Warren Buffett is a very well-known name, if not for his investment strategies, then just because he is the second wealthiest man in the world. Granted, that has not always been the case. 86 year old Buffett actually acquired 99% of his net worth— valued at $73.1 billion currently— after his 50th birthday.
Buffett began making money at a younger age than most of us; at age 11 he purchased his first stock, and at age 14 he filed his first tax return. By the time he was graduating high school, Buffett had already sold a small business and purchased a 40 acre farm. Have you ever wondered how rich Warren Buffett was at your age?
The First $100,000
Buffett briefly worked for his father’s brokerage after graduating from Columbia Business School in 1951, at the age of 21. Just a few years later, he began working for a respectable salary under the father of value investing, Benjamin Graham. When he turned 26 (in 1956), he was valued at $140,000.
Buffett Becomes A Millionaire
Buffett hit the millionaire mark when he was just 30 years old, in 1960. Buffett operated several different partnerships in the late 50’s, which he then merged around 1962. Additionally, in 1965, at the age of 35, Buffett began buying controlling stock in Berkshire Hathaway. During his 30’s, Buffett’s net worth grew from $1 million to $25 million.
Buffett and Berkshire Falter
In 1972, when Buffett was 42, Berkshire purchased See’s Candies for $25 million. While this is often referred to as the company’s first quality business purchased by Berkshire, the 70’s were a little rocky for the company. This is most likely because Berkshire was originally a textile company, and rather than admitting defeat Buffett tried to keep the textile division alive. So, Buffett entered his 40’s with a net worth of $25 million, when he turned 44 his worth was down to $19 million, but by the time he turned 47 it was back up to all time high of $67 million.
Buffett Becomes a Billionaire
During the 80’s, Buffett finally hit billionaire status at the age of 56. This is when you start to see huge leaps in Buffett’s net worth— at age 52, he was valued at 376 million, which increased exponentially by age 59, when he reached 3.8 billion.
Buffett’s Wealth Soars, but he Doesn’t Save It
The rest is pretty much history. When Buffett was 59 he was valued at 3.8 billion, but with 99% of his wealth being acquired after his 50th, it was only up from here. During one span, from 66 to 72, Buffett did more than double his wealth. Even then, at 72, he was only valued at $35.7 billion.
Currently, Warren Buffett’s net worth is listed as $73.1 billion making him the second richest man in the world. Buffett has no intention of keeping his wealth though— he has joined the Giving Pledge alongside Bill Gates and has pledged to give 99% of his fortune away upon his death.