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The 10 Richest People in the World

The 10 Richest People in the World

6. Warren Buffett

  • Age: 91
  • Residence: Omaha, Nebraska
  • CEO: Berkshire Hathaway (BRK.A)
  • Net Worth: $96 billion
  • Berkshire Hathaway Ownership Stake: 38.001% ($103 billion total)
  • Other Assets: Wells Fargo & Co. equity ($76.6 million public assets), U.S. Bancorp equity ($50.2 million public assets), Seritage Growth Properties equity ($38 million public assets), and $1.10 billion in cash

The most famous living value investor, Warren Buffett filed his first tax return in 1944 at age 14, declaring his earnings from his boyhood paper route. He first bought shares in a textile company called Berkshire Hathaway in 1962, becoming the majority shareholder by 1965. He expanded the company to insurance and other investments in 1967. Now, Berkshire Hathaway is a half-trillion-dollar company, with a single share of stock trading at more than $410,000 per share in mid-2021.

Widely known as the “Oracle of Omaha,” Buffett made the majority of his fortune through purchasing shares in companies with easy-to-understand business operations. While many investors have been piling into tech companies, Buffett has opted for a more cautious approach, only buying from well-established companies that are easier to understand, such as IBM and Apple. He is also a noted Bitcoin skeptic. Additionally, Buffett has also outright purchased a lengthy list of companies over the years, including Dairy Queen, Duracell, GEICO, and Kraft Heinz.

Outside of investing, Buffett has directed much of his wealth toward philanthropic endeavors. Between 2006 and 2020, Buffett gave away $41 billion—the majority of which went to either the Bill & Melinda Gates Foundation or his children’s charities. Buffett launched the Giving Pledge alongside Bill Gates in 2010.

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