Warren Buffett, the legendary investor, philanthropist, and CEO of Berkshire Hathaway, remains one of the wealthiest individuals in the world. Warren Buffett’s net worth often sparks curiosity, especially in the current year, as people wonder how much money he makes and the sources of his vast fortune.
Here’s everything you need to know about Warren Buffet’s net worth in 2024.
What is Warren Buffett’s net worth in 2024?
Warren Buffett has an estimated net worth of $135 billion in 2024.
Known as the “Oracle of Omaha,” Buffett’s financial acumen has made him a household name. Buffett is trending now due to his recent philanthropic endeavors and a significant update to his will. He donated an additional $5.3 billion to charity, continuing his commitment to giving away a substantial portion of his wealth.
Additionally, Buffett revealed changes to his will, shedding light on the future of his fortune after his passing. This news has garnered widespread attention, reflecting his influence and the public’s interest in his legacy.
Warren Buffett’s earnings explained — how do they make money?
Buffett’s primary source of income is Berkshire Hathaway, a multinational conglomerate holding company. Through Berkshire, he holds substantial stakes in various high-profile companies, generating immense wealth.
Berkshire Hathaway
Buffett earns significant income through his leadership at Berkshire Hathaway. The company’s diverse portfolio includes holdings in insurance, railroads, utilities, and manufacturing. Berkshire Hathaway reported a net income of $35.9 billion on total revenue of $92.5 billion in the second quarter of 2023 alone. The appreciation of Berkshire’s stock, in which Buffett has a considerable stake, is a major contributor to his wealth.
Investments in Apple and Coca-Cola
One of Buffett’s most notable investment strategies involves acquiring substantial stakes in well-established companies. Berkshire Hathaway’s stake in Apple is valued at approximately $177.6 billion, making up 50% of Berkshire’s equity investments. This investment alone has added billions to his net worth. Similarly, Buffett’s long-term investment in Coca-Cola, which is valued at around $23 billion, remains a cornerstone of his portfolio.
Other Major Holdings
Buffett’s investment strategy includes stakes in other major companies like American Express, Bank of America, and Kraft Heinz. For example, Berkshire Hathaway holds a $45 billion stake in Bank of America, which generates significant dividend income and capital appreciation.
Philanthropy
Beyond his investment income, Buffett’s philanthropy is a significant aspect of his financial narrative. His substantial charitable donations, primarily through the Bill & Melinda Gates Foundation and his own foundation, are funded by his wealth generated from investments and Berkshire Hathaway shares.
