The net worth of veteran investor Warren Buffett has exceeded $ 100 billion (Rs 7.28 lakh crore). Buffett’s company Berkshire Hathaway’s share price has reached a record high of over 10 thousand million dollars. According to Forbes magazine, the bulk of his wealth comes from Berkshire, in which he owns one-sixth. Berkshire is a 60 thousand million dollar company.
In March, Berkshire’s stock price reached a record high and exceeded $ 4 million per share. Despite the Corona epidemic, Nebraska-based company Omaha reported on February 27 that operating results had improved in October-December 2020, the fourth quarter of 2020 the previous year. Apart from this, due to gains in other stocks including Apple, there was a profit of 3580 thousand crores in the profit of the buffet.
The special thing is that Buffett, the fifth richest man, would have had more if he had not started donating to the Berkshire’s Shares Bill & Melinda Gates Foundation and four family charities since 2006. The first Buffet had one-third of Berkshire’s stake. He has donated over 4100 million dollars. According to Forbes, Buffett has promised to donate 99 percent of his net worth.
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Buffett is the world’s fifth richest man
According to Forbes, Buffett is the fifth richest in the world. In the Forbes list of the world’s richest people, with a wealth of 17.96 thousand million dollars, Amazon CEO Jeff Bezos has been placed on top. After Jeff Bezos, Tesla CEO Elon Musk, the second richest person in the world, has a net worth of 16.51 thousand crores. LVMH’s Bernard Arnault & Family with assets of 15.85 thousand crores and Microsoft co-founder Bill Gates in fourth place has been placed in third place.
Made your net worth from the failing company
In 1965, when Warren Buffet took control of Berkshire, there was a huge loss-making textile company. Today, it is owned by more than 60 companies, including Jericho, battery maker Duracell and restaurant chain Dairy Queen. Berkshire stock has outperformed in 2021 this year and some analysts have also increased their target for March 2021 this month. Buffet, 90, is the son of a Congressman and bought his first stock at the age of 11. Apart from this, Buffett filed the tax for the first time at the age of 13.