Warren Buffett Net Worth

Net Worth: $81 Billion

Date of Birth: August 30, 1930

Gender:  Male

Income Source: Entrepreneur, Investor

Nationality: American

About Warren Buffett

Warren Buffet is a business magnate who is known as one of the most famous investors in the world. He is the chairman of the Berkshire Hathaway since it’s beginning years in the 1970. Buffett is one of the richest people in the world with a net worth of $81 Billion. He was married to Susan Thompson from 1952 until her death in 2004. He remarried to Astrid Menks in 2006. Buffett has three Children Susan Alice, Howard Graham, and Peter. 

Early Life

Warren Edward Buffet was born on the 30th of August 1930 in Omaha, Nebraska to parents Leila and Howard Buffett. His father was a Congressman. Warren was the second of three children in the family. Warren went to Alice Deal Junior High School and later on to Woodrow Wilson High School where he graduated in 1947. AS a child, Warren has ventured into different small business opportunities. He experienced selling chewing gum, Coca-Cola bottles, as well as selling door-to-door magazines. He also did work in his grandfather’s grocery store. In high school, he delivered newspapers, sold golf balls and stamps, and was into detailing cars. When Warren was a sophomore, he and his friend purchased a $25 second-hand pinball machine and placed it in the local barbershop. The business was good and they started buying more pinball machines and placed them in different barber shops. They later on sold the business to a war veteran for $1,200. Upon graduating from high school, Warren didn’t want to go to college and wanted to do business, but his father didn’t allow him. 

Warren has had an interest in stock market exchange since he was first exposed to it in the stock brokerage office near his father’s own brokerage office. When he was 10, he went to visit New York and made sure to see the New York Stock Exchange. HE bought three shares of the Cities Service for himself and also bought three more for his sister. Warren’s job as delivery man of the newspaper earned him $175 monthly. When he was still a high school student, he invested in his father’s business and bought a 40-acre farmed land. When he was 14, he bought the land using his $1,200 savings. After graduating from college, Warren already saved $9,800.

Warren studied in the Wharton School of the University of Pennsylvania and studied for two years. He eventually transferred at the University of Nebraska where he graduated with a Bachelor of Sciences in Business Administration. He continued on to study Master of Science in Economics in Columbia Business School, Columbia University and graduated in 1951. He then continued to study in the New York Institute of Finance. 

Career 

Warren Buffet worked in the Buffett-Falk & Co. as an investment salesman from 1951 to 1954. He then transferred to Graham-Newman Corp. and worked there from 1954 to 1956 as a securities analyst. HE also worked at the Buffett Partnership, Ltd. from 1956 to 1969 as a general partner. From 1970, he became the Chairman and CEO of the Berkshire Hathaway Inc. Berkshire has traded at $775 per share in 1979 and ended the year at trading at $1,310. When Berkshire started selling class A shares on 1990, Buffett became a paper billionaire. HE continued to invest in other companies and his wealth continues to increase.

Career Highlights

Warren Buffet took control of the Berkshire Hathaway in 1965 and in 1970, he became the company’s chairman and CEO.  In 1989, he acquired 6.3% shares of Coca-Cola for $1 Billion. In 1995, he took control of the GEICO in a $2.3 billion deal. In 2008, Buffett invested $5 billion in Goldman Sachs. 

Warren Buffet Quotes

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” – Warren Buffett

“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” – Warren Buffett

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” – Warren Buffett

“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.” – Warren Buffett

“The stock market is designed to transfer money from the active to the patient.” – Warren Buffett

“An investor should act as though he had a lifetime decision card with just twenty punches on it.” – Warren Buffett

“Why not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful.’” – Warren Buffett

“The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.” – Warren Buffett

“There seems to be some perverse human characteristic that likes to make easy things difficult.” – Warren Buffett

“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.” – Warren Buffett

“Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.” – Warren Buffett

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.” – Warren Buffett

“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.” – Warren Buffett

“Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.” – Warren Buffett

Warren Buffett Life Lessons

One of the important life lessons from Warren Buffet is to live below one’s means, meaning to live frugally. He considers the rest of his money as a protection in case of emergencies. He realized that if he lives frugally, his wealth can increase faster because he will be able to invest more. Also, it will be very unlikely that he will declare bankruptcy. Another is to value time and skip meetings and unnecessary time-wasters. Also, communication skills are important. He hated public speaking before but learned that it will be important in his career, and thus, forced himself to learn it. His efforts were rewarded as he soon reaped the good effects of being a good communicator.

