March 12, 2021 | Investopaper
Warren Buffet, one of the legend in the field of investing, has witnessed his net-worth surpass $100 billion for the first time as the share price of his company ‘Berkshire Hathaway Inc.’ rallied to a record high.
This make him the fifth richest person of the world. At current, he is behind Jeff Bezos of Amazon, Elon Musk of Tesla, Bernard Arnault of LVMH and Bill Gates of Microsoft.
Berkshire Hathaway’s stock price climbed above $400,000 on Wednesday. The market value of the company has grown above $600 billion. The conglomerate managed by Buffet owns more than 90 businesses including GEICO. Buffet owns almost one-sixth or 249,000 shares of the Berkshire Class A stock.
As per Forbes, Buffett had an estimated net worth of $73.50 billion in September 2020. This has surged to above $100 billion with the recent run in share price of Berkshire.
Buffet would be much richer had he not contributed more than $37 billion in philanthropy to the Gates Foundation since 2006.
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