Warren Buffet
So recently, Mukesh Ambani overtakes Warren Buffet becoming the 7th Richest in the world.
Mukesh Ambani’s net worth is $70.1 Billion.
Warren Buffet’s net worth is $67.8 Billion.
But do you know how both of them made themselves this fortune?
Let’s talk about Mr. Ambani first,
Reliance was listed on the exchanges on 1 April 2005. From 2009 to 2017, its share gave returns of less than 10% to the investors. But from 17 February 2017 to 10 July 2020, it gave the whooping returns of 251%. So if you had invested 1 lac in Reliance in 2017, your 1 lac would have been now 3.5 Lacs. With a debt of 1.5 lac crore to s debt-free company, He has now become unstoppable in the industrial business.
Let’s talk about Mr. Buffet now,
We all know Mr.Buffet because of his most significant investments. But do you know his success ratio was 32% only? Mr.Buffet made billions in this 32% of investments, the other 68% ended up in a loss, but that doesn’t matter because the 32% profit was much higher than the loss.
Warren Buffett generates $3.4 Billion in dividend income annually from these five stocks.
Wells Fargo: $836 m
Apple: $768.7 m
Bank of America: $684 m
Coca-Cola: $640 m
Kraft Heinz: $521 m
He compounded his wealth @ of 22% a year. That’s the power of compounding!