Skip to main content

Susan Buffett reveals the surprising way she found out that her dad, Warren Buffett, was rich

Susan Buffett didn't find out her father, billionaire Warren Buffett, was rich until her early 20s, and she definitely didn't hear it from her parents.

"I didn’t really have any idea about any money until I was long out of high school and out of Omaha," Susan recently told Business Insider.

"There was an article in the Wall Street Journal at one point when I was probably about 22 or 23, I'd say. That was the first time I was like, 'Oh, there's more going on than I knew about!'"

The founder of the Sherwood Foundation, a children's charity, Susan takes part in a portrait of her father, HBO's "Becoming Warren Buffett," which premiered Monday.

In the documentary, Susan provides intimate details about her parents, growing up in the family's home in Omaha, Nebraska, and what drove her father to give away a large chunk of his fortune to charitable causes.

As for finding out that her father was rich from a news article, she attributes it to her modest upbringing.

"When we were growing up he didn’t have a lot of money and he wasn’t famous," she said. "So we didn’t see anything but a regular, normal situation in our house. He went to the office every day, he came home, he was at the dinner table. He did go upstairs and read the rest of the evening, but he was home. And we lived pretty much like everybody else. Nothing was too different. Really, we lived in what I guess I would describe as an upper-middle-class neighborhood. He still lives in the same house today."

There were certainly signs that her father was doing well, such as when her mother started a scholarship program when Susan was in high school.

"It was only a couple kids a year, but she started as soon as there was some money there to give away," she said.

After thinking on it more, Susan said there was one visit that gave her an early clue that her father was doing pretty well. Adam Smith, who wrote "Supermoney," a pivotal book about the financial industry, came knocking.

"I may have been a senior in high school then," Susan said. "And I remember Adam Smith came to visit our house in Omaha. And I remember when I heard the name of the book was 'Supermoney,' I was like, 'OK, that’s something.' [Laughs] But I still don’t really think we talked about it."

Comments

Popular posts from this blog

Bitcoin Laundering” Study: Where Do Criminals Turn to Mask Illicit Cryptoassets?

A recent study ( PDF ) from the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance and blockchain analytics company Elliptic explored the “bitcoin laundering” ecosystem. In the study, Elliptic’s forensic analysis of the Bitcoin blockchain and other publicly available data were used to track the flows of illicit funds from 2013 to 2016. “This study aimed to identify where individuals turn in order to cash out or transmit bitcoins (BTC) acquired from illicit entities and to discover typologies for criminals ‘laundering’ bitcoins,” the report says. The study describes bitcoin laundering as a special type of money laundering that exists within the Bitcoin network where a user moves some bitcoins to a new address in a manner that obscures the original source of funds. The conversion of bitcoins into fiat currency on exchanges that lack adequate anti-money laundering (AML) and know-your-customer (KYC) policies can also fall under the category ...

Bitcoin Brokers Reviews for Learning Trustworthy Brokerage Firm

When you are trading the cryptocurrency it is necessary to have accessibility to a relied on brokerage company. Though there are lots of brokerage companies available that can be counted upon, figuring out the one that can additionally ensure you attractive returns are essential. Undeniably with Bitcoin brokers’ testimonials you could do it fairly precisely. Bitcoinbrokers are services provider that allow you to buy Bitcoin anonymously for buyers, and also market Bitcoin at a premium. For customers of Bitcoin you will be provided a financial institution account with name, account number and directing information. You transfer loan right into the account to obtain Bitcoin in return. This is lot even more easier now than a pair of years ago. It goes without saying delving into Bitcoin profession is not as very easy as it seems. You require to do research, have an enough understanding of how the profession goes. Additionally, you should understand the sort of people that you are g...

How to cancel an unconfirmed Bitcoin transaction

Crypto Beginners Guide / Bitcoin Beginners Guide   When sending  Bitcoin , it can be easy to make a small mistake causing you to want to cancel your Bitcoin transaction. Oftentimes, funds can become stuck if the miner fee you enter isn’t high enough for any miner to confirm your transaction. Unfortunately, the steps to cancel a Bitcoin transaction are a little more complicated than just pressing an “Undo” button. In this brief guide, I’ll walk you through the process to cancel an unconfirmed  Bitcoin  transaction. Has your transaction been confirmed? The first step in canceling your Bitcoin transaction is to  check whether or not it has any confirmations . When you made your transaction, you should have gotten a  transaction ID  that looks something like this: 240615b6ab59a5adb19ba52cb969aeb16ff82d2082b7a72cb2912c5d38c297cf Take your transaction ID and enter it into a block explorer.  Blockchain.info  is a great option. On the ...