Walter Scott, Jr.’s profile picture

Walter Scott, Jr.

Chairman, Level 3 Communications
Walter Scott, Jr.’s profile picture
Net worth 2018: $4.19 Billion
Industry: Technology
Residence: Omaha, Nebraska
Country: United States
BirthDay: 1931
Children: 6
Education: Bachelor of Arts / Science, Colorado State University
BIOGRAPHY

Walter Scott, Jr. was bornon 1931 in Omaha, Nebraska, United States, is Chairman, Level 3 Communications. Walter Scott, Jr. is #517 in List Billionaires People In The World. 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.

NET WORTH STATISTIC
2009

$1.95 Billion

2010

$1.9 Billion

2011

$1.75 Billion

2012

$2.1 Billion

2013

$2.2 Billion

2014

$2.9 Billion

2015

$3.8 Billion

2016

$3.8 Billion

2017

$3.8 Billion

2018

$4.19 Billion

TIMELINE
Walter Scott Jr. (born 1931) is an American civil engineer, philanthropist, and former CEO of Peter Kiewit Sons' Incorporated.He graduated from Colorado State University in 1953 with a bachelor's degree in civil engineering.Scott was first elected to the Peter Kiewit Sons' Incorporated board in 1964. In 1979, he was elected president. When Peter Kiewit died later that same year, Scott was selected to succeed him as chairman.He sits on the board of Berkshire Hathaway, and is a childhood friend of Warren Buffett. He is also on the board of directors of Burlington Resources, Commonwealth Telephone Enterprises, Level 3 Communications Inc., MidAmerican Energy Holdings, RCN Corporation, Valmont Industries, and Peter Kiewit Sons' Inc, and is the chairman of the Open World Leadership Center at the Library of Congress. He is a director of the Joslyn Art Museum, Nebraska Game and Parks Foundation, and the Omaha Development Foundation. Nationally, he is a director of the Horatio Alger Association and the National Forest Association.Scott is chairman of Level 3 Communications. The corporation is one of the firms created by the 1998 separation of the two operating divisions of Peter Kiewit Sons' Inc. Since the split-off, Scott now serves as chairman Emeritus of Peter Kiewit Sons', Inc.Scott consistently ranks among the wealthiest Americans. With his wife, Suzanne, he founded the public, non-profit Suzanne and Walter Scott Foundation which has funded the Scott Atrium & Education Center at University of Nebraska Medical Center, the Scott Technology Center in Omaha, and The Summit: Bechtel Family National Scout Reserve.In June 2010, when Warren Buffett appealed to him to join the Giving Pledge, he partially accepted, stating that after his death his remaining estate will go into his eponymous foundation.In 2011 he committed $10 million to the construction of Engineering II, a $70 million, 122,000 square feet (11,300 m) building which will house interdisciplinary energy, environment and health programs at Colorado State University.In November 2016 it was announced Scott would be donating $53.3 million to Colorado State University School of Engineering, CSU's largest ever gift, and that the College of Engineering at CSU will be renamed the Walter Scott, Jr. College of Engineering, becoming the only named college of engineering in the state of Colorado.In 1996 Scott acquired the original sales document of the Louisiana Purchase for his private collection.Scott was the 1997 recipient of the Horatio Alger Award. He became an Eagle Scout in 1946 and is a recipient of the Distinguished Eagle Scout Award.Scott's second wife Sue Scott had been a good friend of his first wife, Carolyn, who died in 1983, but did not know Walter. They married in 1987 at their place of worship, Countryside Community Church. Suzanne died in 2013.
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