Current Lifestyle

Warren Buffet is living a frugal lifestyle. With his net worth of billions, he still continues to live in his old house located in a quiet neighborhood of Omaha, Nebraska. This is the same house that he bought in 1958 for only $31,500. Adjusted for inflation, the house’s value today is $276,700. The home is 6,570 square-feet with five bedrooms and two and a half bathrooms. It is surrounded with security fences and cameras. Aside from his own home, he also purchased a vacation home in Laguna Beach, California for $150,000 in 1971 in the gated community of Emerald Bay.

Summary

Warren Buffet is one of the richest people in the whole world. He has been business-minded ever since he was young. With his investments and wise way of sending his money, Warren remains among the richest and most powerful business people in the world.

What is Kevin O’Leary’s Net Worth?

• Net Worth: $400 million
• Date of Birth: July 9, 1954
• Gender: Male
• Income Source: Entrepreneur
• Nationality: Canadian

About

Kevin O’Leary is a Canadian author, businessman, and tv personality. He is known as one of the founders of SoftKey and the O’Leary Fund. He most known for being on the TV series Shark Tank where he has been a prominent invester in many start-ups. His current net worth is $400 million. O’Leary married Linda O’Leary in 1990. The couple have two children Trevor and Savannah.

Early Life

Terence Thomas Kevin O’Leary was born on the 9^th of July 1954 in Montreal, Quebec, Canada to parents Georgette and Terry. His mother was a small business owner and investor and his father was a salesman. He has a brother named Shane. Their parents divorced when Kevin was still young. The divorce was mainly due to his father’s uncontrolled alcoholism. Unfortunately, his father died shortly thereafter. Georgette eventually remarried the economist George Kanawaty who was working in the United Nation’s International Labour Organization. Because of his stepfather’s work, their family had to move frequently including living in Cambodia, Tunisia, and Cyprus. In Quebec, he attended Stanstead College and St. George’s School.

O’Leary’s mother was also an investor who was highly skilled and devoted. She invested one-third of her weekly earnings to dividend-paying stocks and interest-bearing bonds. She ultimately gained high returns in her investment portfolio, but her stock earnings and activity were kept secret from her children and was revealed only after her death, at the time of reading her will. O’Leary was strongly influenced by his mother. O’Leary first aspired to become a photographer but heeded the advice of his grandfather and proceeded to enter university and study business and investing. He went to the University of Waterloo where he graduated with a degree in Environmental Studies and Psychology in 1977. He also went to the Ivey Business School of the University of Western Ontario where he finished with an MBA in Entrepreneurship in 1980.

Career

O’Leary started the company SoftKey in a basement in Toronto with business partners John Freeman and Gary Babcock in 1986. This company specialized in publishing and distributing CD-ROM-based personal computer software for both Windows and Macintosh computers. The company was at its peak during the 1990s and became a major consolidator in the educational software market. In 1995, it acquired The Learning Company (TLC) and acquired its name. TLC was eventually acquired by Mattel in 1999. O’Leary also has other business ventures including Storage New Holdings, O’Leary Funds, O’Leary Ventures, and ETF and Investing.

Career Highlights

O’Leary’s career highlights include co-founding O’Leary funds and SoftKey. He was also part of the TV shows Squeeze play, Dragon’s Den, Project Earth, and is currently part of the Shark Tank series. Moreover, he is also part of the Conservative Party of Canada.

