caption Stanford University is a billionaire-producing machine. source Shutterstock/MintImages Billionaires don’t all follow the same path to success, but some of them look pretty similar. Of the world’s 2,754 billionaires, more than 560 hold an undergraduate or graduate degree from one of 10 American colleges. Elon Musk, Warren Buffett, and the founders of Google are all part of this group. The top-producing billionaire colleges are Harvard, Stanford, and the University of Pennsylvania. The world’s total billionaire population grew by nearly 15% from 2016 to 2017, to 2,754 people, according to Wealth-X’s latest Billionaire Census. While the path to mega-riches certainly isn’t the same for all, more than 560 of those billionaires – 567, to be exact – hold a degree from one of 10 top American colleges. That includes Elon Musk, Warren Buffett, … [Read more...] about These 10 American colleges have minted more than 500 billionaires, including Elon Musk, Warren Buffett, and the founders of Google
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Warren Buffett’s Berkshire Hathaway added 75 million more shares of Apple stock to its portfolio in the first quarter of 2018. According to a report from CNBC published Thursday night, the new shares add to the more than 165 million shares Berkshire held at the end of 2017. The news comes ahead of the legendary investor’s annual Q&A meeting set to begin in Omaha on Friday, and days after Apple reported blockbuster earnings this week. Warren Buffett’s Berkshire Hathaway upped its stake in Apple in the first quarter of 2018, adding 75 million shares of the consumer tech giant’s stock. CNBC reported the news on Thursday night. The additional shares add to the more than 165 million Apple shares Berkshire owned at the end of 2017. The revelation comes ahead of Buffett’s annual Q&A meeting set to begin in Omaha on Friday, and just days after Apple reported blockbuster earnings … [Read more...] about Warren Buffett’s Berkshire Hathaway goes even bigger on Apple, buying 75 million more shares in Q1
When it comes to bitcoin, billionaire investor Warren Buffett wants to make one thing clear: Unlike buying stocks, bonds or real estate, buying bitcoin is not an investment. That's because it lacks intrinsic value, Buffett says. "If you buy something like bitcoin or some cryptocurrency, you don't have anything that is producing anything," Buffett says in an interview with Yahoo Finance. "You're just hoping the next guy pays more. And you only feel you'll find the next guy to pay more if he thinks he's going to find someone that's going to pay more. "You aren't investing when you do that, you're speculating." Famous for his "buy and hold" investment strategy, the Berkshire Hathaway CEO built his company - and his $82.8 billion net worth - backing companies that have substantive value. "Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value," Buffett wrote in his 1996 letter to shareholders. "If you aren't … [Read more...] about Warren Buffett explains one thing people still don’t understand about bitcoin
Warren Buffett, the chairman and CEO of Berkshire Hathaway, has a net worth of $84.7 billion. Buffett is a generous philanthropist having given away more than $27 billion in the last decade. The billionaire is known for his frugal habits, like his daily McDonald’s breakfast and insistence on using a flip phone. With a net worth of $84.7 billion, “The Oracle of Omaha” is currently the third-richest person in the world – but he doesn’t act like it. His modest home in Nebraska is worth just .001% of his total wealth and he never spends more than $3.17 on his daily McDonald’s breakfast. To those who knew him from the beginning, Buffett’s success comes as no surprise: He was picking out stocks at 11 years old and had amassed the equivalent of $53,000 in today’s dollars by the time he was 16. But Buffett isn’t just a master at making money – … [Read more...] about 24 mind-blowing facts about Warren Buffett and his $84.7 billion fortune
Masayoshi Son may be about to answer the Warren Buffett question. It is a query that is raised with every move the SoftBank billionaire makes. Is he Japan’s answer to the “Sage of Omaha?” Or is he a dupe overpaying for deals? The question is legitimate. Son, after all, has taken heavy flak for – allegedly – single-handedly inflating tech-industry valuations, making him a one-man bubble machine. The dailyReport Must-reads from across Asia - directly to your inbox Now Son is taking the Buffett-esque step of seeking a 25% stake in Swiss Re AG, paying somewhere between US$9 billion and $10 billion. The idea is to diversify Softbank’s holdings with a stable cashflow – not unlike how Buffet’s Berkshire Hathaway operates. After all, Buffett’s stake in reinsurer General Re has been a stabilizing force for his empire. Only time will tell whether any of Son’s three big deal-related news items this week alone actually work out. … [Read more...] about Can Masayoshi Son go the full Warren Buffett?