Can You Guess How Much Money Warren Buffett Saved Up By The Time He Was 15? Hint: It's Much, Much More Than Your Son Or Nephew Has
When you think of Warren Buffett, you probably imagine him as one of the richest men in the world, with billions in his bank account. But have you ever wondered what he was like as a kid? Well, even at a very young age, he was thinking like a mini-mogul and had accumulated an incredible $2,000 by the time he was 15 years old! That may not seem like much now, but back in 1945, it was a small fortune.
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To put it in perspective, that $2,000 would be worth almost $35,000 in today's money! That's more than many people have saved up in their savings accounts and it's certainly a lot more than most teenagers carry around.
Warren Buffett stood apart from most teenagers. Even at that delicate age, he was already a smart business owner who considered investments, profits and optimizing his early business ventures.
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So, what made young Warren succeed? His family was certainly well-off, but he still hustled in somewhat surprising ways, at least by today’s standards.
He sold chewing gum and Coca-Cola door-to-door in his neighborhood, delivered newspapers before school and even set up his business to sell used golf balls and stamps.
His biggest success came from turning a plain teenage job – delivering newspapers – into something more significant and a foundation for greater things. He found ways to be more efficient, deliver faster and even sell extra subscriptions and calendars on the side.
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With the proceeds of this venture, Buffett was able to buy a 40-acre farm in Nebraska for $1,200, which he rented out for a steady income.
Buffett, who just turned 94, has an estimated net worth of around $143.7 billion. He’s averaged around $4.18 million every day of his life! Of course, he didn't make that much every day from the start – most of his wealth came later. But it's still an incredible way to think about how much he's achieved over the years.
Despite all that, his definition of success goes beyond money or fame. In a 2019 interview, he explained that if you're 65 or 70 and the people you care about truly love you back, then you're successful. He's seen incredibly wealthy people who are still miserable because no one loves them.
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He lives modestly and has pledged 99% of his wealth to charity, showing that success is about much more than a bank account – it's about investing in yourself, your relationships and living a meaningful life.
But when it comes to his children, he believes in tough love. His daughter Susie once asked him for a $41,000 loan to renovate her kitchen and his response suggested she “go to the bank like everyone else.”
Despite his often frugal behavior, Susie never felt he was stingy and appreciated his philosophy. Once, she said, “I actually agree with his philosophy of not dumping a bunch of money on your kids.” She agrees it's wiser not to leave them billions, as it would be “crazy” to do so.
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This article Can You Guess How Much Money Warren Buffett Saved Up By The Time He Was 15? Hint: It's Much, Much More Than Your Son Or Nephew Has originally appeared on Benzinga.com
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