How Ould Warren Buffett Be Worth If Ha Had Not Given Any Money Away

Often referred to as the "Oracle of Omaha" -- Nebraska native Warren Buffett is an investing fable, business organisation magnate and philanthropist.

When he was eleven, Buffett already bought stock, and by 16 he had amassed more than than $53,000 from diverse business ventures and investments. From a immature age, Buffett was jump for success.

Related: Warren Buffett: five Things Y'all Can Learn From the Man Who Invested $1 Billion in Apple tree

Although, similar anyone else, he faced setbacks. From being rejected by Harvard Business concern School to getting told he would fail past his male parent-in-police force, difficult work and resilience pushed Buffett toward success. Today, he'due south recognized for his achievements and uses his money for the greater good.

From using a Nokia flip telephone to pledging 85 percent of his Berkshire Hathaway stocks to various charitable foundations, bank check out these 20 Warren Buffett facts that might surprise you.

Boosted reporting by Nina Zipkin.

one. He bought his first stock when he was 11 years old.

While most eleven-year-old boys were playing baseball game and reading comic books, Buffett bought stocks. In the spring of 1942, at 11 years one-time, Buffett purchased six shares of Cities Service Preferred (now known every bit CITGO) for $38 a slice.

two. He fabricated $53,000 by the historic period of xvi.

Even since he was immature, Buffett's been non merely tactful, but also an extremely hard worker.

At age six, Buffett traveled his neighborhood, selling sticks of gun in packs of five for a nickel each.

When Buffett's male parent became a congresmman, his family moved from Omaha, Neb. to Washington D.C. Buffett delivered The Washington Mail service every morning and brought in virtually $175 a calendar month (that's more than virtually teachers fabricated during that time).

He likewise pursued a few side gigs such as selling used golf game assurance and collector stamps and buffing cars. By the time he turned 16, he had clustered the equivalent of $53,000.

3. He was rejected by Harvard Business Schoolhouse.

After graduating from the University of Nebraska in 3 years, Buffett practical to Harvard Business School. Just during a brief interview with the school that would determine his acceptance, the staff said to Buffett: "Forget information technology. You're not going to Harvard."

After much disappointment from the rejection, Buffett discovered that his idols Benjamin Graham ("the father of value investing") and David Dodd were professors at Columbia Business organisation School.

"I wrote them a letter in mid-Baronial," Buffett shares. "I said, 'Honey Professor Dodd. I thought y'all guys were dead, but now that I establish out that yous're alive and educational activity at Columbia, I would really like to come.' And he admitted me."

Image Credit: Daniel Acker | Bloomberg | Getty Images

4. He eats like a 6-year-onetime.

Buffett'due south secret to staying young? Coca-Cola and water ice cream.

In an interview with Fortune, Buffett claimed he is "one quarter Coca-Cola" -- "If I eat 2,700 calories a day, a quarter of that is Coca-Cola. I drink at least v 12-ounce servings. I do it every day."

For breakfast, Buffett often frequents McDonalds for a bacon, egg and cheese biscuit if the market is up, or an ascetic two sauage patties if the market is downwards. On almost days, Buffett will visit his beloved Dairy Queen for an ice cream dessert.

When asked how he's managed to stay salubrious with such a salty and sugary diet, he said, "I checked the actuarial tables, and the lowest death charge per unit is among half dozen-year-olds. So I decided to swallow like a 6-yr-old."

5. He'southward lived in the same house since 1958.

When you recollect of a billionaire, you typically recollect of mansions, holiday homes and expensive cars. That's never been the case for Buffett. (Perchance that's why we're all so fascinated by him.)

Buffett has lived in the same Omaha house since 1958 that he originally bought for $31,500. The firm is a simple five-bedroom, 2.5-bathroom firm.

6. His father-in-police force told him he would fail.

After proposing to his married woman in 1951, Buffett'southward father-in-constabulary asked him to come over for a "talk." Turns out, his father-in-constabulary didn't have much religion in Buffett and his plans for the hereafter. In fact, he was determined that Buffett would fail.

Buffett recalled the words from his father-in-police force during an interview with CNBC: "I just desire to atone you from any worries. You're going to fail. And the reason y'all're going to fail -- my girl may starve to expiry and y'all're going to neglect, just I'yard not going to blame y'all because it'south because the Democrats are in and they're all Communists."

Image Credit: Matthew Staver | Bloomberg | Getty Images

vii. People will pay millions to accept lunch with him.

Who wouldn't want to have lunch with the Oracle of Omaha? Without a dubiety, in that location's a lot he could teach you. Some people are so eager to sit down with Buffett that they've bid up to $4.57 1000000 to have dejeuner with him.

