Source: Fortune
Summary
Peter Buffett, son of billionaire Warren Buffett, didn’t find out his father was a billionaire until he was in his 20s, when he saw his name on a list of the richest Americans. Peter recalled the conversation with his mom, saying it didn’t have a huge impact on his outlook or perception of his family. Warren Buffett backed up his son, stating that by the time his children found out just how rich they were, they had already formed their own personalities and paths. Warren Buffett is currently worth about $142 billion, making him the 12th wealthiest person in the world.
Our Reading
The numbers tell one story.
Warren Buffett’s son Peter had to read it in the news to find out his dad was a billionaire. The “Oracle of Ohama” lives a frugal life, prioritizing helping others with his fortune. He eats McDonald’s, drives an old car, and still lives in his modest Nebraska home. His children, including Peter, will use their inheritance for their respective philanthropic organizations. The Buffett family’s wealth is a fascinating switch, but not a huge one.
The announcement sounds like a familiar tale of old money and humility.
Author: Evan Null
