American philanthropist, civil engineer and businessman Walter Scott Jr has an estimated net worth of $3.8 billion as of April 2016, according to Forbes. The majority of Scott's fortune is acquired from his investments in telecommunications and construction.

Walter Scott Jr. was born in Omaha, Nebraska in 1931. He completed his bachelor’s degree in civil engineering in 1953 from Colorado State University. In 1964, he was elected into the board of Peter Kiewit Sons' Incorporated. Fifteen years later, he became the president of the company. After Peter Kiewit's death, he started serving as the company's Chairman.

Currently, he serves on the board of Berkshire Hathaway as well as Commonwealth Telephone Enterprises, MidAmerican Energy Holdings, Valmont Industries, Peter Kiewit Sons' Inc., Burlington Resources, RCN Corporation, and Level 3 Communications Inc. He also chairs the board of Open World Leadership Center at the Library of Congress. Currently, he chairs Level 3 Communications. The company was created after the separation of the divisions of Peter Kiewit Sons' Inc.. After the separation, Walter Scott Jr started serving as Chairman Emeritus of Peter Kiewit Sons', Inc.