and graduated from Woodrow Wilson High School in 1947.

In 1947, Buffett entered the Wharton School of the University of Pennsylvania. He would have preferred to focus on his business ventures, but his father pressured him to enroll. Warren studied there for two years and joined the Alpha Sigma Phi fraternity. He then transferred to the University of Nebraska where at 19, he graduated with a Bachelor of Science in Business Administration. After being rejected by Harvard Business School, Buffett enrolled at Columbia Business School of Columbia University. He earned a Master of Science in Economics from Columbia in 1951. After graduating, Buffett attended the New York Institute of Finance.

Career and Businesses

Warren Buffet owns, founded or co-founded and or have stakes in the following companies;

  • Dairy Queen
  • Duracell
  • Kraft Heinz
  • Berkshire Hathaway
  • Gen Re
  • American Express
  • Clayton Homes
  • Seritage Growth Properties
  • Wells Fargo
  • U.S. Bancorp

The Wealth of Warren Buffet

The majority of Buffett’s fortune is derived from a 16% economic interest in Berkshire Hathaway, a publicly traded investment company. Berkshire has delivered a compounded annual gain in per share market value of 20% since 1965, according to its 2021 letter to shareholders. Buffett owns about 39% of the Class A shares and less than 0.001% of the Class B shares, according to a June 2021 stock exchange filing.

The billionaire also has direct stakes in other companies. He owns almost 5% of Seritage Growth Properties and has less than 1% stakes in Wells Fargo and U.S. Bancorp, according to their proxy statements.

In the 2011 shareholders letter, Buffett said Berkshire represents “more than 98%” of his net worth. Based on the value of his Berkshire shares on Feb. 25, 2012 — the date of the letter — the value of his non-Berkshire investments was calculated to be between $500 million and $900 million. In a separate letter to U.S. Congressman Tim Huelskamp dated Oct. 11, 2011 Buffett said he had adjusted gross income of $62.9 million in 2010. Because Berkshire shares don’t pay dividends, the income implies that the non-Berkshire assets were valued at about $500 million if he had investment returns of 13%.

A non-Berkshire stock portfolio of $533 million was calculated for 2010, consisting of $61 million in Wells Fargo stock he held directly at that time based on SEC filings and $472 million in cash representing undisclosed share holdings. The value of the cash figure has been adjusted since then based on market performance, dividends, share purchases and taxes.

Summary of Warren Buffet Net Worth

  • Known as the “Oracle of Omaha,” Warren Buffett is one of the most successful investors of all time.
  • Buffett runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen.
  • The son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13.
  • He has promised to donate over 99% of his wealth. So far he has given more than $45 billion, mostly to the Gates Foundation and his kids’ foundations.
  • In 2010, he and Bill Gates launched the Giving Pledge, asking billionaires to commit to donating at least half of their wealth to charitable causes.
  • As at December 2021, Warren Buffet has a net worth of $106 Billion

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