7 billionaires who have Warren Buffett to thank for their fortunes
Taylor Nicole RogersSep 1, 2019, 18:57 IST
Philanthropist Warren Buffett (center) is joined onstage by 24 other philanthropist and influential business people featured on the Forbes list of 100 Greatest Business Minds during the Forbes Media Centennial Celebration at Pier 60 on September 19, 2017 in New York City.Daniel Zuchnik/WireImage
Warren Buffett isn't the only person to benefit from Berkshire Hathaway's success.
At least seven other individuals and families have become billionaires thanks to their stakes in the Omaha-based conglomerate, Bloomberg reported in May 2019. And not all of the Berkshire Hathaway billionaires were early investors: One was an early employee, while several others sold their businesses to Berkshire Hathaway for stock instead of cash.
No Berkshire investor is wealthier than Bill Gates. Gates personally owns some shares of Berkshire Hathaway, in addition to the shares owned by the Bill & Melinda Gates Foundation, according to CNN. Of course, the majority of Gates' $103.5 billion fortune comes from his stake in Microsoft, Forbes reports. Gates is wealthier than Buffett himself, who currently has an estimated net worth of $79.7 billion, according to Forbes.
Keep reading to learn more about the Berkshire Hathaway billionaires.