What should you know?
Warren Buffett is widely regarded as one of the greatest investors of all time. At the time of writing, at the tender age of 94, he has amassed a fortune of over $150 billion.
However, he hasn’t always been among the richest people in the world. In fact, 99% of his net worth was earned after his 50th birthday.
Here’s a look at Warren Buffett’s net worth over the years:
Why should you care?
Warren Buffett is an exceptional investor. But that is only part of the story, the key factor in his success is that he’s been an exceptional investor for more than 80 years – he began investing at age 11 and has continued well into his 90s.
This long time horizon has allowed his investments to compound year after year, multiplying his wealth exponentially over time.
You don’t need to be a financial genius like Warren Buffett to benefit from compounding. All you need is consistency, patience, and time.
Buffett’s directive for his wife in his will sums it up perfectly:
“My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund.”
There is no secret ingredient when it comes to investing. The formula is simple: start early, remain patient, and let time do the heavy lifting.
