Can you become a billionaire through the stock market?

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#6
The Families That Warren Buffett Made Super Rich

Here's how those three most fortunate Buffett-beholden families attained shares in Berkshire Hathaway at the right time:

[b]Alfond Family, No. 64[/b]
Harold Alfond traded his Dexter Shoe Company to Warren Buffett in 1993 for what was then about $300 million worth of stock. Alfond never went to college, but he died a billionaire in 2007. His family is now worth about $4.2 billion, due largely to the soaring value of Berkshire Hathaway stock.
[i]How many shares:[/i] After the Dexter Shoe acquisition, the family became the second-largest Berkshire Hathaway shareholder at the time with about 25,000 shares.
[i]Return on Investment:[/i] 1,275%
[b]Booth Family, No. 81[/b]
Franklin Otis Booth Jr. met Warren Buffett in 1963 and poured $1 million of profits from a small Los Angeles real estate deal into the now-revered investment firm of Berkshire Hathaway. His shares topped $2 billion in value when he died in 2008. His roughly 30 descendants are now worth about $2.9 billion combined.
[i]How many shares:[/i] When Franklin died, his six children divvied up about 15,000 shares. About 1,500 shares were donated to the charitable Otis Booth Foundation.
[i]Return on Investment: [/i]277,700%
[b]Ueltschi Family, No. 81[/b]
Warren Buffett snatched up aviation training company FlightSafety International in 1996 in exchange for stock worth about $1.5 billion at the time. Founder Albert Ueltschi, a former Pan Am pilot, died in 2012, but the family held onto the Berkshire Hathaway shares, now worth an estimated $2.9 billion.
[i]How many shares:[/i] Family has kept an estimated 16,000 shares.
Return on Investment: 93%
https://adragonhoard.blogspot.com

"A fool is someone who knows the price of everything and the value of nothing"
Oscar Wilde
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RE: Can you become a billionaire through the stock market? - by EnSabahNur - 08-07-2023, 08:51 AM

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