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Warren Buffet facts

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McDonalds has a Gold Card that entitles the holder to free, unlimited food. Warren Buffet and Bill Gates have one, as does Charles Ramsey, who ditched his half-eaten Big Mac to help rescue three kidnapped women.

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The Walton family has given away about 2% of its net worth to charity, Bill Gates is giving away 48% of his net worth, and Warren Buffet 78% of his net worth.

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In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what's warren buffett worth. Here are 50 of the best facts about Warren Buffett Quotes and Warren Buffett House I managed to collect.

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  1. Warren Buffet filed his first tax return at age 13 to report income from his paper route, and claimed a $35 deduction for use of his bicycle.

  2. Warren Buffet is the second richest person in the US, and is worth $58 billion as of September 2013. Along with Bill Gates he is a leading philanthrocapitalist and has vowed that his children will not inherit any significant amount of his fortune.

  3. Warren Buffet has won a $1 million bet for 6 out of the last 7 years that the S&P 500 will beat a famous hedge fund portfolio return's

  4. Warren Buffet said, in an interview, 'In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if they don't have the first, the other two will kill you.'

  5. In 1998, a NY couple, Donald and Mildred Othmer, bequeathed $800 million to various institutions. Donald was a professor, Mildred a former teacher, they had no children and lived modestly. But back in the 60s, they invested their savings with an old family friend from Omaha, Warren Buffet.

  6. Warren Buffet only bought out Berkshire Hathaway, then a struggling textile company, in order to fire its owner due to a personal grudge. Buffet reckons it was his biggest investment mistake, costing him $200 billion in compounded investment returns for buying the company.

  7. The Walton Family has donated only 2% of their income to charities. Compare this to Bill Gates at 48% and Warren Buffet at 78%.

  8. Billionare Warren Buffet resides in a 6000 sqaure-foot home located in Omaha, Nebraska that he purchased in 1958 for $31,500 (roughly $250,000 present-day).

  9. Billionaire Warren Buffet ($66.7 billion net worth) still lives in the same house he bought in 1958 for $31,500.

  10. Warren Buffet submitted a $7 tax return when he was a teenager.

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warren buffet fact data chart about Warren Buffet said wealthy are "undertaxed". Tax rate on $1M
Warren Buffet said wealthy are "undertaxed". Tax rate on $1M regular income is much more than for capital gains income

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Warren Buffet was admitted to Columbia Business School after discovering the authors of one of his favorite books taught there and writing to them: I thought you guys were dead! Now that I know you're alive, and teaching at Columbia, I would like to come.

Billionaire investor Warren Buffet eats an unusually unhealthy diet which consists of 5 Coke products and McDonald's breakfast daily. - source

Bill Gates, Larry Ellison, and Warren Buffet are three of the richest people in the world. They all have Twitter accounts.

Warren Buffet went to The Wharton School at UPenn at age 16, but then transferred out because he felt he knew more than his professors

Warren Buffet said, "I could end the deficit in five minutes. You just pass a law that says that any time there's a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election." - source

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In respect to charities and giving back, the Walton family is worth as much as Bill Gates and Warren Buffet combined. The Walton family gives about 2% of its wealth to charity and other causes while Warren Buffet gives 78% of his net worth and Bill Gates gives 48% of his net worth.

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Warren Buffet and Quicken Loans offered to pay someone 1 billion dollars if they got their March Madness bracket 100% correct

Warren Buffet considers his worst investment his buying of Berkshire Hathaway - he estimates he would have twice his net worth (upwards of $200b) if had had a smaller ego when he was younger.

The 3rd richest man in the world, Warren Buffet, has had a $100,000 salary for the past 25 years.

Warren Buffet bought the house he still lives in today for 31,500 dollars in 1958 which is about 250,000 adjusted for inflation.

Warren Buffet bought (became majority shareholder of) Berkshire Hathaway in order to fire the CEO, who angered Buffet by changing the terms in his agreement to buy back Buffet’s shares

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The main reason Warren Buffet didn’t help broker a deal to save Lehman Brothers from collapse during the 2008 financial crisis is that he didn’t see a text sent to his flip phone, for 10 months.

In 2013 Warren Buffet made over $25 000 per minute for the entire year.

As of 2012, the Most Charitable individuals in the United States based on “Estimated Lifetime Giving” - Warren Buffet, Bill/Melinda Gates and George Soros - are all Atheists

Warren Buffet only acquired Berkshire Hathaway because the management offered to pay $0.125 less per share than what they had 'agreed' on. He only took control of the company out of spite and as soon as he took control of the company, he fired the management team.

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Berkshire-Hathaway was a failing textile company before Warren Buffet bought it and turned it into a multibillion-dollar holding company. The textile company floundered and Buffet once said, "I would have been better off if I'd never heard of Berkshire Hathaway."

Rose Blumkin, founder of Nebraska Furniture Mart, sold the company to Warren Buffet at the age of 89 on a handshake agreement. She didn’t like the changes he made to her store so she opened up a competing store across the street that became so popular, Buffet had to acquire it as well.

Warren Buffet has instructed his heirs to invest 90% of his money in Index Funds

Warren Buffet once backed a $1 billion prize if someone were to correctly guess the March Madness bracket. He currently offers his employees 1 million per year for life if they predict it accurately.

Warren Buffet's company, Berkshire Hathaway, staffs only 25 people who manage over $329 billion in assets.

Warren Buffet still resides in his Omaha home that he purchased for $31,500 in 1957

By the time he was 16, Warren Buffet had made $53,000.

Warren Buffet predicted a wide-scale economic event while discussing the dangers of derivatives 6 years before the financial crisis

The DOW Jones averaged annual increases of 5.3% over its first 100 year period. Warren Buffet calculated that if it continued with that growth, the DOW would hit 2,000,000 by the year 2099

Warren Buffet's face is used to market Cherry Coke in China

Bill Gates & Warren Buffet's Giving Pledge does not actually dictate that money will be spent in any certain way or towards any particular charity or cause, and there is no legal obligation to actually donate any money.

When asked how to solve the U.S. deficit, Warren Buffet responded: "You just pass a law that says that any time there's a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election."

The Giving Pledge, a campaign started by Bill Gates and Warren Buffet to encourage billionaires to give their money to charity upon their death. The pledge currently has 187 signatories who have pledged over $365 billion

The Giving Pledge is a commitment by the world's wealthiest individuals and families to dedicate the majority of their wealth to giving back. Created by Bill and Melinda Gates and Warren Buffet.

Warren Buffet bet Hedge Fund managers $1 Million that he could out perform them by investing in the S&P 500 over a 10 year period ... that was 8 years ago and he is up 66% to their 22%

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