Warren Edward Buffett is business tycoon, an American investor, and philanthropist, he is also the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of US$78.9 billion as of August 2020, making him the seventh-wealthiest person in the world. Here are some astonishing facts about him.
$4 McD Breakfast, regardless of being one of the world’s wealthiest people, Buffett spends less than $4 on his breakfast. For the past five decades, on his drive to his office, Buffett stops by McDonald’s and orders one of three items which are, two sausage patties, a sausage, egg and cheese or a bacon, egg and cheese. This costs barely $3.20.
Pinball Machine Business, Buffett sold one Pinball Machine Business for $1200 in the same year of buying at $25. Buffett started investing in shares of Berkshire Hathaway at $8 per share. Currently, the price of Berkshire Hathaway in market is $3,27,431.
Wealth and losses, Warren Buffett has been featured in each of the Forbes 400 richest Americans every year since its start in 1982. He lost approximately $242 million in a single day during the 1987 stock market crash.
Net worth over the years, Warren Buffett’s net worth has been growing steadily, over the decades. At the age of 21, Buffett net worth was $20,000. It took him over 13 years to become a millionaire and over 33 years to become a billionaire. He became a billionaire at the age of 55. His net worth rose from $1 billion to $82.6 billion in around 35 years.
How much he is worth, Buffet’s net worth is equal to 41.9 million troy ounces of gold, 1.8 billion barrels of crude oil. His net worth is 0.4% of the GDP of the United States. The billionaire net worth is equal to 3.8% of Apple’s market capitalization.
