Walter Scott Jr & family
Overview
- Source of Wealth
- utilities, telecom
- Industry
- Energy
- Residence
- Organization
- Chairman at Level 3 Communications Inc.
- Education
- Colorado State University (Bachelor of Arts/Science)
- Children
- 6
Assets
- Berkshire Hathaway Inc. (Cl A)105 shares @ --BRK.A-US
- U.S. Bancorp1,540,000 shares @ --USB-US
- Valmont Industries Inc.138,000 shares @ --VMI-US
Biography
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.
About
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.