Happy Birthday, Warren Buffett! He’s 95 And One Of 36 American Billionaires Over 90

Key Concepts:

• Warren Buffett's longevity and career.
• American billionaires over 90 and their continued work.
• Factors contributing to the longer lifespans of billionaires.
• Retirement and succession planning among billionaires.

Warren Buffett's 60th and Likely Final Berkshire Hathaway Annual Meeting

• Warren Buffett, at 95, attended Berkshire Hathaway's annual meeting for the 60th time.
• He joked about his diet of McDonald's, Coke, and Dairy Queen (all Berkshire investments) contributing to his longevity.
• Buffett addressed market turmoil, stating that recent events were "nothing" in the grand scheme, referencing the Dow Jones's historical performance from 240 in 1930 to a low of 41.
• He advised against worrying about 15% stock drops, suggesting a different investment philosophy for those concerned.
• Buffett announced his retirement as Berkshire's CEO at the end of the year, surprising even his successor, Greg Abel.

The Phenomenon of Non-agenarian and Octogenarian Billionaires

• The video highlights the trend of billionaires working well past the average retirement age.
• Buffett's continued work despite his wealth (having given away over $64 billion) is presented as an example.
• The video mentions that Buffett has been on the Forbes 400 list of richest Americans every year since the first list in 1982 and is still the 10th richest person on the planet.

Examples of Billionaires Working Past 90

• George Joseph: The oldest American billionaire at 103, still working as chairman of Mercury General, the insurance company he founded. He owns 35% of the publicly traded company.
• Rupert Murdoch: At 94, stepped down as executive chairman of News Corp. almost 2 years ago but maintains a significant presence. News Corp has $8.5 billion in revenue.

Statistics on Billionaires' Age and Life Expectancy

• There are a record 36 American billionaires aged 90 and older.
• Another 150 are in their 80s, including Les Wexner and Michael Bloomberg.
• The average life expectancy in the US is 78.4 years (CDC data), and 75.8 for men.
• 3.8% of the US population is 80 or older (2020 census), compared to 20% of American billionaires.

Reasons for Billionaires' Longevity

• Access to better healthcare, personal trainers, and healthier food.
• The example of David Murdoch, the majority shareholder of Dole, who advocated for plant-based diets and aimed to live to 125. He ate fruits, vegetables, and fish, including banana and orange peels. He passed away at 102.

Conclusion

The video explores the phenomenon of billionaires, particularly in America, who continue to work and live well beyond average life expectancies. It highlights examples like Warren Buffett, George Joseph, and Rupert Murdoch, and suggests that factors like access to superior healthcare and lifestyle choices may contribute to their longevity. The video also references a Forbes.com article by Martina Dlosa for a full list of America's 10 oldest billionaires.