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Warren Buffett in his 30s (1960s) and 40s (1970s). How he bounced back from losing half of his net worth in the mid 1970s.
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Warren Buffett’s 30s: Millionaire Status
When he reached 30 years of age, Buffett’s net worth was $1 million. In 1960, the average family income in the U.S. was $5,600 per year.
Warren Buffett’s Net Worth Over the Years
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By age 35, according to Dividend, Buffett’s partnerships had grown to $26 million. Buffett bought controlling stock in Berkshire Hathaway in 1965, according to CNN, and by 1968 his partnerships grew to $104 million. Going into his forties at age 39, Buffett’s net worth was listed at $25 million.
Warren Buffett’s 40s: Bounces Back From Financial Troubles
By age 43, Buffett’s personal net worth was at a high of $34 million. He used some of this capital to purchase See’s Candies for $25 million, reports The Motley Fool, and it became an investment that’s still profitable in 2015. But, the mid-1970s proved to be a rough period for Berkshire. By 1974, its decreasing share price lowered Buffett’s net worth to $19 million when he reached 44, reports Dividend.
Never one to let his savvy investment skills fall by the wayside, Buffett was able to recover financially. By the end of the decade, he had increased his net worth to $67 million at age 47. By the close of the 1970s, the median U.S. household income was $16,530.