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What Is Warren Buffett's Net Worth?

Warren Buffett's net worth soared from $620 million in 1960 to an astonishing $115 billion in 2023.
UPDATED AUG 24, 2023
Getty Images | Photo by Dimitrios Kambouris
Getty Images | Photo by Dimitrios Kambouris
Name  Warren Buffett
Net Worth $115 Billion
Salary $1 Billion+
Annual Income $8 Billion+
Sources of Income Investing, Entrepreneur, Business, Financier
Gender Male
Date of Birth Aug 30, 1930
Age 92 years old
Nationality United States of America
Profession Investor, Entrepreneur, Businessperson, Financier

Warren Buffett, the legendary American investor and philanthropist, boasts an astounding net worth of $115 billion. Renowned as one of the most successful investors of all time, Buffett's financial journey is characterized by his astute investment decisions and his knack for turning modest beginnings into extraordinary wealth. As the chairman and CEO of Berkshire Hathaway, his substantial ownership interest in the company has been a primary driver of his net worth. Over the decades, his calculated investments and the growth of Berkshire Hathaway have solidified his position as one of the wealthiest individuals globally.

Warren Buffett's net worth has witnessed remarkable growth over the years. Starting with a net worth of $20,000 at age 21, he achieved his first million by age 30 and later became a billionaire by age 56. His shrewd investments and disciplined approach have played a pivotal role in his financial journey.

Getty Images | Photo by Alex Wong
Getty Images | Photo by Alex Wong

Warren Buffett's diverse sources of income stem primarily from his investment expertise and the strategic management of his conglomerate, Berkshire Hathaway. As the largest shareholder of Berkshire Hathaway, his wealth is significantly tied to the company's performance and the value of its extensive portfolio of investments. The conglomerate owns a wide range of businesses spanning insurance, energy, consumer goods, and more, which generate substantial revenues and contribute to Buffett's income. Additionally, dividends and capital gains from these investments contribute to his financial success. Berkshire Hathaway's portfolio's five largest positions are in Apple Inc. (AAPL), Bank of America Corp (BAC), Chevron (CVX), The Coca-Cola Company (KO), and American Express Company (AXP)

Buffett's ability to identify undervalued stocks, acquire profitable businesses, and leverage compounding returns has led to substantial income growth over the years. Moreover, his annual letter to shareholders often sheds light on his investment strategies and provides insights into the profitability of Berkshire Hathaway, influencing market sentiment and contributing to his overall income.


Warren Buffett's salary

Warren Buffett's compensation structure is unique compared to traditional corporate salaries. He famously receives a modest salary of $100,000 per year as the Chairman and CEO of Berkshire Hathaway. This token salary is significantly lower than what most CEOs of large corporations earn. Instead of relying on a substantial salary, Buffett's wealth is primarily tied to the performance of Berkshire Hathaway's stock and the appreciation of his investments. His compensation philosophy aligns with his long-term investment strategy, where he emphasizes the importance of creating value for shareholders and letting his wealth grow organically through capital appreciation and dividends from his holdings.

Warren Buffett has maintained a modest lifestyle despite his immense wealth. He resides in the same house he purchased in Omaha, Nebraska for $31,500 in 1958, now valued at around $1.2 million. His primary source of wealth is his ownership in Berkshire Hathaway, which owns hundreds of companies and has a market cap of approximately $700 billion.

Buffett owns nearly 300,000 Class A shares and almost 150,000 Class B shares of Berkshire Hathaway, which represents over 98 percent of his net worth.

Buffett's investments extend to other companies as well. He owns shares in companies like Wells Fargo, Seritage Growth Properties, U.S. Bancorp, and IBM, among others.

Getty Images | Photo by Spencer Platt
Getty Images | Photo by Spencer Platt
2023 $115 Billion
2020 $82 billion
2010 $47 billion
2000 $36 billion
1990 $362 million
Twitter 1.6 million followers
Getty Images | Photo by Dimitrios Kambouris
Getty Images | Photo by Dimitrios Kambouris

Warren Buffett's early life laid the foundation for his remarkable journey as one of the world's most successful investors. Born on August 30, 1930, in Omaha, Nebraska, Buffett showed an early fascination with business and investing. His interest in finance was evident even during his childhood, as he made his first investment at the age of 11, purchasing three shares of Cities Service Preferred for himself.

During a trip to New York City at the age of 10, Buffett made a deliberate visit to the New York Stock Exchange, a visit that would spark his passion for the stock market. By the time he was a high school sophomore, he was already running a successful business operating pinball machines. His net worth at that time, equivalent to $60,000 in today's terms, highlighted his knack for business and finance.


Warren Buffett's remarkable contributions to the world of business and philanthropy have earned him numerous accolades and honors. He received the Presidential Medal of Freedom in 2011 for his philanthropic efforts. He was recognized by Carleton University with an honorary Doctor of Fine Arts degree and awarded the Golden Plate Award by the American Academy of Achievement.

Buffett's outstanding work in finance and his dedication to giving back were acknowledged with honorary doctorates from Brock University and California State University. His transformative impact on the investment landscape led to him receiving the Nierenberg Prize for Science in the Public Interest. Buffett's philanthropic endeavors, including co-founding The Giving Pledge, have left an indelible mark, with his charitable work and wealth management techniques continuing to inspire and influence individuals across the globe.

At what age did Warren Buffet start investing?

He bought his first stock at the age of 11 – Cities Service Preferred Stock, which he eventually sold for a 4.6% gain

What is Warren Buffett's first rule of investing?

The first rule of an investment is don't lose [money].

What strategy did Warren Buffett use to become rich?

Buffett has built his wealth by doing essentially the same thing over all these years, known as “value investing,