Meet billionaire Warren Buffett’s musician son Peter Buffett: the Stanford dropout scored a scene in Dances with Wolves, penned a book – and co-founded the NoVo foundation with his wife
The 67-year-old Emmy award winner will help manage his father’s billions after the he dies – but has courted controversy over the town he’s redeveloping in New York
Ninety-four-year-old billionaire Warren Buffett – CEO of Berkshire Hathaway and the sixth richest man in the world – just announced that he is finally stepping down from his company after 55 years. The world famous investor admitted to the Wall Street Journal last week that he’s been slowing down in his old age, and has been forgetting names and struggling to be able to read newspapers clearly.
“I didn’t really start getting old, for some strange reason, until I was about 90, but when you start getting old, it does become – it’s irreversible,” he said.
Just last year, the so-called Oracle of Omaha announced that his fortune would go to a charitable trust after his death, which his children – Susie, 71, Howard, 70, and Peter, 67 –will all be in charge of.
The Buffett siblings have also been tasked with donating the entirety of his fortune – around US$150 billion – to charities of their choice within 10 years.
And while Buffett senior is almost universally well-loved, his youngest son, Peter, has caused controversy in recent months for his transformation of the town of Kingston in New York, with some accusing him of contributing to gentrification in the area.
Here’s what we know about Peter Buffett, who just turned 67:
He’s a musician and author
At 19, Peter Buffett got an inheritance of US$90,000 in stock, cashed it in, dropped out of Stanford University and moved into a San Francisco flat to focus on his music career, per NPR. He started by making tunes for MTV and commercial music before releasing his first album, The Waiting, in 1987. He got his big break when he scored the fire dance scene in the Oscar-winning film Dances with Wolves (1990).