As investors drove the stock price for his company Berkshire Hathaway to a record level, Warren Buffett’s net worth reached $100 billion on Wednesday.
Berkshire Hathaway trimmed its stake in Apple by about 6%, selling 57.16 million shares, during the fourth quarter of 2020, according to a 13-F securities filing.
Buffett’s net worth, as measured by Forbes magazine, comes almost entirely from owning about one-sixth of Berkshire, a roughly $600 billion company.
Berkshire’s stock price has surged higher in March, with its Class A shares surpassing $400,000 on Wednesday.
That came after the Omaha, Nebraska-based company on Feb. 27 said fourth-quarter operating results improved despite the coronavirus pandemic, while gains in Apple Inc and other stocks fueled a $35.8 billion overall profit.
Forbes said Buffett ranks fifth on its list of the world’s richest people, after Amazon.com’s Jeff Bezos, Tesla’s Elon Musk, LVMH Moet Hennessy’s Bernard Arnault and his family, and the philanthropist and Microsoft co-founder Bill Gates.
MacDailyNews Note: Berkshire Hathaway currently holds some $120 billion in Apple shares, its biggest single stock holding. No wonder Warren Buffett’s net worth has skyrocketed!
And Gates and him are “best buddies”. I’ll bet they don’t talk about Apple’s stock price when they get together to play “Bridge”. 😊
Can I hope that Warren tells Bill to f-off if/when he brings up the EquitableMath.org…to which Bill’s foundation donated a healthy chunk of money? The group is apparently not happy with pursuing correct math answers, as they determine:
“”White supremacy culture shows up in math classrooms when… The focus is on getting the ‘right’ answer.”
Obviously, math is dripping with racism.
No single citizen should own that much of America. And his BH even owns that gigantic RR co., BNSF which, after Larry Summers’ deregulation in the Clintonian admin., continues to swallow up one regional RR after another, then raises prices to pay for that anti-competitive merger. UP is doing the same. Its two CEOs patted each other on the back for keeping prices high which increases staple products to keep them artificially high.
Dingler, you are the total embodiment of everything wrong with libturds. Congrats!!! I nominate you to the position of “Head of Shit For Brains”
Zero information, only hate. Always, everyday. But he’s still too stupid to know how to move over to Parler.