Warren Edward Buffett is an American investor, business tycoon, and philanthropist, who is the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of US$88.9 billion as of December 2019, making him the fourth-wealthiest person in the world.
How Did Warren Buffett Make Money
Warren Buffett made his first million by running a hedge fund. Then he switched to owning small banks. Then finally he shut down his hedge fund and put all his money into running an insurance company. An insurance company is a hedge fund that KEEPS the investors money and KEEPS 100% of the profits
Warren Buffett has given almost half of his fortune to charity.The famed investor has given away roughly 226,000 of his Berkshire Hathaway Class A shares, worth a little over $61 billion at the current stock price of $272,400.
He still owns around 249,000 or 52% of his Class A shares, currently worth about $68 billion — not far off his estimated net worth on the Bloomberg Billionaires Index.
If Buffett had held on to all 475,000 Class A shares, they would be valued at $129 billion today, assuming Berkshire’s stock price wouldn’t be affected by his lack of giving.