Related: Warren Buffett and Bill Gates's Top Secret to Success

Since 2000, Buffett has held an annual fundraiser, auctioning off a charity lunch with him on eBay. In 2019, an anonymous bidder was and then eager to sit downwardly with Buffett, they placed a bid of $four.57 million to accept lunch with him. The money raised went to the San Francisco-based anti-poverty charity GLIDE, and the winner gets to invite seven friends to lunch with Buffett at Smith and Wollensky steakhouse in New York City.

The auction has raised more than $25 million in total.

viii. In 2013, Buffett earned $37 million a day.

Past the end of 2013, Buffett had a net worth of $59 billion -- up from $46 billion at the beginning of the yr. On average, Buffett fabricated $37 million a day in 2013, which was fueled past rising stock prices.

9. Nearly 94 pct of his wealth was earned after he turned 60.

Success comes at whatsoever historic period. Although Buffett was extremely successful before the age of threescore -- his net worth was a noted $376 million when he was 52 years quondam -- 99 percent of his wealth came afterward he turned l. At 89, Buffett is worth $81.vii billion.

10. He's never tweeted before.

Although Buffett has a Twitter account (@WarrenBuffett) with more than 1.25 one thousand thousand followers -- it only has nine published tweets, and information technology turns out none of them were written by him.

"I have this friend that talked me into getting a Twitter feed. She's put upwards a couple things. Merely, the reply is I've never tweeted anything really myself," he told CNBC.

Image Credit: Johnny Nunez | WireImage | Getty Images

xi. Buffett owns 20 suits, but has never paid for whatsoever.

Buffett owns shut to twenty suits, all fabricated by the aforementioned designer -- Madam Lee. In that location'due south an interesting story here.

During a trip to Prc, upon arriving to his hotel, "Two guys jumped in the room. … They started sticking tape measures effectually me and everything, then they showed me a book with a whole bunch of samples and said 'selection out a adjust. Madam Lee wants to give you 1,'" Buffett shared with CNBC.

Without meeting her, Buffett picked out a suit and after picked out another. Finally meeting the mysterious designer, Buffett developed a professional human relationship with Madam Lee and she continued sending Buffett suits. Lee has attended Buffett's annual meetings and she'south even begun making suits for other successful executives such every bit Bill Gates.

12. He spends 80 percent of his day reading.

From the moment he wakes up, Buffett has his nose in a newspaper. In fact, he estimates that he spends effectually lxxx percent of his twenty-four hour period reading.

When asked the key to his success, Buffett pointed to a stack of books and said, "Read 500 pages like this every day. That's how cognition works. It builds up, like compound interest."

Image Credit: Photo past Eric Francis | Getty Images

13. Buffett volition give an employee $1 million every yr for the residuum of his or her life if they can approximate the NCAA's sweet 16 teams.

Since 2014, Buffett has held a competition amid all of his employees, challenging them to estimate who the sweet 16 teams will be during NCAA March Madness, he tells CNBC. If someone guesses all of the teams correctly, he promises to pay them $ane meg every year for the rest of his or her life.

No one has ever won the $1 meg prize -- the person who gets the closest will win $100,000. In 2016, 2 employees tied and each took home $50,000.

14. He ditched his flip telephone for an iPhone... in 2020.

In a 2013 CNN interview with Piers Morgan, Buffett shared his have on everything from politics to parenting to engineering science. Buffett even revealed that he was still using a Nokia flip phone. "This is the one Alexander Graham Bell gave me," Buffett joked. "I don't throw anything away until I've had it xx or 25 years."

Buffett, who owns 5.6 percent of Apple stock, finally ditched his flip phone for an iPhone 11 gifted to him past Apple CEO Tim Cook. Melt even offered to fly to Omaha to provide tech support for Buffett. Nevertheless, Buffett insists that he all the same but uses the iPhone for calls, prefering to use his iPad to research stocks and make more billions.

15. He takes a dozen kids to Dairy Queen every Sunday.

Buffett, whose holdings include Dairy Queen, treats a group of 12 kids -- unremarkably his grandchildren and their friends -- to DQ every Sunday, he shared with Joe Kernan on CNBC's Squawk Box.

Watching them, he tin can't help but notice how glued they are to their iPhones. "They barely can talk to me except if I'grand ordering water ice cream or something like that," he said. Buffett will ask them questions such as what they are doing on them and how, and if they could alive without these tech tools. "The stickiness really is something. I mean, they practise build their lives effectually it. … They honey it."

16. Buffett rarely emails.

Buffett rarely emails -- in fact, he claims that he'south only sent ane email in his life and it ended up in federal court.

