THIS billionaire has net worth of Rs 12647000000000… Is three times wealthier than Ambani, and sold newspapers to…

Warren Buffett, also known as the 'Oracle of Omaha', has a net worth which is three times more than Ambani's.

New Delhi: The popular investor of the United States, Warren Edward Buffett, is the chairman and CEO (Chief Executive Officer) of Berkshire Hathaway. Several media reports suggest that the company’s cash increased to $381.7 billion, which translates to almost thirty-four lakh crores in the Indian currency. This reportedly happened in the third quarter (July-September). The largest shareholder of Berkshire Hathaway is the chairman, Warren Buffett himself. The net worth of this multinational conglomerate company is almost three times the net worth of India’s wealthiest business holder, Ambani. Many people find it interesting that he used to sell newspapers at the age of 13.

Who is Warren Buffett?

Warren Buffett is popularly known as the ‘Oracle of Omaha’ and was born in 1930. He had a surprising interest in mathematics from childhood and made frequent visits to his father’s stockbroking company. He used to take interest in writing the values of stocks on the office chalkboard. At the age of 11, he made his first investment by purchasing three stocks at $38, which later increased to $200. He has a good educational background and completed a master’s degree in economics from Columbia University in the year 1951.

What is Warren Buffett’s net worth?

As per the reports of Forbes, Warren Buffett’s net worth stands at $142.5 billion, making him the 11th richest individual in the world. The net worth of his company, Berkshire Hathaway, is $381.7 billion, which is thrice that of Ambani.

Warren Buffett’s retirement

Warren Buffett is the CEO of Berkshire Hathaway, which is a multinational conglomerate. It further owns multiple companies like Geico, Duracell, Dairy Queen, BNSF, McLane Company, Lubrizol, and several others. He’s most likely to retire as the company’s CEO at the end of this year. However, he’ll still remain the chairman.