Warren Buffett can attribute his wealth to hundreds of companies.
While most of the world’s richest people came to that title through a single company, billionaire investor Warren Buffett’s story is different.
Buffett makes a salary of $100,000 as CEO of Berkshire Hathaway, which is just a tiny fraction of his $83.6 billion net worth. So how did he get all that money? Some of it comes down to his extreme frugality, like his famous $18 haircut. But more of it comes down to the returns on his investments, which are typically stocks with low, yet stable, returns.
Berkshire Hathaway’s roots trace back to a textile mill in Rhode Island, which was struggling until Buffett came into the picture. Buffett started accumulating shares in the company as Berkshire's stock continued to decline, eventually owning enough shares to take control of the company. Buffett currently owns 36.8% of Berkshire.
Ever bought a car? Berkshire also owns more than 80 auto dealerships around the nation, including brands like Ford F, -2.23% , Toyota TM, -1.05% and Mercedes-Benz.Beyond owning entire companies, Berkshire is also heavily invested in Apple Inc. AAPL, -0.97%, Wells Fargo & Co. WFC, -0.61% , Kraft Heinz KHC, -1.17%, Bank of America Corp. BAC, -2.08% and the Coca-Cola Co. Other investments include Southwest Airlines Co. LUV, -0.89%, American Express Co. AXP, -0.99%, Goldman Sachs Group Inc.
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