In 1997, Buffett responded to an email from a close friend, former Microsoft executive Jeff Raikes, that read, "Doesn't Microsoft meet all your tests for a wonderful business." In his response, Buffett laid out all the reasons why he doesn't utilize Microsoft. The U.South. government pulled in the electronic mail as back up for Microsoft's position in the economy, and Buffett later saw his email in a Wall Street Journal article, he shared in an interview with CNBC.

Paradigm Credit: Daniel Acker | Bloomberg | Getty Images

17. He plays the ukulele.

When he was 18 years old, Buffett adult a trounce on a local Omaha girl, Betty Gallagher, Hear Nebraska Radio reports. To his dismay, Gallagher had a boyfriend at the time. So Buffett brainstormed what he could practise that Gallagher's swain could not, and that was to play the ukulele.

Related: 5 Things Warren Buffett Does Afterwards Work

After Buffet learned to play the instrument, he serenaded Gallagher, only she still chose the other guy. He still uses his ukulele skills, and yous can grab Buffett performing at meetings and during interviews and conventions, sometimes with pal Nib Gates singing forth.

eighteen. Buffett pledged to donate 85 percentage of his Berkshire Hathaway stocks to charitable foundations.

On acme of beingness a successful investor and business executive, Buffett is also a huge philanthropist. In 2006, he appear that he planned to gradually give 85 percent of his Berkshire Hathaway stock to five foundations -- and he'due south been fulfilling his promise since.

In July 2019, Buffett donated more than than $three.6 billion worth of Berkshire Hathaway stock to the 5 foundations -- ane of which is The Beak and Melinda Gates Foundation. He has donated $34.5 billion since 2006.

Image Credit: Alex Wong | Getty Images

xix. He was awarded the "Presidential Medal of Freedom" by Barack Obama.

On February. 16, 2011, Buffett was awarded the highest civilian award, the "Presidential Medal of Freedom," past former President Barack Obama. Due to his philanthropic donations -- since 2014, Buffett has donated more than $2 billion to charitable foundations -- Buffett was chosen to receive such a prestigious laurels.

Obama described Buffett every bit "not only as one of the world's richest men only besides 1 of the nearly admired and respected" who had "demonstrated that integrity isn't simply a adept trait, information technology is good for business."

20. Out of all investing legends, Buffett has the best track record for chirapsia the market place.

From Charles Munger to Peter Lynch, out of all the globe's biggest investors, the 86-yr-one-time investing tycoon has the best rail record of beating the market place.

Image credit: Coca-Cola Communist china

21. His confront was on Cherry Coke cans in Red china.

When Coca-Cola introduced its Crimson flavor to the Chinese market place in March 2017, it put Warren Buffett'south confront on the cans for a limited fourth dimension. Buffett -- who's extremely pop in Communist china -- is an gorging Coke drinker, and his visitor Berkshire Hathaway is the largest Coca-Cola investor, with a 9.3 per centum stake.

22. He doesn't follow anyone on Twitter.

It's clear past his lack of tweets how picayune the billionaire investor uses Twitter. And by checking out who he follows on the social platform, that merely becomes more credible. It turns out, Buffett doesn't follow a unmarried person on Twitter -- even less than Beyonce, who's known for her mysterious Twitter activity.

23. He's a fan of Breaking Bad.

As a fan of the hit TV prove Breaking Bad, Buffett dressed up as the show'south Water White -- a.k.a. Heisenberg -- back in 2013.

Not even the Oracle knows what will happen tonight. #waltsuccessor pic.twitter.com/EM8gIzZib5
— Warren Buffett (@WarrenBuffett) September thirty, 2013

24. He likes to joke effectually.

Still a kid at heart, Buffett likes to joke around. In fact, announcing to the world he'd joined Twitter, Buffett'southward get-go-e'er tweet was: "Warren in the house."

25. He looks to a poem when markets decline.

In his 2017 alphabetic character to shareholders, Buffett divulged that he thinks of lines from the 1895 poem "If" past Rudyard Kipling when big declines in the marketplace happen.

"No ane tin tell you lot when these volition happen," Buffett wrote. "The calorie-free can at any time go from greenish to red without pausing at yellow. When major declines occur, still, they offer extraordinary opportunities to those who are not handicapped by debt. That's the time to heed these lines from Kipling's 'If:'

"If you can keep your caput when all about you are losing theirs ...

If you can wait and not be tired by waiting ...

If y'all can recall -- and not make thoughts your aim ...

If yous can trust yourself when all men doubt you ...

Yours is the Earth and everything that'due south in it."

Source: https://www.entrepreneur.com/article/290381

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