Warren Buffett Net Worth
Warren Buffett net worth and salary: Warren Buffett is one of the richest people in the world who has a net worth of $75 billion. Warren Buffett is arguably the most famous and successful investor in history. If you had invested $10,000 with Warren Buffett in 1966, today you would have over $160 million! That same $10,000 invested in the S&P would be $140,000. Warren Buffett has pledged to give away 99% of his net worth to charity before he dies. 83% of the money will go to The Bill and Melinda Gates foundation. That equates to roughly $41 billion which makes it the largest charitable gift in human history. Buffett's philanthropy has inspired other billionaires to pledge at least 50% of their net worth to charity in their lifetimes as well, a truly remarkable accomplishment.
The 78 year-old Warren Buffett is notorious for investing in products he actually uses. For example, he owns Fruit of the Loom because he enjoyed their shirts and underwear. Warren has made headlines recently after his love of a specific brand of suit led him to invest in the Chinese firms Trands Co. He's not the only powerful guy sporting Trands: Former Chinese President Hu Jintao and billionaire Bill Gates are also big fans of the brand. The Oracle of Omaha and CEO of financial powerhouse Berkshire Hathaway also recently made a video commemorating the apparel company's 30th anniversary and took the opportunity to gush about his nine Trands suits. The best part? Even though the cheapest Trands suit costs $880, Buffett hasn't paid a dime for his wardrobe though he claims he has asked for a bill. It's not a bad investment for Trands' founder and Buffett gal-pal Li Guilian, whose stock has risen 70% since the video went public.
Net Worth details: Buffett's fortune is mostly due to his 18 percent interest in Berkshire Hathaway. That share earned him 20.8 percent each year from 1965 to 2016. Buffett owns nearly 300 thousand Class A shares and almost 150 thousand Class B shares of the company. He also owns more than two million shares of both Wells Fargo and Seritage Growth Properties, nearly 900 thousand shares of U.S. Bancorp, and 9,000 more shares of IBM. Even with all of those holdings, his Berkshire Hathaway shares have been calculated to represent over 98 percent of his net worth. He also donates around five percent of that stock to charity each summer.