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Warren Buffett’s fortune reached $100 billion on Wednesday, as investors drove the stock price for his company Berkshire Hathaway Inc. to a record level.
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 February 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.
The 90-year-old Buffett’s net worth would be higher had he not in 2006 begun donating his Berkshire shares to the Bill & Melinda Gates Foundation and four family charities.
Warren Buffett becomes sixth member of the exclusive $100bn club
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Warren Buffett s net worth reaches US$100 billion
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Warren Buffett s net worth reaches $100 billion
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