How Much Did Warren Buffett Earn In His First Job Of Delivering Newspapers?

At the age of just six, Warren Buffett made his first few pennies by selling gum sticks around the neighborhood. Fast forward to today, the 93-year-old billionaire is among the most successful investors of all time, and has a net worth of more than $130 billion.

Delivering Newspapers At The Age Of 13

warren buffett first job newspaper delivery/ap

Warren Buffett took on the task of delivering copies of The Washing Post in Washington, D.C., at the age of 13. He even made the task into a competition with himself. Buffett got up at 4:30 a.m., even on Christmas holidays, to deliver newspaper copies because his father was a congressman for a Nebraska district. He also set a goal for himself to find a faster way to service each of his five buildings.

Next, he devised methods to monitor the expiration dates of magazine subscriptions at the homes along his route and made side sales of calendars and new subscriptions.?

Amount Of Money He Earned From The Side Hustle

warren buffett/fortune

In 1940s, Buffett reportedly earned $175 a month (approx Rs 14,000 as per current US dollar-Indian Rupee conversion rate), and had three paper routes by the time he was 14. Buffett had earned $592.50 in 1944 and even filed his first federal income tax return in that year. At the time, the IRS required all Americans, including minors, to file a return if their income exceeded $500.?

Buffett had earned $2,000 delivering papers by the time he was 15. According to a CNBC report, he put $1,200 of that into a 40-acre farm where he and a Nebraskan farmer had a profit-sharing arrangement.?

Also Read:?Warren Buffett?Heaps Praise On Berkshire's Indian-Origin Employee Ajit Jain

Lesson Warren Buffett Learnt From Delivering Newspapers

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In the 1940s, he learned the value of getting up early and working hard to progress by delivering newspapers door-to-door. "I learned, frankly, that if you did a good job, you were gonna move up. The very fact that I did a good job in Spring Valley got me the Westchester routes later on," Buffett had told economics reporter Barry Wood in a 2015 interview, as per a?CNBC report. "I was fortunate in that I was here during probably the most interesting period you could probably be here in Washington, during World War II. I delivered the papers when Roosevelt died and when the atomic bomb dropped."

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