Warren Buffett Net Worth
Warren Buffett Net Worth
Net Worth: $81 Billion
Date of Birth: August 30, 1930
Income Source: Entrepreneur, Investor
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.
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.
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.
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.
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.
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.
Mark Zuckerberg Net Worth
What is Mark Zuckerberg’s Net Worth?
- Net Worth: $82 Billion
- Date of Birth: May 14, 1984
- Gender: Male
- Income Source: Entrepreneur
- Nationality: American
Mark Zuckerberg is an American programmer famous for the creation of the social networking platform Facebook. He currently has a net worth of $82 billion and has broken records as the youngest billionaire in the world. Mark Zuckerberg is married to Priscilla Chan. The couple have two daughters.
Mark Elliot Zuckerberg was born on the 14th of May 1984 in White Plains, New York, to parents Karen and Edward. Karen was a psychiatrist while Edward was a dentist. Mark has three younger siblings Randi, Donna, and Arielle. The Zuckerberg’s were raised in Dobbs Ferry, New York. Mark went to Ardsley High School where he excelled in class. He eventually transferred to the Phillips Exeter Academy. In his high school years, he won a number of awards recognizing his excellence in mathematics, astronomy, physics, and even classical studies. Mark was also part of the Johns Hopkins Center for Talented Youth summer camp. He is also multilingual with excellence in the languages French, Hebrew, Latin, and ancient Greek. Zuckerberg was not just an academic child but he also excelled in sports, in fact, he was the captain of the school’s fencing team.
Mark was exposed to computers and programming when he was in middle school. He learned Atari BASIC Programming and his father also hired a software developer to tutor him. When he was still in high school, Zuckerberg took a graduate class in Mercy College to learn more about programming. He also created a software program that organized his father’s computers in the office and at home. He also worked under the company Intelligent Media Group to develop a music player which used machine learning. Mark eventually went to college in Harvard University where he studied psychology and computer science.
While in Harvard, he launched the social networking service Facebook in 2004 with his roommates. The site eventually expanded and had already reached 1.2 billion users by 2012. In early 2012, Facebook was opened to the public. Zuckerberg’s team also released Wirehog in 2004, which was a peer-to-peer file sharing service. Facebook continued to expand and opened the Facebook Platform which allowed programmers to create social applications within Facebook. Although widely received by different age groups in different parts of the world, Facebook has had a number of legal controversies pertaining to security, content, and technicality issues.
When he was 23 years old, Zuckerberg became the world’s youngest billionaire. In 2019, he was the only person under 50 years old in the Forbes 10 richest people list. He is also the only person under 40 years of age in the top 20 billionaires in the world. Time magazine also recognized Zuckerberg as among the 100 wealthiest and most influential person in the world and was also given the Person of the Year award. He was also among the Forbes list of the World’s Most Powerful People.
Mark Zuckerberg Quotes
“I think a simple rule of business is, if you do the things that are easier first, then you can actually make a lot of progress.” – Mark Zuckerberg
“Give everyone the power to share anything with anyone.” – Mark Zuckerberg
“In terms of doing work and in terms of learning and evolving as a person, you just grow more when you get more people’s perspectives… I really try and live the mission of the company and… keep everything else in my life extremely simple.” – Mark Zuckerberg
“Nothing influences people more than a recommendation from a trusted friend.” – Mark Zuckerberg
“By giving people the power to share, we’re making the world more transparent.” – Mark Zuckerberg
“All of my friends who have younger siblings who are going to college or high school – my number one piece of advice is: You should learn how to program.” – Mark Zuckerberg
“Facebook was not originally created to be a company. It was built to accomplish a social mission – to make the world more open and connected.” – Mark Zuckerberg
“Instead of building walls, we can help build bridges.” – Mark Zuckerberg
“Move fast and break things. Unless you are breaking stuff, you are not moving fast enough.” – Mark Zuckerberg
“The biggest risk is not taking any risk… In a world that changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg
There are some lessons that Mark Zuckerberg tries to embody as he continues to be among the most successful businessmen in the world. First is to fail fast. He mentioned before the importance of move fast and break things. In computer programming, the sooner you fail, the sooner you will realize the mistakes, the sooner you will find them as well, and the faster you will recover. Secondly, he believes in the power of the basics and that “if you do the things that are easier first, then you can actually make a lot of progress. Third is the importance of caring about people, which should be a priority in the business. Thus, Mark listens to the feedback of the customers and adjusts accordingly to their needs. Next is the importance of technological innovations. With the advent of AI, manual jobs are easily being replaced. It is important to adjust to the changing times accordingly. More importantly, it is important to live with a higher purpose and have an important mission that goes beyond money or power.
