Warren Buffett was once the richest man in the world. Then he gave it all away

Australia News News

Warren Buffett was once the richest man in the world. Then he gave it all away
Australia Latest News,Australia Headlines
  • 📰 9NewsAUS
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

He could have been the world's richest man if he didn't make one costly decision almost 20 years ago.

The 93-year-old's net worth is today estimated to be around $US128.9 billion making him the world's 10th richest person, according to

In fact, a late June donation of $7.8 billion bumped Buffet down two spots on Forbes' rich list, giving him his lowest ranking in decades.If he'd kept hold of the stock, his net worth would be around $293 billion, outpacing the world's richest man Elon Musk by $60.8 billion, No.2 Jeff Bezos by $114.2 billion and No.3 Bernard Arnault by $151.3 billion.

A large chunk of his fortune has gone towards a trust that funds the Bill and Melinda Gates Foundation - a non-profit focused on tackling poverty and strengthening healthcare in developing countries.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

9NewsAUS /  🏆 10. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Warren Buffett finally reveals what will happen to his money after he diesWarren Buffett finally reveals what will happen to his money after he diesHe will put his wealth in a new charitable trust overseen by his three children.
Read more »

SUN ASX: Suncorp dumps insurance-protection deal with Warren Buffett’s Berkshire HathawaySUN ASX: Suncorp dumps insurance-protection deal with Warren Buffett’s Berkshire Hathawayhe decade-long arrangement had split the risks and rewards of the insurer’s exposure to weather in Queensland, covering 30 per cent of its home policies.
Read more »

FBI and DHS warn of potential 'follow-on or retaliatory attacks' following Trump assassination attemptFBI and DHS warn of potential 'follow-on or retaliatory attacks' following Trump assassination attemptThose at the forefront of the election are under &x27;a heightened threat&x27; from &x27;individuals in some online communities&x27;.
Read more »

Black hole 20,000 times size of the Sun discovered in neighbouring star cluster ends 20-year searchBlack hole 20,000 times size of the Sun discovered in neighbouring star cluster ends 20-year search&x27;When I saw the data, I immediately knew we found something special.&x27;
Read more »

The White House faces many questions about Biden's health and medical history. Here are some answersThe White House faces many questions about Biden's health and medical history. Here are some answersDr Kevin O&x27;Connor, Biden&x27;s physician, issued his first comment since the debate.
Read more »

Illegally brewed liquor kills at least 34, puts dozens in hospital in southern IndiaIllegally brewed liquor kills at least 34, puts dozens in hospital in southern IndiaThe state&x27;s chief minister has vowed that such crimes &x27;will be suppressed with an iron fist&x27;.
Read more »



Render Time: 2025-02-15 01:52:52