Today, Warren Buffett is number three on Bloomberg's list of the world's wealthiest people with a fortune of $83.4 billion.
The story of how Buffett got to where he is today is fascinating and is one of the best lessons in the power of compounding.
At the age of 21, Buffett was worth just $20,000, but by the age of 30, his fortune had hit $1 million. By 39 he was worth $25 million, and ten years later his wealth had grown to several hundred million.
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What most people don't realize is that most of Buffett's fortune was created after 50th birthday. At 52 he was worth $620 million...


