How rich is Warren Buffett’s wife

Who is Astrid Menks?

Astrid Menks was born in 1946 in Latvia. She is a 74-year-old former cocktail waitress, but is probably best recognized as Warren Buffett’s wife. He is a business magnate, investor and philanthropist, one of the five richest people in the world at the start of 2020.

How rich is she right now? Astrid Menks net worth

As the wife of a billionaire, Astrid Menks is also a billionaire. Her husband, Warren Buffett, is considered one of the most successful investors of all time, as well as one of the most trusted financial advisors in the world. According to the magazine ‘Forbes’Warren has a total net worth of approximately $75 billion as of early 2020.

Live for fame

Astrid Menks spent her early years in Latvia. There she was raised by her parents, but there is no information about their names and occupations. She holds both Latvian and American nationality and belongs to White Caucasian ethnic group. At some point in her life, Astrid decided to move to the United States to further her career. She settled in Omaha, Nebraska, and began working as a cocktail waitress at a local pub.

Unusual relationship with Warren Buffett

Astrid Menks and Warren Buffett first met in the cocktail bar where she worked in the 1970s and where Warren’s first wife, Susan Thompson Buffett, worked as a comedian.

Susan moved to San Francisco in 1977 to pursue her singing career. she introduced Warren to Astrid and other girls who worked there to take care of him. So Warren continued to frequent the bar and soon became romantically involved with Astrid. After a year of dating, they moved in together. Susan knew about them and was at peace with their relationship; they even appeared together at several events holding hands. Obviously their relationship was quite complex as the two women shared Warren. He never divorced Susan and remained with her until her death in 2004. Two years after Susan’s passing, Warren married Astrid.

The ceremony took place at his daughter’s home at the age of 76^e birthday on August 30, 2006. Astrid adopted his children with Susan, as needed – they are named Peter, Howard, and Susan Alice Buffett.

Who is her husband? Warren Buffett short wiki/bio

Warren Edward Buffett was born on August 30, 1930, under the constellation Virgo, in Omaha, Nebraska USA, where he and his two sisters were raised by their father, Congressman Howard Buffett, and mother Leila Buffett. His father also owned a brokerage firm, so Warren became interested in investing and the stock market at a very young age.

At the age of ten, he even visited the New York Stock Exchange. and soon bought his first shares of Cities Service Preferred at age 11.

Educational background

Warren Buffett attended Rose Hill Elementary School and then Alice Deal Junior High School. After graduating from Woodrow Wilson High School in 1947, he wanted to pursue a career in business, as he had already made about $5,000 delivering newspapers. However, under pressure from his father, Warren enrolled at the Wharton School of the University of Pennsylvania.

Two years later, he transferred to the University of Nebraska, graduating at age 19 with a Bachelor of Science degree in Business Administration. He then continued his education at Columbia Business School of Columbia University, where he received his Master of Science degree in economics in 1951. After that, Warren attended the New York Institute of Finance.

Career start

Warren Buffett began pursuing his career at his father’s firm, Buffett-Falk & Co., where he worked as an investment salesman between 1951 and 1954. At the same time, he taught the investment principles course at the University of Nebraska-Omaha.

He was soon spotted by businessman Benjamin Graham and began working in his company, Graham-Newman Corp., as a securities analyst until 1956, when the company shut down when Benjamin retired.

Buffett partnership

At the time, Warren had more than $174,000 in personal savings (about $1.47 million today), so he formed his own partnership called Buffett Partnership Ltd. of the decade, Warren operated seven. Over the next five years, his partnerships made more than 250% profit, greatly increasing his personal capital, so by 1962 Warren was a millionaire.

Berkshire Hathaway

After that, Warren Buffett started investing in the textile manufacturing company, Berkshire Hathaway Inc., bought shares from the owner Seabury Stanton for $7.60 a share and over the next year his assets grew exponentially so that he eventually took over the company, fired Stanton and appointed Ken Chace to run the company. In the 1960s, Warren focused the company on the insurance industry. In 1970, he took over as CEO and chairman, and by the end of the decade the company had shares worth $1,310. In 1985, the company was sold, after which Warren became a billionaire in 1990, when the company sold his Class A stock at $7,175 each, but he still owns approximately 300,000 Class A shares of the company.

Other business ventures

Warren Buffett has also invested in a number of other companies. In 1987, he became the largest shareholder of Salomon Inc. and took over. One of his best investments came the following year when he began buying stock in the Coca-Cola Company. He has also invested in the Washington Post Company, the Sanborn Map Company, General Electric Company, and the Burlington Northern Santa Fe Corporation railroad company, among others. He is also the author of “The Essays Of Warren Buffett: Lessons For Corporate America” (2001).

Charity work

Warren Buffett is also known as a philanthropist – he has stated that he will donate 83% of his fortune to the Bill & Melinda Gates Foundation; he also runs his own charity Buffett Foundation. In December 2010 he co-created “The bestowal promise”, along with Bill Gates and Mark Zuckerberg, who invited wealthy people to donate at least half of their fortune to charity, as they had done.