How Warren Buffett Spends His Billions

A quick look at how Warren Buffet Spend his BILLIONS!
#warrenbuffet #billionaire #superrich
According to Forbes real time list of the richest people, in February 2020 Warren Buffett is currently the fourth richest person in the world with 82.2 billion dollars.
Despite his $80 billion-plus net worth, Warren Buffett lives a fairly frugal life.
He is one of the world’s most generous philanthropists, opting to give away most of his billions to charity.
Berkshire Hathaway started as a group of textile manufacturing companies dating back to the late 1800s. Buffett’s early childhood years were filled with entrepreneurial ventures. In one, Buffett sold chewing gum, Coca-Cola bottles, and weekly magazines door to door.
While still in high school, he made money delivering newspapers, selling golf balls and stamps, and detailing cars, among other means.
In 1945, as a high school sophomore, Buffett and a friend spent $25 to purchase a used pinball machine, which they placed in the local barber shop, and within months, they owned several machines in three different barber shops across Omaha.
By the time he finished college, Buffett had accumulated $9,800 in savings or about $105,000 today.
Buffett worked from 1951 to 1954 at Buffett-Falk & Co. as an investment salesman and from 1954 to 1956 at Graham-Newman Corp. as a securities analyst.
Buffett began buying shares in Berkshire Hathaway in 1962 and eventually became its largest shareholder.
He took control of the company in the mid-1960s and Berkshire Hathaway evolved into a holding company for the purpose of buying Buffett’s investments.
Housing is not one of the things he spends his money on as Buffett lives in a modest home in Omaha, Nebraska, which he bought for $31,500 in 1958.
It is a little over 6500 square feet and has has 5 bedrooms and 2.5 bathrooms.
In 1971 he did buy a house in Laguna Beach, California, for $150,000 although it sold in October 2018 for $7.5 million.
For a car, he drives a 2014 Cadillac XTS worth 44,600 dollars. His phone is another item in which he does not splurge as he still uses a flip phone. He spends no more than 18 dollars on his haircut, and his McDonald’s breakfast is less than four dollars. One area in which he does splurge is Coca Cola; he drinks about 5 of them a day.
Another area, and where he says is the only thing he does that costs a lot of money is his private jet. His jet was named "The Indefensible" as this purchase was a break from his past condemnation of extravagant purchases by other CEOs and his history of using more humble transportation.
Of course, Warren being Warren, he paid $725 million to buy the then struggling executive jet player NetJets in 1998. Since then, NetJets has morphed into the unquestioned leader in the fractional jet marketplace.
Recently, Warren Buffett has started what some have called the biggest disruption in energy since the First Industrial Revolution. His NV Energy company signed a deal with Los Angeles’ government to build America’s biggest solar farm. It will be backed by the world’s largest battery and power 6-7% of LA’s electricity needs. The farm will span 7,100 acres in the desert outside Las Vegas. The plant’s power will cost $33 per megawatt hour. Currently that is half the estimated cost of power from a new natural gas plant.
His investment philosophy is that patience pays. He describes his strategy as the Rip Van Winkle approach as he buys and then waits for the company to make good as he sleeps on his ownership. His philosophy has made him and Berkshire Hathaway amazing successes over the years. The company wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, Forest River and NetJets, and also owns 38.6% of Pilot Flying, 26.7% of the Kraft Heinz Company, and significant minority holdings in American Express, Wells Fargo, The Coca-Cola Company, Bank of America, and Apple.
Berkshire Hathaway has averaged an annual growth in book value of 19.0% to its shareholders since 1965; compared to 9.7% from the S&P 500 with dividends included for the same period.
According to the Forbes Global 2000 list and formula, Berkshire Hathaway is the third largest public company in the world, the tenth largest conglomerate by revenue and the largest financial services company by revenue in the world. The company has an equity of $348.7 billion and assets worth $707.8 billion.
While he Buffett doesn’t spend a lot of money on himself compared to other billionaires, he is considered the most generous man in the world, having donated more than 46 billion dollars since the year 2000. He does plan to give each of his kids 2 billion dollars, and the rest of his fortune is scheduled to go towards his philanthropic causes, notably to the Bill and Melinda Gates Foundation.
He will forever be known as one of the most generous people to ever live.

[@kennymanesse]

Best channel. Put out more content! Great motivation

[@electriccars-EV]

Cool

[@a.i.3025]

Good move

[@leaf4267]

My teacher

[@abdullahhakan1]

If I were Warren Buffet, I would also drive my old cars while living in the USA houses and mansions, but whenever I visit France, Spain, Portugal, north Italy , I would stay at Presidential Suites , rent most expensive sedan or limo cars while travelling everywhere, biggest caravans 2 million usd sales value for each caravan with my aides at the Berkshire Hattaway. I would rent best of the best escort girls to stay with me while on journeys overseas at highest luxurious clothes, long heeled shoes, 90 60 90, 1.80 cm tall. I would visit each country in the world and might invest in irrigation lands e.g. in Bangladesh Chittagong, Sri Lanka etc which are lush green and can give 10 times more agricultural highest nutrition fruits, vegetables.

[@junioag7694]

buffet should be the entry level stock for new investors they are realy smart they should make a advanced app that moves money and invests live

[@markdawson9094]

Bruh: He spends his money on Eugenics and Depopulation.