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Grizzly Bulls’ Billionaires Index

⬅ # 6 Larry Page|# 8 Sergey Brin ➡

# 7 Warren Buffett 

$139B

Real Time Net Worth
as of 5/13/2024
-$222.5M (-0.16%)

# 7 Warren Buffett 

$139B

Real Time Net Worth
as of 5/13/2024
-$222.5M (-0.16%)
OccupationCEO, Berkshire Hathaway
Source of WealthBerkshire Hathaway
Age93
ResidenceOmaha, Nebraska
Marital StatusWidowed, Remarried
Children3
EducationMS, Columbia University; BS, University of Nebraska Lincoln
Age-Adjusted Net Worth$14.9B
Warren Buffett
Warren Buffett
United States
Net worth: $139B

Self-Made Score 

Wealth History

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Biography

Warren Edward Buffett was born on August 30, 1930, in Omaha, Nebraska.
In 1965, Buffett acquired the struggling textile company Berkshire Hathaway and transformed it into a diversified conglomerate focused on insurance, energy, and consumer brands.
Under Buffett's leadership, Berkshire Hathaway became a major player in the insurance industry, with subsidiaries like GEICO achieving significant success.
Buffett is renowned for his value investing philosophy, emphasizing long-term investments in fundamentally strong companies with a focus on intrinsic value.
In 1988, Buffett made a groundbreaking acquisition with the purchase of Coca-Cola Company stock, showcasing his knack for identifying enduring and profitable businesses.
Often referred to as the 'Oracle of Omaha,' Buffett is known for his annual letters to shareholders, providing insights into his investment philosophy and thoughts on the economy.
Buffett is a proponent of ethical business practices and transparency, and his leadership style emphasizes trust and autonomy for the managers of Berkshire Hathaway's subsidiaries.
Despite his immense wealth, Buffett is known for his frugal lifestyle, residing in the same house he bought in 1958 and driving a modest car.
In 2006, Buffett pledged to donate the majority of his wealth to philanthropy, and in 2010, together with Bill and Melinda Gates, initiated the Giving Pledge, encouraging billionaires to commit to donating a significant portion of their wealth to charitable causes.
Buffett's annual charity lunch auction, where the winning bidder gets a meal with him, has raised millions for the Glide Foundation, showcasing his commitment to using wealth for positive impact.

How long would it take you to become as rich as Warren Buffett?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Warren Buffett's net worth of $139B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

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Warren Buffett is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Warren Buffett, Berkshire Hathaway is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey