{"id":7367,"date":"2015-08-12T16:45:05","date_gmt":"2015-08-12T20:45:05","guid":{"rendered":"https:\/\/aspire-canada.com\/?p=7367"},"modified":"2017-02-19T11:34:24","modified_gmt":"2017-02-19T16:34:24","slug":"how-rich-was-warren-buffett-at-your-age","status":"publish","type":"post","link":"https:\/\/aspire-canada.com\/?p=7367","title":{"rendered":"How Rich Was Warren Buffett at Your Age?"},"content":{"rendered":"

How Rich Was Warren Buffett at Your Age?
\n\"warren_buffett_net_worth_2\"<\/a><\/h2>\n

Billionaire Warren Buffett is known as one of the richest investors in the world, with a net worth that seems to grow by the day. But the \u201cOracle of Omaha\u201d wasn\u2019t always as filthy rich as he is today. In fact, 99 percent of his immense wealth was earned after his 50th birthday, reports Business Insider.<\/p>\n

That doesn\u2019t mean Buffett, 84, was a late bloomer in any sense. He started his financial path toward wealth at a very young age and built his fortune slowly over the years, decade by decade \u2014 something we can all do with a little perseverance and a lot of hard work.<\/p>\n

Warren Buffett\u2019s Wealth Through the Years<\/strong>
\nBuffett was born in 1930, at the height of the Great Depression, and showed a savvy business acumen as a child. At 11 years old, he was already buying stock: multiple shares of Cities Service Preferred for $38 apiece. When he was just a teenager, he filed his first tax return, delivered newspapers and owned multiple pinball machines placed in various businesses. By the time he graduated high school, Buffett had already bought a 40-acre farm in Omaha, Neb., and sold his pinball machine venture for $1,200.<\/p>\n

Legend has it that during his younger years Buffett once said, quite prophetically, that he would be a millionaire by age 30, \u201cand if not, I am going to jump off the tallest building in Omaha.\u201d<\/p>\n

Here\u2019s a look at Warren Buffett\u2019s net worth and earnings (according to Dividend.com) and also the median household income provided by data from the U.S. Census Bureau throughout the years. Find out exactly how rich Warren Buffett was at your age and compared with the rest of America during that time.<\/p>\n

Warren Buffett\u2019s 20s: The First $100,000<\/strong>
\nAfter graduating college, Buffett worked for his father\u2019s brokerage firm as a stockbroker. When Buffett was 21, his net worth was shy of $20,000, reports Dividend.com.<\/p>\n

At age 24, Buffett was offered a job by his mentor, Benjamin Graham, with an annual salary of $12,000. According to U.S. Census Bureau data, this was already about three times the annual median income for the average family in 1954 \u2014 proof that Buffett was well on his way to fortune. By the time Buffett reached 26, his net worth was $140,000.<\/p>\n

Warren Buffett\u2019s 30s: Millionaire Status<\/strong>
\nWhen he reached 30 years of age, Buffett\u2019s net worth was $1 million. In 1960, the average family income in the U.S. was $5,600 per year. Compared with Buffett\u2019s $1 million net worth at the time, men who were working full time only made $5,400.<\/p>\n

By age 35, according to Dividend, Buffett\u2019s partnerships had grown to $26 million. Buffett bought controlling stock in Berkshire Hathaway in 1965, according to CNN, and by 1968 his partnerships grew to $104 million. Going into his forties at age 39, Buffett\u2019s net worth was listed at $25 million.<\/p>\n

Warren Buffett\u2019s 40s: Bounces Back From Financial Troubles<\/strong>
\nBy age 43, Buffett\u2019s personal net worth was at a high of $34 million. He used some of this capital the year prior to purchase See\u2019s Candies for $25 million, reports The Motley Fool, and it became an investment that\u2019s still profitable in 2015. But, the mid-1970s proved to be a rough period for Berkshire. By 1974, its decreasing share price lowered Buffett\u2019s net worth to $19 million when he reached 44, reports Dividend.<\/p>\n

Never one to let his savvy investment skills fall by the wayside, Buffett was able to recover financially. By the end of the decade, he had increased his net worth to $67 million at age 47. By the close of the 1970s, the median U.S. household income was $16,530.<\/p>\n

Warren Buffett\u2019s 50s: Becoming a Billionaire<\/strong>
\nBuffett\u2019s net worth in 1982 was $376 million and increased to $620 million in 1983, according to Dividend. In 1986, at 56 years old, Buffett became a billionaire \u2014 all while earning a humble $50,000 salary from Berkshire Hathaway.<\/p>\n

Meanwhile, the average American in 1986 was making nearly half of what the Oracle of Omaha was earning in salary; the median household income in 1986 was $24,900. As Buffett neared 60 years old, he was worth $3.8 billion.<\/p>\n

Warren Buffett\u2019s 60s: Berkshire\u2019s and Buffett\u2019s Net Worth Grow<\/strong>
\nIn a letter to Berkshire Hathaway shareholders in 1990, Buffett wrote that he thought the company\u2019s net worth would decrease during this decade, and the second half of 1990 supported that. But late in the year, the company was able to close with a net worth of up to $362 million. As he entered further into his sixties, Buffet\u2019s personal net worth grew as well \u2014 to $16.5 billion by the time he was 66 years old, states Dividend.<\/p>\n

The average American began to creep up to Buffett in earning power during the 1990s. According to Census data, the median household income by the end of the decade was close to $42,000.<\/p>\n

Warren Buffett\u2019s 70s: Philanthropy and Growth<\/strong>
\nWithin six years \u2014 from age 66 to 72 \u2014 Buffett\u2019s net worth more than doubled. His net worth at 72 years old was listed at a whopping $35.7 billion. But, Buffett is about sharing the wealth. In 2006, he released pledge letters that stated he will donate 85 percent of his wealth to five foundations over time, reports CNN.<\/p>\n

The median household income in 2000 was $42,148.<\/p>\n

Warren Buffett\u2019s 80s: The Sky\u2019s the Limit<\/strong>
\nAs of mid-August 2015, Buffett\u2019s net worth is $67 billion, making him one of the richest billionaires in the world, behind Bill Gates and Carlos Slim Helu. At 84, Buffett shows no signs of stopping anytime soon. And while he might have an 11-figure fortune, Buffett reportedly earns only $100,000 a year at Berkshire Hathaway and spends it frugally.<\/p>\n

Still, the master investor is making much more than the average American. According to the most recent Census Bureau data, the median household income in the U.S. is $51,939.<\/p>\n

This article was first published on GoBankingRates<\/a> and syndicated by the Personal Finance Network.<\/p>\n","protected":false},"excerpt":{"rendered":"

How Rich Was Warren Buffett at Your Age? Billionaire Warren Buffett is known as one of the richest investors in the world, with a net worth that seems to grow by the day. But the \u201cOracle of Omaha\u201d wasn\u2019t always as filthy rich as he is today. In fact, 99 percent of his immense wealth…<\/p>\n

READ MORE<\/a><\/div>\n","protected":false},"author":3301,"featured_media":7368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","pmpro_default_level":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-7367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","pmpro-has-access"],"yoast_head":"\nHow Rich Was Warren Buffett at Your Age?<\/title>\n<meta name=\"description\" content=\"How Rich Was Warren Buffett at Your Age?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aspire-canada.com\/?p=7367\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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