Zuckerberg, similar with the other tech giants, is also not fond of wearing fashionable clothes. He sticks to easy choices such as a gray t-shirt and hoodies. He drives an Acura TSX and a Honda Fit, which are inexpensive cars valued around $30,000. He also has a Volkswagen Golf GTI which costs around $30,000. Nonetheless, Zuckerberg is also a fan of sports cars and has an Italian Pagani Huayra which costs around $1.3 million. Although compared to other billionaires, Zuckerberg’s cars are quite low-key, his real estate says otherwise. He has a 5,000 square-foot home in Palo Alto which he bought for $7 million. He wired his home with a custom-made artificially intelligent assistant. He also bought the four homes surrounding his home where he spent about $30 million. He also has a 5,500 square-foot townhouse in Mission District San Francisco which he bought for $1 million. In addition, he has a 357-acre former sugarcane plantation in Kahu’aina and a 393-acre property called Pila Beach in the island of Kauai. These two properties are worth $100 million.
Mark Zuckerberg is an American programmer famous for the creation of the world-renowned social media platform Facebook. Zuckerberg has continued to expand Facebook by buying other companies and developing new features he has even made it more user friendly. Since its launch in early 2000s, the platform has acquired billions of users. Facebook has already been a part of an ever changing social culture and has now established itself as a normal means of communication.
Elon Musk Net Worth
What is Elon Musk Net Worth?
Net Worth: $21.6 Billion
Date of Birth: June 28, 1971
Income Source: Entrepreneur, Investor
Nationality: South African, Canadian, American
Elon Musk is known as an innovative entrepreneur. He has three citizenships including South African, Canadian, and American. Elon Musk has had different business ventures over the years and has succeeded in many of these businesses. He currently has a net worth of $21.6 billion and this will surely increase in the following years as he continues to expand his companies and partnerships across the world. Elon Musk has been married three times. First to Justine Wilson whom he was married to for eight years. The second and third marriages were with Talulah Riley whom Musk married in 2010, divorced in 2012, remarried in 2013, and divorced again in 2016. His current partner is Claire Boucher commonly known as the singer Grimes. Elon has six children with his first wife. The eldest, Nevada Alexander, passed away 10 weeks after he was born. His five children named Griffin, Xavier, Kai, Saxon, and Damian were all born through IVF. Recently, his girlfriend Grimes has confirmed she is pregnant with Musk’s child.
Elon Reeve Musk was born on the 28th of June, 1971 in Transvaal, South Africa to parents Maye and Errol. Elon has two siblings Kimbal and Tosca. Their parents divorced in 1980 and Elon lived mostly with his father, who he regarded as a terrible man. As a child, Elon had always loved reading. When he was 10, his interest was captured by computing whilst playing the Commodore VIC-20. He learned programming by himself and when he reached 12, he sold the code for a video game he created to PC and Office Technology Magazine. The game was called Blastar and he earned $500 from it.
As a kid, Elon was severely bullied up to the point of hospitalization when a group of boys threw him down the stairs. His head smashed the pavement and his nose was damaged, requiring corrective surgery. Elon went to school at the Waterkloof House Preparatory School, Bryanston High School, and Pretoria Boys High School. He attended the University of Pretoria for five months. Since he has always wanted to go to America, he moved to Canada against his father’s will with a plan of obtaining Canadian citizenship which would make it easier for him to enter America. In Canada, Elon went to Queen’s University in 1982 and moved to America in 1992 to study business and physics in the University of Pennsylvania where he graduated with a BS in Economics and a BA in Physics. In 1995, he almost started a PhD journey in Stanford University but decided to drop out two days after to concentrate on the launching of his first company, Zip2 Corporation.
Zip2 is a web software company founded by Elon and his brother which was eventually bought by Compaq in 1999 for $340 million. Elon eventually started X.com, an online bank responsible for launching PayPal. This was bought by eBay for $1.5 billion in 2002. After X.com, Musk ventured into space technology and founded SpaceX and became the company’s CEO and lead designer. He joined Tesla, Inc. in 2004 and also became the CEO and product architect of the company. The SolarCity, a subsidiary of Tesla, was also created. In 2015, the OpenAI research company was founded with the purpose of ensuring ethics in AI. In 2016, he co-founded Neuralink which deals with neurotechnology and The Boring Company which deals with tunnel construction.
