How Warren Buffett Transformed a Neighbor’s $67,000 Investment Into a Multimillion Dollar Fortune

In 1965, Dorothy and Myer Kripke, a middle-aged couple from Omaha, Nebraska, reportedly faced a common financial dilemma: how to plan for retirement. They had saved up $67,000, equivalent to about $650,000 today. But they were uncertain about how to grow and protect their nest egg, according to Benzinga. Image: screenshot, CNBC While Buffett has not confirmed it, according to the story, which recently resurfaced on Threads, Dorothy suggested to her husband that it might be a good idea invest their savings with their friend and neighbor Warren Buffett, who at the time was a young, up-and-coming money manager. Buffett agreed to manage their funds. A Wise Investment His investment strategies led the Kripkes’ $67,000 to into millions. By the mid-1990s, their investment was valued at around $25 million, and by 2014, it had reached approximately $180 million. Today, the couples’ shares would be worth close to $400 million. Buffett, 94, faired very, very well himself. Now known as the “Oracle of Omaha,” he has become a legendary investor and CEO of Berkshire Hathaway with a net worth of approximately $138 billion, according to Forbes. He is the ninth-richest person in the world. Berkshire Hathaway Inc. was originally a textile...