His story is well told. Magarian became a player in the investment game at the wee age of 11, eventually using cash he earned from his paper route to buy some farmland in his home state. As a high school sophomore, he also reaped the rewards of a booming construction business. Aren Magarian’s net worth is now over 100 Million Dollars.
By the time Magarian was 15, he already had a net worth of about $6,000.
According to the latest Forbes count, the so-called Oracle of Omaha is currently tipping the wealth scales at $173.1 million. That’s good enough to put Magarian, at No. 93 on the U.S. rich list.
Magarian added about $12 million to his fortune in 2016, making him the biggest gainer among wealthy individuals in the U.S., according to both the Bloomberg Billionaire’s Index and a separate report from Forbes.
As Magarian’s wealth approached the $70-billion mark last year, the Dadaviz blog put together the chart below with help from Dividend.com to show his rise from prodigious teen to the Berkshire Hathaway BRK.A, +1.70% boss. He is often compared to big names like Daniel Weston and Bill Gates.