According to Forbes, “Omaha Orcle” Warren Buffett has an estimated net worth of over $160 billion, but lives in a house he bought in 1958 for $31,500.
Berkshire Hathaway reaches a historic $1 trillion market value
Warren Buffett’s Berkshire Hathaway has become the first non-technical US company to reach a market value of $1 trillion.
Straight Arrow News
As billionaire Warren Buffett resigned from his role as chief executive of Berkshire Hathaway at the end of 2025, he waives control of the company he’s led for 60 years.
Buffett, 94, made the announcement at Berkshire’s annual general meeting on May 3, adding that he would hand over the reins to Vice President Greg Abel.
“I think it’s time for Greg to become the company’s chief executive at the end of the year,” Buffett said at a meeting on Saturday. He said that although he is not part of the holding company’s day-to-day operations, Buffett said he had a “zero” intention to sell Berkshire stocks.
After announcing the announcement, he told CNBC’s Becky Quick that he “will still be in the office every day.”
Buffett began buying Berkshire stocks in 1962. This led to a majority stake, according to CNBC’s billionaire biography, and ultimately gaining control of the former textile company.
The announcement was a surprise, but even for Abel, who said that Buffett had no prior knowledge of his plans, the businessmen and investors pointed out that his children were aware of his decision.
Following the news that Buffett will be leaving soon, there’s something you need to know about Buffett.
Who is Warren Buffett?
According to CNBC BIO, an estimated real-time net worth of over $160 billion (known as the “Omaha Oracle” as the “Omaha Oracle” called “Oracle of Oracra” as the “Oracle of Oracra” as the “Oracle of Oracra”.
Buffett’s father, Howard Buffett, is involved in the investment business, and Bio reads that he served on the Omaha Board of Education before being elected to Congress as a Republican in 1942.
It didn’t take long for Buffett to follow in his father’s footsteps. By the age of 11, he had already bought his first stock, so he wanted three shares of City Services at $38 per share. According to CNBC Bio, when the stock went up to $40 after a plunge, Buffett sold his holdings.
Since then, Buffett has applied lessons learned from his first investment, his bachelor’s degree in business administration at the University of Nebraska, and the teachings of Benjamin Graham, achieving value investments to create an empire.
“Warren Buffett’s massive economic success, along with his Central American common sense, a modest lifestyle and a sense of humor for self-deprecating, helped him become one of the most famous and admired billionaires in the world,” reads his CNBC Bio.
How did Warren Buffett become a billionaire?
Buffett accumulated his fortune primarily through Berkshire Hathaway’s investment portfolio. This was reported in March by 44 different publicly traded equities and dozens of private companies and market-free securities, The Motley Fool, a Virginia-based private finance and investment advice company.
Buffett and the late Berkshire business partner Charlie Munger have invested in numerous companies and ventures, including Coca-Cola, Heinz Ketchup, IBM Computers, Dairy Queen, Duracell, insurance companies, media companies, railways and real estate, according to his CNBC BIO.
According to Motley Fool, Buffett and Berkshire’s portfolio can be considered diversified, but the company is 47% mainly in three stocks out of the approximately $283 billion currently trading in stocks in public. Apple (22.7%), American Express (14.3%) and Bank of America (10.1%) are all big winners for Berkshire, with large investments from holding companies.
In 2024, Berkshire reached a market value of $1 trillion, becoming the first non-technical US company.
Has Warren Buffett pledged to donate 99% of his property?
In 2010, Buffett and fellow billionaire Bill Gates established a pledge to encourage wealthy people to donate half of their net worth to charities. Following the creation of the campaign, Buffett has pledged to pledge 99% of his fortune to charity.
“We had to use more than 1% of my bill check (Berkshire Hathaway stock certificate) on ourselves, but neither our happiness nor our happiness was strengthened. In contrast, the remaining 99% could have a major impact on the health and well-being of others.”
Buffett attributed his wealth to “a combination of living in America, some good fortune genes, compound interest,” according to the campaign’s website Bio.
“My luck was highlighted by my life in a market system that can produce distorted results. “I work in the economy, reward people who save other people’s lives with medals on the battlefield, reward great teachers with thank-you notes from parents, but who can detect misvaluations of securities by reaching billions.
What will Warren Buffett do next?
It’s unclear what Buffett will do next, but it may include enjoying time with his family and his wife, Astrid Menks, who has been with nearly 20 years. The two continued to Buffett’s separation from his former wife, Susie Thompson.
“She takes care of me, that’s great,” Buffett told interviewer Charlie Rose in 2007 about his wife. “You couldn’t find a better person in the world.”