Ted Weschler, known for his $5 million bid to dine with Warren Buffett at charity auctions in 2010 and 2011, is not just a philanthropist but also a savvy investor. His journey from participating in charity lunches to joining Buffett’s team at Berkshire Hathaway Inc. is as unconventional as it is inspiring.
Weschler, now a key figure in managing Berkshire Hathaway’s investment portfolio alongside Buffett, revealed the growth of his retirement fund from $70,000 to $264 million in less than 30 years. This extreme increase was disclosed in a Washington Post interview with columnist Allan Sloan in late 2021, following ProPublica’s June 2021 revelation of Weschler’s nest egg size based on federal tax returns.
Weschler’s journey began in 1984 when, as a 22-year-old junior financial analyst at W.R. Grace and Co. earning $22,000 a year, he opened an individual retirement account…
