Billionaire Warren Buffett is reportedly the third wealthiest man in the world, right behind Bill Gates and Amancio Ortega. And, at 86 years old, he is the oldest CEO in the S&P 500. But, to the layman it’s hard to really imagine the kind of wealth that someone like Warren Buffett makes. Last estimates place his wealth at around $70 billion, but for someone who makes thousands a year, how much is $70 billion really?
Well, as it turns out, it’s way more than you probably think it is.
In fact, if you were to take Warren Buffett’s wealth and distribute it evenly over the 86 years that he has been alive, Buffett has made just under $2 million per day for his entire life. Let’s let that sink in a moment. That means that, on average, Buffett’s weekly checks could be as much as $14 million. And, even more shocking, at that rate he is actually only 7th on the list of per-day wealth, according to CNBC‘s calculations based on Forbes data.
Here’s CNBC’s chart of the wealthiest people by how much they make a day:
Of course, that figure is far from actually accurate, as Buffett made vastly more in the later years of his life than the earlier years. He wasn’t born with a silver spoon and has worked for every penny he has made. Still, breaking it down that way is a much easier way to understand exactly how wealthy the third wealthiest man in the world really is.
But, despite that wealth, the ever-practical Buffett reportedly only lives on around $100,000 per year (not counting the upkeep of his personal jet, which costs way more than that). Regardless, it’s interesting to take a look at the immense success of Warren Buffett in terms that are more easily understood.