98% of Warren Buffett's wealth came after he turned 65; here's the secret of the Oracle of Omaha
At 94 years of age, billionaire investor Warren Buffett is living proof of the power of patience, discipline, and compounding returns. The data provided by Peter Mallouk, president and CEO of Creative Planning, showed that almost 98% of Buffett's current was accumulated after the age of 65, as per a report.
Warren Buffett's Wealth Built Through Time
Mallouk revealed that the
Oracle of Omaha
's net worth stood at just $3 billion nearly 34 years ago when he was 65 years old, according to Benzinga.
Buffett's wealth has compounded by about 5,233% from that time to $160 billion as of May 14, as per the report. Now, the investor's net worth is $160 billion, as per Bloomberg's Billionaire Index. This reflects that the investor earned 98% of his wealth after 65 years of age, as per Benzinga.
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Magic of Compound Interest
While revealing this data, Mallouk also quoted Buffett, who emphasized that the growth in his wealth was possible through the power of compounding, reported Benzinga.
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Buffett has previously shared that, 'My life has been a product of
compound interest
,' as quoted in the report.
He has invested through
Berkshire Hathaway
and has placed significant bets in Apple, American Express, Bank of America, and Coca-Cola, according to Benzinga.
ALSO READ:
$300 million bet? TikTok-connected startup with zero revenue and China links eyes massive stake in Donald Trump's memecoin
Leadership Transition at Berkshire Hathaway
In the latest shareholders' meeting of the company, Buffett announced that he would be stepping down as the CEO of Berkshire Hathaway. He also named the present vice chairman Greg Abel to become the CEO starting January 1, 2026, according to reports.
FAQs
How much of Buffett's wealth came after age 65?
Nearly 98% of Buffett's wealth was accumulated after he turned 65.
What investment strategy did Buffett use to grow his wealth?
Buffett relied on the power of compound interest to grow his wealth, as per Benzinga.
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