In the real world, there shouldn't be a single investor who hasn't heard of #Warren Buffet. As one of the planet's wealthiest billionaires, the 87-year-old investor's #Net Worth shows no real sign of sluggishness or decline on the global stock exchange--and that trend could continue even after he dies. In fact, his net worth has once again reached an insanely new high.
How high are we talking here?
According to a report from Bloomberg, the largest shareholder and CEO of Berkshire Hathaway saw his own fortune increase to $81.7 billion, placing him at third place behind the likes of Jeff Bezos and close friend Bill Gates on the investor's totem pole.
It's especially remarkable considering Buffet was previously worth $77 billion back in August.
However, the recent increase in Buffet's net worth shouldn't seem all that astonishing to fellow investors. In fact, what's really astonishing is its rate of increase--one that has been ongoing for quite some time. According to Bloomberg, Buffet's net worth saw an increase of $35 billion over the past five years. That is an intimidating rate of $7 billion per year.
Buffet under the magnifying glass
Warren Edward Buffet was born on August 30, 1930 in Omaha, Nebraska. As the son of a U.S. congressmen, many thought that Buffet's future lay in politics. However, Warren's ambition steered him towards business instead--a journey that would mold him into one of the wealthiest and most revered investors in the world.
In fact, he has even been called the "Oracle of Omaha" due to his incredible investing powers and feats.
For his first incredible feat, Buffet got a big head start when he bought his first stock at age 11-- something that was quite unheard of by many at the time. He also earned a Masters Degree in Economics from Columbia University and attended the Institute of Finance in New York after graduating.
In 1970, Buffet bought Berkshire Hathaway and has been the company's CEO and largest shareholder since. Today, Buffet's company stands as one of the world's leading multi-national conglomerates as it is made up of over 60 companies including Dairy Queen, WPLG-TV, GEICO, Duracell, The Business Wire and many more.
Despite being one of the wealthiest men in the world, Buffet isn't afraid to share his wealth and has donated most of it to charity. In 2010, Buffet collaborated with friend and fellow investor Bill Gates to build the commitment known as 'The Giving Pledge' in order to recruit other investors into doing the same.
