Howard Buffett Net Worth and Biography
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What is a Net Worth – Howard Buffett Net Worth and Biography

Howard Buffett Net Worth

Howard Buffett, the middle child of billionaire business magnate Warren Buffett, is known for his roles as a businessman, philanthropist, author, and former politician. With a net worth of $400 million, he has served in executive positions at prominent corporations like the Archer-Daniels-Midland Company, the GSI Group, ConAgra Foods, and the Coca-Cola Company. Additionally, Howard Buffett is the CEO and chairman of the Howard G. Buffett Foundation, where he actively supports a range of humanitarian and environmental initiatives.

Early Life

Howard Buffett, born on December 16, 1954, in Omaha, Nebraska, is the middle child of activist Susan Thompson and billionaire business magnate Warren Buffett. He has two siblings, Susan and Peter, and was named after his grandfather Howard.

Before entering the business world, Buffett worked as a farmer in Tekamah, Nebraska, in the late 1970s. During this time, his father purchased a property for $760,000 and charged him rent to live there.

Personal Life

Buffett married his first wife, Marcia Duncan, in 1977. Later, in 1983, he married Devon Morse, with whom he has a son named Howard. Howard teaches at Columbia University’s School of International and Public Affairs and has previously worked in the White House under Barack Obama.

Buffett resides in Decatur, Illinois, and manages a 1,500-acre family farm in Pana, Illinois. Additionally, he oversees three research farms located in Arizona and South Africa.

Career

Business Career

Buffett has held various executive roles at several major corporations, particularly those in the agriculture sector. From 1991 to 1995, he served as a director at the Archer-Daniels-Midland Company, a multinational food processing and commodities trading corporation based in Chicago, Illinois. During this period, he also held the positions of vice president and assistant to the chairman. In 1991, he joined Berkshire Hathaway as a director and became the president of Buffett Farms. Additionally, in the 1990s, Buffett became a director at Coca-Cola Enterprises, the world’s largest Coca-Cola bottler, where he remained until 2004. He later became a director at the Coca-Cola Company in 2010.

Among his other executive roles, Buffett was the chairman of the board of directors at the GSI Group from 1995 to 2001. He also served as a director at Lindsay Corporation from 1995 to early 2010 and briefly as its chairman from 2002 to 2003. Additionally, Buffett was a director at ConAgra Foods from 2002 to 2006.

Political Career

Apart from his business pursuits, Buffett has been active in state politics as a Republican. He held the position of county commissioner in Douglas County, Nebraska, from 1989 to 1992. During this period, he also served as the chairman of the Nebraska Ethanol Authority and Development Board.

In 2017, Buffett assumed the role of sheriff in Macon County, Illinois, following the resignation of former sheriff Thomas Schneider. He later pursued the Republican nomination in 2021 but halted his campaign due to disagreements regarding changes in state legislation affecting the sheriff’s position.

Philanthropy

Buffett is deeply engaged in philanthropic work, primarily through his role as CEO and chairman of the Howard G. Buffett Foundation. This foundation actively supports a wide range of humanitarian causes, focusing on areas like agriculture, environmental conservation, and nutrition. Much of its funding is directed towards initiatives in Africa and Central America.

In 2007, the HGBF initiated the Global Water Initiative, aiming to provide clean water to disadvantaged communities. Subsequently, it partnered with the Nature Conservation Trust and South African National Parks on a three-year program to combat rhino poaching in South Africa. The foundation also contributed $200 million to the development of TibĂș, Colombia, an area known for its significant coca crop.

Beyond these efforts, Buffett established the International Cheetah Conservation Foundation and served as a founding director of the Cougar Fund. He has been actively involved with organizations such as the National Geographic Council of Advisors, the Nature Conservancy, Ecotrust, and the Africa Foundation. In 2010, Buffett joined the Eastern Congo Initiative, founded by Ben Affleck, and in the following year, he collaborated with the Bridgeway Foundation on philanthropic initiatives.

Author

Buffett has authored several books covering topics ranging from ecological conservation to the human experience. In 2001, he published “On the Edge: Balancing Earth’s Resources,” followed by “Tapestry of Life” in 2002. Collaborating with Ann van Dyk, Buffett co-wrote “Spots Before Your Eyes,” focusing on cheetah conservation. His other notable works include “Threatened Kingdom: The Story of the Mountain Gorilla,” “Fragile: The Human Condition,” and “Our 50-State Border Crisis: How the Mexican Border Fuels the Drug Epidemic Across America.” Additionally, he co-authored the New York Times bestseller “Forty Chances: Finding Hope in a Hungry World” with his son, Howard.

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