Later that same year, he was appointed Chairman. A childhood friend of Warren Buffet, he joined the board of Berkshire Hathway and amassed a large portion of his current fortune when Berkshire Hathaway bought MidAmerican Energy. Peter Kiewit Sons’ Inc., split into two divisions in the late 90s, and he is now Chairman of Level 3 Communications, one arm of the company, while continuing to serve as Chairman Emeritus for the main arm. He also sits on the boards of RCN Corporation and Valmont Industries, among other firms.