You may know that Warren Buffett’s net worth is currently revolving around $66.0 billion.
But do you know when the world’s most successful investor, who is now in his mid-80s, made his first billion dollars or even his first million? You will be amazed at when he purchased his first stock.
1. Warren Buffett Has a Net Worth of $66.7 Billion
The “Oracle of Omaha,” who will turn 86 years old on August 30, is the world’s richest person after Microsoft’s co-founder Bill Gates ($79.2 billion) and Carlos Slim ($72.9 billion), but ahead of Zara founder Amancio Ortega ($64.5 billion) and Larry Ellison of Oracle ($54.3 billion). (Source: “Forbes Billionaires: Full List Of The 500 Richest People In The World 2015,” Forbes, March 2, 2015.)
2. He had a Net Worth of $6K at Age 15
Warren Buffett bought his first stock at age 11. He purchased multiple shares of Cities Service Preferred for $38.00 apiece. (Source: “How Rich Was Warren Buffett at Your Age?” Go Banking Rates, August 11, 2015.)
When he was just a teenager, he filed his first tax return, delivered newspapers, and owned multiple pinball machines placed in various businesses. By the time he graduated high school, Buffett had already bought a 40-acre farm in Omaha, Nebraska and sold his pinball machine venture for $1,200. (Source: Ibid.)
Also when he was a teen, he was already raking in about $175.00 a month—more than his teachers. (Source: “22 Fascinating Facts About Warren Buffett’s Success,” Time, November 3, 2015.)
3. He Made His First $1.0M at Age 30 and First $1.0B at Age 56
Buffett had a mere $140,000 wealth when he was in his mid-20s. His net worth surpassed the $1.0-million mark at around 30 years old and then took out the $1.0-billion hurdle at 56 years old. (Source: “From $6,000 to $67 billion: Warren Buffett’s wealth through the ages,” MarketWatch, August 30, 2015.)
4. His Net Worth Is Greater Than Some Countries
At $66.7 billion, Warren Buffett’s net worth easily beats the gross domestic product (GDP) numbers of Serbia and Cyprus. Serbia’s 2014 GDP was estimated to be $43.9 billion, while Cyprus’ 2014 GDP was estimated to be $23.2 billion. (Source: “GDP at market prices,” The World Bank, last accessed on March 1, 2016.)
5. Berkshire Shares Have Soared 10,000-Fold
If you had invested $1,000 in Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) stock in 1964, when Buffett took over the company and shares cost just $19.00 apiece, your initial investment would be worth about $11.6 million today—a 10,000-fold increase! (Source: “Here’s how rich you’d be if you had bet $1,000 on Warren Buffett way back when,” Business Insider, March 2, 2015.)
Warrant Buffett Net Worth Milestones
Data source: Dadaviz, last accessed March 1, 2016.