Name
Walter Scott, Jr.
Walter Scott, Jr.
Omaha, Nebraska
Bachelor of Arts/Science, Colorado State University
United States
Level 3 Communications Inc.
7
utilities, telecom, Self Made
$4,500,000,000
424
3
#424 Billionaires 2019
#153 Forbes 400 2018
Walter Scott Jr, lifelong friend of Warren Buffett, owes the bulk of his fortune to Berkshire Hathaway Energy, Buffett's massive utilities subsidiary.In 2000, Scott and Buffett partnered to buy utility MidAmerican Energy, later renamed Berkshire Hathaway Energy, for $2 billion.Scott still owns about 9% of Berkshire Hathaway Energy and serves on its board. He is also a director of Berkshire Hathaway.He began his career at construction giant Peter Kiewit in his native Omaha, Nebraska, rising to the rank of CEO in 1979.Scott pushed Kiewit into telecom, fiber optics and power plants before retiring from the company in 1998.
He and Buffett, who competed against each other for girls in high school, once owned minority stakes in the Omaha Storm Chasers minor league baseball team.In July 2016, one of the three University of Nebraska, Omaha campuses was renamed the Scott Campus in his honor.
88
6
Add a review