This occurred after the tycoon’s company reported an improvement in its operating results in its fourth quarter of last year, despite the pandemic.
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This Wednesday, March 10, Warren Buffett’s fortune reached 100 billion dollars when investors brought the price of the shares of his company, Berkshire Hathaway Inc, to a record level of 400 thousand dollars per unit, according to Reuters .
This occurred after the tycoon’s company reported an improvement in its operating results in its fourth quarter of last year, despite the pandemic. According to the CEO , so far in March its assets accumulate a yield of 9.4 percent.
When Buffett took control of Berkshire, it was a bankrupt textile company. However, he now owns more than 90 businesses and last year ended up with $ 281.2 billion in stock.
Image: AP Photo / Nati Harnik via BI
The 90-year-old billionaire’s wealth would be much greater if in 2006 he had not started donating part of his Berkshire stock to the Bill & Melinda Gates Foundation and four other charities.
Buffett currently ranks fifth on the list of the world’s richest people, according to Forbes , with a fortune of $ 100.7 billion, ranked below Bill Gates, who ranks fourth with $ 126.4 billion.