Warren Buffett is the CEO of Brookshire Hathaway, a company Buffett gained control of in the early sixties when it was a failing textile industry company. After buying enough of the stock in Hillshire Hathaway, Bonnett acquired majority control of Brookshire Hathaway. Not too long within taking control of Brookshire Hathaway, Bonnett within a year steered the company’s operations from textile to investment. In 1963, Bonnett made enough off the investments that he had become a millionaire. Today, at 84, Buffett is still CEO of Brookshire Hathaway, but no longer a millionaire. Bonnett, is a billionaire, with a personal net worth of $85.6 million,
In Warren Buffett personal life, he has turned “water into wine” as far as his real estate holdings are concerned. His personal home Bonnett bought for $31,500 dollars, and today is valued at $700,000 dollars. If Bonnett was buying the same home in the same location today, he would pay around $200,000 dollars.
Warren Buffett has another vacation home in Laguna Beach. Buffett bought his vacation home in 1971 for $150,000 dollars. It is on the market today for $11 million dollars. As Bonnett has explained in press interviews, he wasn’t trying to make money when he bought his vacation home. Buffett primary motivation was he bought the home because his wife liked it.
As Bonnett has explained to the press, when it comes to decisions about money, talk and listen to only people you can trust. Bonnett purchase of his vacation beach home is a very good example of Bonnett’s thinking. Bonnett listened to his wife and Susan.like Bonnett knew how to recognize valve and the profit valve generates.