Elon Musk is considered as one of the most exceptional innovators of our time. He started the e-payment revolution with X.com, an e-payment company which eBay eventually bought and renamed to PayPal. He revolutionized the electric cars with Tesla Motors and invests in space exploration with SpaceX. He also invested in solar technology with SolarCity. Musk also landed a contract with NASA for flying the Dragon spacecraft to the International Space Station.
Elon Musk Quotes
“When something is important enough, you do it even if the odds are not in your favor.” – Elon Musk
“I do think there is a lot of potential if you have a compelling product and people are willing to pay a premium for that. I think that is what Apple has shown. You can buy a much cheaper cell phone or laptop, but Apple’s product is so much better than the alternative, and people are willing to pay that premium.” – Elon Musk
“What makes innovative thinking happen? I think it’s really a mindset. You have to decide.” – Elon Musk
“A company is a group organized to create a product or service, and it is only as good as its people and how excited they are about creating. I do want to recognize a ton of super-talented people. I just happen to be the face of the companies.” – Elon Musk
“I’ve actually not read any books on time management.” – Elon Musk
“I would just question things… It would infuriate my parents… That I wouldn’t just believe them when they said something ’cause I’d ask them why. And then I’d consider whether that response made sense given everything else I knew.” – Elon Musk
“It’s OK to have your eggs in one basket as long as you control what happens to that basket.” – Elon Musk
“The first step is to establish that something is possible; then probability will occur.” – Elon Musk
“When Henry Ford made cheap, reliable cars, people said, ‘Nah, what’s wrong with a horse?’ That was a huge bet he made, and it worked.” – Elon Musk
“My biggest mistake is probably weighing too much on someone’s talent and not someone’s personality. I think it matters whether someone has a good heart.” – Elon Musk
Elon Musk Life Lessons
Elon Musk has certain lessons and principles that he clings to as he continues expanding his business portfolio. First one is to have a specific goal. But this goal should not be about getting a lot of money or being promoted. It should be about something that will make things better. If there is a product that doesn’t exist yet but will be beneficial for others if it will exist, then make it real. Second is to acknowledge that your ideas are not perfect. With this you will need to seek criticism and need to get as much feedback especially from people that you trust. Third, it is important to concentrate on working on one thing at a time and work harder and longer. Fourth, it is important to not fear failure but instead make it your friend. He views failure as a necessary component for innovation. Last but not the least, there is beauty in being extraordinary. Choose to challenge and question the norms.
Elon Musk is known to own a real estate portfolio that is worth about $70 Million. He owns more than one Bel Air estates with one of these mansions costing $17 million and having a two-storey library. The mansion also has a home theater, a gym, and a thousand-bottle wine cellar. Musk is of course, also a fan of cars. He owns a $920,000 Lotus Esprit submarine car which was used in a James Bond movie. He also has a Ford Model T as well as a Jaguar E-Type Series 1 Roadster. Musk is one of the pledgers in the Giving Pledge effort started by Warren Buffet, Bill, and Melinda Gates. He also donated $10 million to the Future of Life Institute to be used for regulating artificial intelligence.
Elon Musk is an innovator. He has a lot of fresh ideas about various things in life and he is well-equipped in achieving them with his academic background and intelligence. His earlier working life mostly revolved around these novel business ideas that he eventually brought to life. Musk is still in the process of expanding his business empire and coming up with more ideas which will definitely be something for us all to look forward to.
Oprah Winfrey Net Worth
What is Oprah Winfrey’s Net Worth?
Net Worth: $3.5 Billion
Date of Birth: January 29, 1954
Income Source: Professional Talk Show Host, Acting
About Oprah Winfrey
Oprah Winfrey is an American talk show host. She is known as the first Black-American female news anchor. Oprah has been a household name not just in the US but in the international arena as well. Her show The Oprah Winfrey Show is among the most watched talk shows in the world. Oprah currently has a net worth of $3.5 billion and is the richest female African-American in the world.
Oprah was born as Oprah Gail Winfrey in Kosciusko, Mississippi on January 29, 1954. Her mother Vernita Lee, was an unmarried teenager who worked as a housemaid. Her father is Vernon Winfrey who was a coal miner, barber, and eventually a council man who was in the Armed Forces at the time Oprah was born. Oprah was raised by her grandmother until she was 6 years old and grew up in an area of poverty. She would often wear clothes made of potato sacks. Her grandmother taught her to read before she turned three and took her to the local church where she would then read bible verses.
At six years of age, Oprah started living again with her mother who by that time also gave birth to her sister Patricia. With the financial difficulties that came with raising two daughters, Oprah was sent to live with her father Vernon. At that time, her mother gave birth to another half-sister which she would only learn about years later. When Oprah went back to live with her mother, she had a half-brother. Allegedly, from the age of nine Oprah was molested by her cousin, uncle, and a family friend but nobody in her family believed her when she told them about it.
