Buffett’s net Worth Reaches 100 Billion US Dollars
On Wednesday,Warren Buffett , ’s wealth reached $100 billion, and investors pushed the share price of his company Berkshire Hathaway (398840, 7380.00, 1.89%) to a record level.
According to “Forbes” magazine statistics, Buffett’s net assets are almost all derived from holding one-sixth of Berkshire‘s shares, Berkshire is a company with a market value of approximately $600 billion.
Berkshire Hathaway’s share price rose sharply in March, and its Class A shares exceeded $400,000 on Wednesday.
Previously, the Omaha, Nebraska-based company stated on February 27 that despite the spread of the epidemic, the company’s fourth-quarter operating results had improved. Apple (119.98, -1.11, -0.91%) and others The rise in stocks boosted total profits of $35.8 billion.
Had it not been for donating Berkshire stock to the Bill and Melinda Gates Foundation and four family charities in 2006, the 90-year-old Buffett’s net worth would have been even higher.
Buffett previously owned nearly one-third of Berkshire’s shares, and his total donations have exceeded 37 billion U.S. dollars.
When Buffett took over Berkshire in 1965, it was a textile company on the verge of bankruptcy. At present, the company owns more than 90 companies, such as Geico Auto Insurance Company and BNSF Railway Company. As of the end of last year, the company held shares worth 281.2 billion US dollars.
As one of the most famous investors in the world, Buffett was once the richest person in the world, but he was surpassed by several executives whose company stocks rose faster.
Before this year, Berkshire’s stock price has been lagging behind the S&P 500 Index, including dividends for the past 10 years.
The stock will perform better than the broader market in 2021, and some analysts have raised their target stock price this month.
According to “Forbes”, Buffett is ranked fifth on the global rich list, ranking in Amazon (3057.64, -5.21, -0.17%) company Jeff Bezos, Tesla (668.06, -5.52, -0.82%) After Elon Musk of the company, Bernard Arnault of Moet Hennessy Group and their family, as well as philanthropist and Microsoft (232.42, -1.36, -0.58%) co-founder Bill Gates.
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