David L Sokol Net Worth is$200 Million
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Nickname: David L Sokol
Date of Birth: 1956
Place of Birth: Omaha
David Sokol Net Worth: David Sokol is an American businessman who has a net worth of $200 million. Born David L. Sokol in 1956, Omaha, Nebraska, he made the headlines as the Warren Buffet's disgraced ex-heir as he left the magnate's Berkshire Hathaway Inc. in 2011 amid accusations of violating insider-trading rules. Prior to his fall from grace, Sokol held the positions of Chairman, President and CEO at NetJets and Chairman at MidAmerican Energy Holdings Company. These being just two of the several main Berkshire Hathaway units in which the company holds a 100% and 89.8% stake accordingly. A young man that was dedicated to getting his salary above his age at the time of his graduation in 1978, he started his career as a structural engineer at HDR, Inc. It was in the early 1990?s that he started to work for Buffet's Berkshire Hathaway Inc. earning more and more recognitions with each achievement that he made. Most notably, David Sokol was the one who turned around Johns Manville, an insulated sinking company, as well as he did due diligence for Berkshire on BYD, a Chinese battery company in which Berkshire invested. Especially appreciated for his work at NetJets and MidAmerican Energy Holdings Company, Sokol is now receiving $1 million annually from the company in retirement payments. Even though he was regarded to be a leading candidate to take over from Mr. Buffett, Sokol had no other choice but to resign from Berkshire Hathaway on March 28, 2011 following charges for breaching insider-trading rules.
David L. Sokol (born 1956) was a Chairman, President and CEO of NetJets along with Chairman of MidAmerican Energy Holdings Company, of which Berkshire Hathaway holds a 100% and 89.8% stake respectively. He resigned March 28, 2011.


The youngest of five children, David Sokol was born in 1956 in Omaha, Nebraska. His father managed a grocery store in Omaha when he was born. He attended Catholic grade school and public high school. "My parents had been married for 25 years by the time I came along," says Sokol. "My oldest sibling is 23 years older than me, so there were times when it seemed like I had more than just two parents."
Sokol's father was focused on the positive side of life. It was his habit on weekends to go through the newspaper looking for articles that would inspire his family. "We were all expected to sit together for dinner on Sundays," says Sokol. "My father would ask us to read aloud the stories he had circled. They were always about a local businessman who had done well, or maybe about someone who had given money to help resolve a problem. He instilled in us a belief that we, too, could do the great things we read about in the paper. His parents came over from Poland and he was a 100 percent believer in America-that if you apply yourself in this country, you can do anything. I was raised with that philosophy, and I agree with my father."
Sokol describes his mother as traditional and loving. Even though their home was modest, she made it comfortable and welcoming. "She was the kind of mother who had cookies warm out of the oven when you came home from school," says Sokol. "She focused on our care and education." Sokol's parents would not be able to pay for their children's college education, but it was expected that each of them would go. "My father expected us to work our way through school, but he didn't think that was a bad thing. He believed you learned a lot from working."
When Sokol was 11, his mother was diagnosed with breast

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David L Sokol Latest News

Sokol Is Accused of Misleading Buffett on Trades

Berkshire Hathaway directors have accused David L. Sokol, once considered a possible successor to Warren E. Buffett, of misleading the company about his personal stake in a specialty chemicals manufacturer that Berkshire recently agreed to acquire.
Posted: April 27, 2011, 9:18 am

Football coach, baseball owner, doughnut and chocolate execs: Who's buying and selling homes

SOUTH FLORIDA: Former Warren Buffett protégé and private equity firm head David L. Sokol paid $19.9 million for a Fort Lauderdale mansion. The 13,564-square-foot home has seven bedrooms, including the guest house/staff quarters, eight bathrooms and three ...
Posted: November 15, 2017, 4:21 am

Full Dave Sokol resignation statement by Warren Buffett

Warren E. Buffett, CEO of Berkshire Hathaway, Announces the Resignation of David L. Sokol This press release will be unusual. First, I will write it almost as if it were a letter. Second, it will contain two sets of facts, both about Dave Sokol ...
Posted: March 30, 2011, 4:00 pm
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