Buffett first became a millionaire in 1962 when his share of partnerships went over the million-dollar-mark. By 1990, Buffett would reach billionaire status.
Buffett worked hard, invested smartly, and continued to reinvest earnings into more and more profitable business opportunities that would continue to yield positive results.
Buffett was – and still is – considered an investing genius.
Buffett’s Net Worth
According to Wikipedia, Buffett was ranked as the second richest man in the world in 2009:
In 2008 he was ranked by Forbes as the richest person in the world with an estimated net worth of approximately US$62 billion. In 2009, after donating billions of dollars to charity, Buffett was ranked as the second richest man in the United States with a net worth of $37 billion with only Bill Gates ranked higher than Buffett. His net worth is up to $47 billion in the past 12 months.
Can you imagine being worth $47 billion dollars? Some of us would be elated with $4,700!
One Day You’ll Have the Same Net Worth
Yes, you read that right. You will have the same net worth as Warren Buffett some day.
It won’t be because of a get-rich-quick scheme, or by winning the lottery. And it won’t be because you invented some really cool piece of technology that takes the world by storm.
So, what would help you equal Warren Buffett’s net worth?
One minute after Warren Buffett passes away, his net worth will be $0!
Sure, his estate will be worth a hefty amount, but his own personal net worth will not. He’ll leave this earth the same way he entered it – with nothing!
We’ve heard there are two guarantees in life – death and taxes. We are all terminal.
We will all face death one day. And when we do, all slates are even. None of us can take a single item with us into the life after.
What Difference Should This Make in Our Lives?
This should have a profound impact on us. Think about it – you will one day enter eternity just like one of the richest men in this world – bringing nothing with you.
All the money, business success, and fame will pass away at that time, leaving us with the same net worth as Warren Buffett.
So how should we live with this in mind?
- Store up treasure in heaven, not treasure on earth.
- Be generous and ready to share with those in need.
- Learn the lesson of Sam Walton.
- Live for the most important thing – glorifying God with our lives.
- True wealth is longer lasting than earthly wealth.
What Are Your Thoughts?
What else would you add to the list of differences this should make in our lives?