If Warren Buffett had given less, he would be $ 87 billion than Elon Musk

New York-Um to understand how successful Warren Buffett was on Berkshire Hathaway during his six decades, consider the following: Even his assets of $ 167 billion ($ 216 billion) does not come close to taking his wealth and influence.

Over the course of almost 20 years, the 94 -year -old Buffett gave Berkshire shares worth more than 60 billion US dollars at the time of the Berkshire donation. According to Bloomberg calculations, this share would now be a value of around 230 billion US dollars.

In other words, the oracle of Omaha had recorded its share over the years, according to Bloomberg Millionaires Index, it would have a net assets of almost 400 billion US dollars from April 30th. That is 67 billion US dollars ($ 87 billion) more than the assets of Elon Musk, the richest person in the world.

“Warren has shown through Word and Tat how to live an effective and fulfilling life,” said Seth Klarman, Chief Executive Officer of the Hedge Fund Baupost Group, one of many billionaires who, according to the news that Mr. Buffett, will be back from Berkshire at the end of 202, and offers emotional tribushes.

Although MR Buffett had long explained that his assets would go to charity when he died, his giving was modest for a large part of his career by making a foundation in the 1960s, which he later renamed his late wife Susan. In 2006, however, he changed significantly and announced that he intended to give away 85 percent of his assets and then immediately evaluate with around 44 billion US dollars.

In the past two decades, Mr. Buffett has given stocks on regular installments. In 2010 he was the promise with Bill Gates and Melinda French Gates and warned other ultra-rich people to give away at least half of their wealth.

When MR Buffett founded the promise, he increased the effort and promised to give more than 99 percent of his assets for philanthropic purposes during his lifetime or death.

“Should we use more than 1 percent of my damage tests for ourselves,” he wrote in the letter and referred to Berkshire.

In 2024, he outlined in more detail in a letter to Berkshire's shareholders, which would happen with his remaining assets than he died. His three children Howard, Peter and Susie will have the task of donating his remaining stocks and must agree on any decision.

Mr. Buffett never pushed too far, physically or in the spirit of his modest roots of Nebraska. He provided papers and sold sweets from door to door as a boy to support and invest his early fascination for the stock market. He attended the graduate school at Columbia University, where he studied under the economist Ben Graham, the praised father of Value Investing.

He began to acquire 1962 stocks of Berkshire Hathaway, a textile manufacturer, and turned it into a acquisition vehicle for his bargain hunt. His stock price rose with his bets and provided a return of more than 5,500,000 percent.

His investment strategy applies to his famous economical lifestyle from his hobbies (Bridge, Ukulele) to his house, a Dutch inpatient, Dutch Omaha House in Colonial style, which he bought in 1958.

It is unclear how much non-philanthropical capital he wants to leave his children. His wife Susan had 10 million US dollars in their will in their will in their will when she died in 2004, which, according to Buffett, was the first big gift they had given you. He once called a dynastic wealth “the enemy of a meritocracy”.

“These legacies reflected our conviction that extremely wealthy parents should give their children enough so that they can do everything, but not enough that they cannot do anything,” Buffett wrote in the shareholder letter and repeated a chorus that he has often expressed for almost 40 years. Bloomberg

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