close
close
Warren Buffett shows how the patience pays off: 98% of its 160 billion US dollars came after 65 years, thanks to the power of “interest interest” – Apple (Nasdaq: AAPL), American Express (NYSE: AXP)

Warren Buffett shows how the patience pays off: 98% of its 160 billion US dollars came after 65 years, thanks to the power of “interest interest” – Apple (Nasdaq: AAPL), American Express (NYSE: AXP)

by

According to the latest data that are shared by Creative planning, INC., “Oracle of Omaha”, Warren Buffett Earn 98% of his current net assets after turning 65.

What happened: According to Bloomberg's billionaire index, the 94-year-old veteran investor Buffett has a net value of $ 160 billion.

Peter Mallouk, The President and CEO of Creative Planning shared data in which they show that the ACE investor's net assets were 3 billion US dollars almost 34 years ago when he was only 65 years old.

Since May 14, his assets have increased almost 5,233% to $ 160 billion. This shows that after 65 years he deserves 98% of his assets.

Mallouk also quoted Buffett and stated that the growth of his assets was possible through the power of the network.

“My life was a product of interest,” said Buffett once.

See also: Kevin O'Leary praises Robinhoods Acquisition of Wonderfi “Cross -border trade will transform:” No longer outrageous bank fees “

Why it is important: Buffett keeps his investments through the holding company. Berkshire Hathaway Inc. BRK BRKwho has his headquarters in Omaha, Nebraska.

Buffett about Berkshire is known as one of the best portfolio managers ever. Apple Inc. AAPLPresent American Express Co. AXPPresent Bank of America Corp. BACAnd Coca-Cola Co. Ko.

BRK has so far returned 13.47% this year, while Spy has increased by 0.13%. This is that Berkshire is sitting on a cashpile worth 348 billion US dollars from the first quarter of 2025.

Price action: By Tuesday, BRK closed -0.47% lower with $ 511.88 each. The SPDR S&P 500 ETF Trust SPY And Investco QQQ Trust ETF QQQThe S&P 500 index and the Nasdaq 100 index ended positively ended on Tuesday. The spy rose by 0.66% to $ 586.84, while QQQ qqq rose by 1.52% to $ 515.59 according to Benzinga.

On Wednesday, the Futures of the S&P 500, Dow Jones and Nasdaq 100 indices were traded a little above the flatline.

Read next:

Image via Shutterstock

Leave a Comment