- September 27, 2021
- Posted by: Stratford Team
- Category: Business
Walter Scott Jr.
(AP Photo/Nati Harnik)
Walter Scott Jr., a lifelong friend and a business partner of Warren Buffett, died on Saturday at the age of 90.
Scott had a net worth of $4.2 billion, Forbes estimates, thanks largely to a 6% stake in Berkshire Hathaway Energy, the $21 billion (2020 revenues) subsidiary of Berkshire Hathaway. Scott sat on both companies’ boards.
“It is with great sadness that we recognize the passing of our founder,” a foundation set up by the Omaha billionaire said in a statement. “We are blessed to have known and learned from Walter as we continue his philanthropic legacy.”
Scott was born in 1931, the son of an engineer at the Omaha-based construction giant Kiewit Corporation. He vied for high school sweethearts with classmate Warren Buffett and spent his summers working as a water boy on Kiewit job sites before joining the firm after getting an engineering degree…