Warren Buffet this week reached $100 billion net fortune

0
1
blank

The net worth of Warren Buffett, 90, reached $100 billion as of Wednesday, according to data from Bloomberg’s Billionaires Index. He joined five other people in the world whose wealth tops $100 billion: Jeff Bezos, Elon Musk, Bill Gates, Bernard Arnault and Mark Zuckerberg. Buffet is the chairman of investment firm Berkshire Hathaway Omaha-based company, which has seen its shares rise to a record level this year. Mr Buffett’s net worth comes almost entirely from owning since 1970 about one-sixth of Berkshire Hathaway, a roughly $600bn company. Berkshire Hathaway was a failing textile company before Mr Buffett took control of it 1965. It now owns more than 90 businesses including BNSF railroad, Geico insurance and several major utilities. It holds major investments in Apple, Coca-Cola, Bank of America, American Express and other stocks.

blank

Mr Buffett has given away billions of his wealth to charity. He is a co-founder of the Giving Pledge, a campaign to encourage billionaire philanthropy. The 90-year-old investor was once the world’s richest man, but he has fallen back to No. 5 in Forbes magazine’s current list of the world’s richest people. Buffett is an avid bridge player. He is a dedicated, lifelong follower of Nebraska football. Buffett was raised as a Presbyterian, but has since described himself as agnostic. He did not carry a mobile phone, did not have a computer at his desk, and drove his own automobile, a Cadillac DTS.