Who is Astrid Menks?
Astrid Menks was born in 1946 in Latvia. She is a 74-year-old former cocktail waitress, but probably best recognized for being the wife of Warren Buffett. He is a business magnate, investor and philanthropist, one of the five richest people in the world as of early 2020.
How rich is she, as of now? Astrid Menks Net Worth
Being the wife of a billionaire, Astrid Menks is a billionaire as well. Her husband, Warren Buffett, is considered as one of the most successful investors of all time, as well as one of the most trusted financial advisors in the world. According to the magazine ‘Forbes’, Warren has a total wealth of approximately $75 billion, as of early 2020.
Life before Fame
Astrid Menks spent her early years in Latvia. There, she was raised by her parents, however, there is no information about their names and professions. She has both Latvian and American nationality, and belongs to the White Caucasian ethnic group. At one point of her life, Astrid decided to move to the United States in order to pursue her career. She settled down in Omaha, Nebraska, and started working as a cocktail waitress at a local bar.
Unusual Relationship with Warren Buffett
Astrid Menks and Warren Buffett met for the first time at the cocktail bar where she worked in the 1970s, and where Warren’s first wife, Susan Thompson Buffett, worked as a cabaret singer.
Susan moved to San Francisco to pursue her singing career in 1977. Before that, she introduced Warren to Astrid and other girls who worked there, to take care of him. So, Warren continued to visit the bar and soon became romantically involved in a relationship with Astrid. After dating for a year, they started living together. Susan knew about them and was at peace with their relationship.; they even used to appear together at various events holding each other’s hands. Obviously, their relationship was quite complex since the two women shared Warren. He never divorced Susan, and remained with her until her death in 2004. Two years after Susan’s passing, Warren married Astrid.
The ceremony took place at the residence of his daughter on his 76th birthday on 30 August 2006. Astrid adopted his children with Susan, as far as was necessary – they are named Peter, Howard, and Susan Alice Buffett.
Who is Her Husband? Warren Buffett Short Wiki/Bio
Warren Edward Buffett was born on 30 August 1930, so under the zodiac sign of Virgo, in Omaha, Nebraska USA, where he was raised with his two sisters by their father, Congressman Howard Buffett, and mother Leila Buffett. His father was also the owner of a brokerage office, so Warren became interested in investing and the stock market at a very young age.
He even visited the New York Stock Exchange at the age of ten. and soon bought his first shares of Cities Service Preferred at the age of 11.
Warren Buffett went to Rose Hill Elementary School, and then attended Alice Deal Junior High School. Upon matriculation from Woodrow Wilson High School in 1947, he wanted to pursue a career in the business industry, since he had already made around $5,000 delivering newspapers. However, under the pressure of his father, Warren enrolled in the Wharton School of the University of Pennsylvania.
Two years later, he switched to the University of Nebraska, from which he graduated with a Bachelor of Science degree in Business Administration at the age of 19. He then continued his education at Columbia Business School of Columbia University, where he obtained his Master of Science degree in Economics in 1951. Thereafter, Warren went to the New York Institute of Finance.
Warren Buffett started pursuing his career at his father’s office, Buffett-Falk & Co., working as an investment salesman between 1951 and 1954. During the same time, he taught the course related to principles of investment at the University of Nebraska-Omaha.
He was soon spotted by businessman Benjamin Graham, and started working in his company, Graham-Newman Corp. in the position of a securities analyst until 1956, when the company closed as Benjamin retired.
At that time, Warren had over $174,000 of personal savings (approximately $1.47 million today), so he established his own partnership, called Buffett Partnership Ltd. As time passed, his company steadily expanded, so he began operating three partnerships, and by the end of the decade Warren was operating seven. Over the next five years his partnerships made over 250% in profit, which enormously increased his personal capital, so by 1962 Warren was a millionaire.
Thereafter, Warren Buffett started investing in the textile manufacturing company, Berkshire Hathaway Inc., buying shares from the owner Seabury Stanton for $7.60 per share and over the next year his assets increased exponentially so that he eventually took over the company, fired Stanton and named Ken Chace to run the company. During the 1960s, Warren turned the business to the sector of insurance. In 1970 he took over as the CEO and Chairman, and by the end of the decade, the company had shares valued at $1,310. In 1985 the company was sold, then Warren became a billionaire in 1990, when the company sold his Class A shares worth $7,175 each, but he still owns around 300,000 Class A shares of the company.
Other Business Ventures
Warren Buffett has also invested in a number of other companies. In 1987, he became the largest shareholder of Salomon Inc., and took it over. One of his best investments came in the following year, when he started buying shares of the Coca-Cola Company. He has also invested in the Washington Post Company, the Sanborn Map Company, General Electric Company, and the railroad company Burlington Northern Santa Fe Corporation, among many others. He is also the author of “The Essays Of Warren Buffett: Lessons For Corporate America” (2001).
Warren Buffett is also known as a philanthropist – he’s stated that he will donate 83% of his fortune to the Bill & Melinda Gates Foundation; he also runs his own charitable Buffett Foundation. In December 2010, he co-created “The Giving Pledge”, along with Bill Gates and Mark Zuckerberg, inviting rich people to donate at least half of their fortune to charities, as they had done.