And he takes a 0k salary annualy.also, why is his net worth billion wen he controls a corporation worth at least 5x times that
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And he takes a 0k salary annualy.also, why is his net worth billion wen he controls a corporation worth at least 5x times that
Warren Buffet is the CEO of BH and its largest single shareholder, he does not control it (which would imply he has a >50% take). As CEO, he gets paid a salary.Companies need to raise capital when they are just getting started or when they are expanding. They often do this by issuing shares. That is why the people who started these companies get rich, but do not own the entire thing.
Do you know/realize what your question sounds like? You should have been more confused stating it than I was reading it but, unfortunately, that wasn't the case. Anyway, PART of the reason Buffet is LOADED to the GILLS is that he has that uncanny ability to express himself in the English language! Try it, you'll like it.
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