Kevin O’Leary Quotes

“I like to take risks. That’s how I make money. But they are calculated risks.” – Kevin O’Leary

“Business is war. I go out there, I want to kill the competitors. I want to make their lives miserable. I want to steal their market share. I want them to fear me and I want everyone on my team thinking we’re going to win.” – Kevin O’Leary

“What are the most important qualities that make a successful entrepreneur? The ability to communicate. The ability to express your idea with certainty. That’s how you become a leader even if you are unsure, your ability to explain your vision and your direction is the attribute you need the most. Articulate your idea in 90 seconds or less.” – Kevin O’Leary

“Nobody has a monopoly on good ideas.” – Kevin O’Leary

“There is a discipline required as an entrepreneur about working to optimize the business. There is no balance in life as an entrepreneur. You can’t expect to work 9 to 5 that’s never going to happen. You have to expect that it is going to consume your life for a period of time. That’s the downside, but the upside is that you buy yourself freedom in perpetuity.” – Kevin O’Leary

“Here’s how I think of my money, as soldiers, I send them out to war everyday. I want them to take prisoners and come home, so there’s more of them.” – Kevin O’Leary

“I’m not trying to make friends, you wan’t a friend? Buy a dog. I’m trying to make money.” – Kevin O’Leary

“Don’t cry about money, it never cries for you.” – Kevin O’Leary

“It pains me to see good entrepreneurs chase bad opportunities.” – Kevin O’Leary

“We need physical exercise to prepare our brain for long periods of concentration.” – Kevin O’Leary

“I’m not planning on giving my kids any of my wealth. They know when their education is over, I’m pushing them out of the nest. The bird you see dead under the nest is the one who didn’t think about the future.” – Kevin O’Leary

“Money has no grey areas. You either make it or you lose it.” – Kevin O’Leary

“The best motivator in the world is money and if that doesn’t work try more money.” – Kevin O’Leary

“You’d rather own gold; not the miner.” – Kevin O’Leary

Kevin O’Leary Life Lessons

O’Leary highlights that, in contrast to the beliefs of many that money is not everything, to him money is the lifeline of a business. He thinks of money as soldiers. He sends them out to war every day and he wants them to take prisoners and come home, so there will be more of them when they return. He added that if some of them die, then that would be bad and if all of them dies, then you are broke. Another mindset of O’Leary is that entrepreneurship is freedom. When he was younger, he worked at an ice cream store but was asked by the owner to scrub off gum from the floor. He refused and was fired. He then realized that he wanted to be successful and not be treated like a slave for the rest of his life. Another lesson that he shared is that the greatest enemy of a business is a bad idea. Bad ideas can kill companies. He also mentioned that passion is not the end goal in life. Once you have passion, you need to find ways to make it work.

Current Lifestyle

Kevin O’Leary is known to spend a crazy amount of money for his food. He claimed that he spends and average of $1,000 per weekday only on food. This is because his work requires him a lot of travelling and so he always goes to restaurants to eat. As he mentioned already, “it is not cheap to eat out every night”. Although he mentioned that this kind of lifestyle is not advisable and is actually a bad example, O’Leary also knows himself as someone with expensive taste. Also, he takes people out for dinner for business and so he buys a great bottle of wine and a great bottle is about $200. He mentioned that he buys great food and wine especially if the business meeting is very important and he always takes care of the tab because he doesn’t want to owe anybody anything.

Summary

Kevin O’Leary is famous for being a very blunt and honest businessman. His success in business is attributed to his hard work and wise decisions as well as being a businessman who is strongly driven by success. O’Leary’s business ventures will continue to ensure his high net worth in the coming years.

What is Mark Cuban’s Net Worth?

• Net Worth: $4.1 Billion
• Date of Birth: July 31, 1958
• Gender: Male
• Income Source: Entrepreneur, Investor
• Nationality: American

About

Mark Cuban is a billionaire. He is a businessman, entrepreneur, and investor. Cuban has ventured into many different types of businesses and made a fortune selling startups MicroSolutions and Broadcast.com. He is currently known as the owner of the NBA’s Dallas Mavericks. His current net worth is $4.1 billion dollars. He has been married to Tiffany Stewart since 2002 and has three children Alexis Sofia, Jake, and Alyssa.

Early Life

Mark Cuban was born on the 31^st of July 1958 in Pittsburgh, Pennsylvania to Norton and Shirley. His father was an automobile upholster while his mother was someone who has different jobs. Cuban was raised in Pittsburgh. When he was just 12 years old, he sold garbage bags so he could pay for his basketball shoes. He also earned money by selling stamps and coins. When he was 16, he was running newspapers from Cleveland to Pittsburgh. He didn’t attend high school in his senior year but instead enrolled as a full-time student in the University of Pittsburgh for a year. He moved to Indiana University in Bloomington and graduated in 1981 with a degree in Management. He chose Indiana because of the cheap tuition fee compared to other schools in the top 10 list.

