According to Forbes, Warren Buffett’s worth as of October 2022 was 96.1 billion. Buffett is the sixth richest person in the world.
Warren Buffett’s Net Worth by Age
Warren Buffett hasn’t always been one of the wealthiest men on the planet. Warren Buffett didn’t even become a billionaire until fifty years old. In reality, 99% of Warren Buffett’s wealth was made following turning 50.
Warren Buffett always had big ambitions. His goal as a child was to be a millionaire by the time he turned thirty. He did it.
Here’s a look into Warren Buffett’s fortune over time:
Warren Buffett’s 20s: The First $100,000
After graduating from college, Buffett was employed by the brokerage company run by his father as an agent for stockbrokers. In the year Buffett was 21 years old, the value of his assets was less than $20,000, according to Dividend.com.
At the age of 24, Buffett was offered an opportunity to work for Graham, his teacher Benjamin Graham, with an annual income of $12,000. As per U.S. Census Bureau data, the salary was about three times the median yearly income of the average family in 1954, proving Buffett was on the way to becoming a millionaire. At the time Buffett was 26, the value of his wealth was around $140,000.
Warren Buffett’s 30s: Millionaire Status
When he turned 30, Buffett’s net worth reached $1 million. As of 1960, the median household earnings of a family in the U.S. was $5,600 per year.
According to Dividend Buffett’s partnership, it had risen to $26 million. According to CNN, Buffett bought control stock within Berkshire Hathaway in 1965, and by 1968, his partnership had grown to $104 million. When he reached his forties, at 39, Buffett’s net worth was reported as $25 million.
Warren Buffett in his 40s: Rebounding from financial troubles
At the age of 43, Buffett’s net worth was the highest, that of $34 million. Buffett used a portion of this money to purchase See’s Candies for $25 million, according to the Motley Fool, and later it became an investment still earning in 2015. However, the 1970s turned out to be a challenging time for Berkshire. In 1974, the company’s declining share price had reduced the value of Buffett’s net worth to $19 million at the age of 44, according to the Dividend.
Never willing to let his sharp investing skills go to them by the wayside, Buffett was able to rebound financially. At the close of the decade, Buffett had increased his net worth by $67 million at 47. At the end of the 1970s average U.S. household income was $16,530.
Warren Buffett’s 50s: Becoming a Billionaire
Buffett’s net worth as of 1982 stood at $376 million, and it grew to $620 million by 1983, as per Dividend. In 1986, when he was 56 and old, Buffett became a billionaire and earned just a $50,000 salary at Berkshire Hathaway.
In contrast, it was reported that the typical American family in 1986 made about half of the amount Buffett, the Oracle of Omaha was earning in terms of salary. The median income of the household in 1986 stood at $24,900. When Buffett was nearing 60, his net worth was $3.8 billion.
Warren Buffett’s 60s: Berkshire Stock and Warren Buffett’s Net Worth Grow
In the note in a letter to Berkshire Hathaway shareholders in 1990, Buffett wrote that he believed the company’s worth would fall during the decade, and the second quarter of 1990 confirmed this. However, by the end of the year, the company was able to finish with an estimated net worth of up to $362 million. As Buffet grew into his 60s, Buffet’s wealth increased as well, rising to $16.5 billion when Buffet was 66 and declared a Dividend.
The typical American family started to climb towards Buffett in terms of earning power in the 1990s. According to Census statistics, the median household earnings at the close of the decade reached about $42,000.
Warren Buffett’s 70s: Philanthropy and Growth
In six years — 66 to 72 Buffett’s net worth has more than tripled. Their net worth of Buffett at the age of 72 was estimated at $35.7 billion. However, Buffett is about sharing wealth. In 2006, he issued commitment letters which stated that he would give up to 85 per cent of his fortune to five foundations in the coming years, according to CNN.
The average household income in 2000 was $42,148.
Warren Buffett’s 80s and 90s: The Skies are the Limit
As of March 2022, Buffett’s net worth stood at $117 billion. This makes Buffett the fifth-richest person on earth (he was ranked second as of 2015). At age 91, Buffett shows no signs of slowing down anytime soon. While he may have an impressive fortune of 11 figures, Buffett reportedly earns only $100,000 per year from Berkshire Hathaway and invests it frugally.
However, the most successful investor earns much more money than the average American. According to the latest Census Bureau figures, the median household income within the U.S. in 2021 was $79,900.