Oprah ran away from her mother when she was thirteen and became pregnant when she was 14, with the pregnancy ending in a still born birth. Oprah and her mother did not get along and she was sent once again sent to her father who was strict, but prioritized her education. She attended the East Nashville High School and was an honor student. She was also part of her high school speech team. Oprah won second in the nation in dramatic interpretation and also won an oratorical contest which paved her way for a scholarship to the Tennessee State University, where she studied communication.
Oprah worked at a local grocery store to help with her finances and also joined and won the Miss Black Tennessee when she was 17. She landed a part time job in the local black radio station WVOL, working on delivering news. Oprah became the youngest news anchor and first ever black female news anchor in the Nashvile’s WLAC-TV. She eventually moved to co-anchor the 6 o’clock news in Baltimore’s WJZ-TV. She juggled many other news and talk shows until she reached her biggest break which is The Oprah Winfrey Show in 1986 which became among the most successful and highly watched TV shows in history. Oprah also wrote books and sold millions of copies these books worldwide. Until now, Oprah continues to be one of the most influential personalities and successful TV hostesses in the world.
Oprah Winfrey has received a total of 38 awards and 67 nominations. She has received a number of Daytime Emmy Awards as Outstanding Talk Show and Talk Show Host for The Oprah Winfrey Show in the years 1987, 1989, 1991, 1992, 1997, and 1998. She also received a Lifetime Achievement Award in 1998 and the Chairman’s Award in 2011. Oprah also received a Golden Globe Cecil B. DeMille Award in 2018. She also has Primetime Emmy Awards for Bob Hope Humanitarian Award 2002 and Outstanding Made for Television Movie for Tuesdays With Morrie in 2000. Oprah also received a number of awards from the Academy Awards, Acapulco Black Film Festival, NAACP Image Awards, and Tony Awards to name a few. She was also given the Presidential Medal of Freedom in 2013.
Oprah Winfrey Quotes
“When you undervalue what you do, the world will undervalue who you are.” ― Oprah Winfrey
“Doing the best at this moment puts you in the best place for the next moment” ― Oprah Winfrey
“Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” ― Oprah Winfrey
“You can have it all. Just not all at once.” ― Oprah Winfrey
“Real integrity is doing the right thing, knowing that nobody’s going to know whether you did it or not.” ― Oprah Winfrey
“One of the hardest things in life to learn are which bridges to cross and which bridges to burn.” ― Oprah Winfrey
“Challenges are gifts that force us to search for a new center of gravity. Don’t fight them. Just find a new way to stand.” ― Oprah Winfrey
“The thing you fear most has no power. Your fear of it is what has the power. Facing the truth really will set you free.” ― Oprah Winfrey
“Surround yourself only with people who are going to take you higher.” ― Oprah Winfrey
“Turn your wounds into wisdom.” ― Oprah Winfrey
Oprah believes that simple things matter in life. Life can be enjoyed and lived well by starting with a good breakfast, paying bills on time, recycling, making your own bed, aiming high, showing your gratitude to people, asking for help when needed, and even putting phones away during dinner. She realized the importance of being nice to people and exemplifies that our connection to other people’s humanity is also our way to our very own humanity. With her long experience at work, she has also realized that the job we are doing is not what’s going to fulfil us. There will be times that we will get bored and will not feel like working at all. She mentioned that at these times, it is important to understand that we should keep on going and just remember that our job doesn’t define us. It is not who we are, but only our way of becoming who we will become.
Oprah Winfrey currently lives in her home which is referred to as The Promised Land. The property is a luxury Montecito estate located at the outskirts of Santa Barbara. The home is a 23,000 square-foot Georgian Mansion which Oprah bought for $52 million. The home has ten fireplaces, fourteen bathrooms, and a library containing 1,500 books along with an African-American doll that sits in the sofa. In addition, the home also has a rose garden with 600 rose bushes. The garden also houses a tea house which serves as her personal space. Aside from The Promised Land, Oprah also has six other real estate properties. Oprah also owns a Mercedes Benz 300SL Gullwing, a Cadillac Escalade, a Lincoln Navigator, a Tesla Model S, and a Mercedes Benz E-Class Coupe.
Oprah Winfrey is an American talkshow host and author. She has gained worldwide fame through her talk show The Oprah Winfrey Show. Oprah had a rough childhood but consistently persevered to be where she is now. She is currently the most influential and richest African-American woman and is known all over the world.
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