Career

Upon graduation, he went back to his hometown in Pennsylvania and worked in Mellon Bank. He learned about machines and networking. In 1982, he moved to Dallas. He sold software and formed his own business entitled MicroSolutions and eventually became an expert in the field of computers and computer networking. He sold the company to CompuServe for $6 million dollars. In 1995, he and business partners started AudioNet which was a huge success. It was renamed to Broadcast.com and went public in 1998. It was later on sold to Yahoo! for $6 billion. In 20001, he purchased his share in the Dallas Maveicks worth $285 million.

Career Highlights

Highlights of Mark Cuban’s career include his investment in the sports team NBA Dallas Mavericks. Another important part of his cares is his participation on the TV show Shark Tank and also the release of his best-selling book How to Win at the Sport of Business in 2011.

Mark Cuban Quotes

“Sweat equity is the most valuable equity there is. Know your business and industry better than anyone else in the world. Love what you do or don’t do it.” – Mark Cuban

“The best way to predict the future is to invent it.” – Mark Cuban

“Creating opportunities means looking where others are not.” – Mark Cuban

“You just got to stay focused and believe in yourself and trust your own ability and judgment.” – Mark Cuban

“It doesn’t matter how many times you fail. You only have to be right once and then everyone can tell you that you are an overnight success.” – Mark Cuban

“Work like there is someone working 24 hours a day to take it all away from you.” – Mark Cuban

“It’s not whom you know. It’s not how much money you have. It’s very simple. It’s whether or not you have the edge and have the guts to use it.” – Mark Cuban

“If you’re prepared and you know what it takes, it’s not a risk. You just have to figure out how to get there. There is always a way to get there.” – Mark Cuban

“Know your core competencies and focus on being great at them.” – Mark Cuban

“Always wake up with a smile knowing that today you are going to have fun accomplishing what others are too afraid to do.” – Mark Cuban

“Effort is measured by setting goals and getting results.” – Mark Cuban

“Treat your customers like they own you. Because they do.” – Mark Cuban

“Success is about making your life a special version of unique that fits who you are—not what other people want you to be.” – Mark Cuban

“It’s not about money or connections. It’s the willingness to outwork and outlearn everyone. And if it fails, you learn from what happened and do a better job next time.” – Mark Cuban

“One of the most underrated skills in business right now is being nice.” – Mark Cuban

Mark Cuban Life Lessons

Mark Cuban is a self-made billionaire and along the way, he has learned many important life lessons. First is that there is no reason that it can’t be you. Upon graduation from college, he didn’t have anything up to the point that he only was eating mustard and ketchup sandwiches. No matter how tough it was and even during the many times that he felt that the odds were against him, he still continued to work harder. As he stated, “the one thing in life you can control is your effort”. As long as you put in effort and are willing to take the challenges head on, and combine this effort with brain power, then there is no reason that it cannot be you who will become successful. He also mentioned the importance of understanding that selling actually requires service and connection. If you can sell, then you can accomplish anything. When you sell something, you are actually just showing them your intention of making their lives better and easier. Last but not the least, Mark is passionate about being debt-free and stated that businessmen should not be a slave to the banks.

Current Lifestyle

Mark Cuban bought a $13 million 24,000 square-feet French chateau-style mansion in Dallas, Texas. The home is situated in the luxurious Preston Hollow neighborhood. It has ten bedrooms, five wet bars, full bathrooms and six half-bathrooms, five fire places, and a wine cellar. There is also a home office with several desks, a few computers, and is where he spends most of his time. The outdoors is also as impressive as the indoors with a full-sized tennis court, a basketball court, and a swimming pool and spa sitting in front of a large cabana. There is also a guest house that is three-storeys high. He also bought a private jet worth $40 million. The plane is a Gulfstream V business jet and his purchase landed him the fourth largest single e-commerce transaction of all time, as determined by the Guinness Book of World Record. Cuban invests a lot of his money in sports teams and in taking care of them. He upgraded the arena’s Jumbotron and also bought the team a new plane which is a $36 million Boeing 757.

Summary

Mark Cuban is a very successful investor and businessman. Indeed, he is the perfect example of achieving something by working hard on it. He is a true rags to riches story, a self-made billionaire.