According to the recent data shared by Creative Planning, Inc., the ‘Oracle of Omaha,’ Warren Buffett earned 98% of his current net worth after turning 65 years old.
What Happened: The 94-year-old veteran investor Buffett has a net worth of $160 billion according to Bloomberg’s Billionaire Index.
Peter Mallouk, the president and CEO of Creative Planning, shared data showcasing that the ace investor’s net worth stood at $3 billion nearly 34 years ago, when he was just 65.
His wealth has compounded by nearly 5,233% since then to $160 billion as of May 14. This shows that he earned 98% of his wealth after the age of 65.
Mallouk also quoted Buffett, highlighting that the growth in his wealth was possible through the power of compounding.
“My life has been a product of compound interest,” Buffett once said.
Why It Matters: Buffett holds his investments via the holding company, Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK), which is headquartered in Omaha, Nebraska.
Known to be one of the best portfolio managers of all time, Buffett, via Berkshire, holds major investments in Apple Inc. (NASDAQ:AAPL), American Express Co. (NYSE:AXP), Bank of America Corp. (NYSE:BAC), and Coca-Cola Co. (NYSE:KO).
BRK has returned 13.47% this year so far, while SPY is up 0.13%. This, as Berkshire is sitting on a cashpile worth $348 billion as of the first quarter of 2025.
Price Action: As of Tuesday, BRK closed -0.47% lower at $511.88 apiece. The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, ended on a positive note on Tuesday. The SPY was up 0.66% to $586.84, while the QQQ advanced 1.52% to $515.59, according to Benzinga Pro data.
On Wednesday, the futures of the S&P 500, Dow Jones, and Nasdaq 100 indices were trading slightly above the flatline.
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