Warren Buffett is the third-richest man in the world. He therefore commands a fortune that is beyond the wildest dreams of most people. As of May 2019, his net worth is actually a colossal $85.2 billion, which is more than the gross domestic product (GDP) of hundreds of countries. Buffett of course gives a lot of money away right now, as he’s a noted philanthropist. But the sheer size of his wealth raises an important question: what will happen to those billions of dollars after Buffett dies?
So how did the multi-billionaire earn his fortune? Well, Buffett has essentially spent his whole life building up his riches. When he was just seven years old, for instance, he picked up a book from the public library called One Thousand Ways to Make $1,000 – and the tome captivated him. The young Buffett then started looking for ways to make his own money. And to begin with, he sold magazines, drinks and gum to his neighbors.
Buffett subsequently worked at a series of odd jobs, and his savings continued to grow too. Then, at the age of just 11, the businessman began buying shares. And a few years down the line, Buffett actually bought a whole farm after reaping the rewards of putting cash into his father’s company. So the money was already flowing in. But Buffett next went to college at his father’s insistence; and by the time he was done at the educational establishment, the young entrepreneur had amassed $9,800 – the equivalent of just over $100k in today’s money.