Meet Warren Buffett, whose net worth is MASSIVE Rs 14200000000000 but lives in house worth only…, but no match to Mukesh Ambani, Gautam Adani and…
New Delhi: Warren Buffett, the 94-year-old billionaire investor, will step down as CEO of Berkshire Hathaway by the end of 2025. The announcement was made by Buffett at the company’s annual shareholders meeting in Omaha. According to the reports, the board is expected to formalize this transition soon. Buffett has named Greg Abel as his successor. While the decision wasn’t entirely unexpected, it still surprised many. Buffett’s wealth has increased by USD 16.4 billion this year, even as other billionaires have seen declines.
He cautiously sold stakes in tech and banking, accumulated cash, and supported high-yield US Treasury securities. His investment strategy is rooted in patience and prudence. As of the end of 2024, Berkshire held USD 334 billion in cash reserves.
All you need to know about Warren Buffett:
- Warren Buffett manages a stock portfolio worth USD 267 billion
- The stock includes major companies like Apple, American Express, and Coca-Cola. Despite his immense wealth, Buffett leads a simple life.
- He has pledged to donate most of his fortune to the Bill & Melinda Gates Foundation. Buffett’s resignation marks the end of a 54-year tenure as CEO of Berkshire Hathaway.
- His legacy will now be carried forward by Greg Abel.
- Warren Buffett made a major announcement at Berkshire Hathaway’s annual shareholders’ meeting.
- He stated that he will step down as CEO by the end of 2025. Greg Abel will take over the role.
- Buffett is 94 years old. Even at this age, his financial acumen is remarkable.
- According to the Bloomberg Billionaires Index, his net worth is $169 billion (around ₹14.2 lakh crore).
- Forbes estimates that as of May 3, 2025, his net worth stands at $168.2 billion. This year, his wealth has increased by $16.4 billion—the highest gain among the world’s top 10 billionaires.
Despite his immense wealth, Buffett leads a simple life. He still lives in the same house in Omaha that he bought in 1958 for $31,500. Today, the house is worth around $1.4 million (₹11 crore). In addition, he owns a holiday home in Laguna Beach, California.
Buffett’s investment style is based on patience and wisdom. In a 2018 interview with CNBC, he said, “People who get upset by fluctuations in prices should not own stocks.” He also wrote in The New York Times in 2008, “Be fearful when others are greedy, and be greedy when others are fearful.”
News