Warrent Buffett Sees His Networth Pass $100B for the First Time

Shares of Berkshire Hathaway were rising to a record this week prompting investing guro Warren Buffett to see his networth sail pass $100 billion for the very first time.

Buffett currently owns 249,000 shares of Berkshire Class A stock, giving him a 38% ownership of the conglomerate, according to FactSet.

On Wednesday Berkshire’s Class A shares closed at a record high of $399,650. This took Buffett’s stake to a market value above $99.5 billion.

Considering 90-year old Buffett’s other holdings, Forbes estimated that Buffett’s networth reached about $100.5 billion as of Thursday, making him the sixth richest person in the world.

His fortune was estimated at $73.5 billion in September 2020, according to Forbes.

The “Oracle of Omaha” has contributed Berkshire “B” shares to the Gates Foundation and other family foundations since 2006, which had a value totaling more than $37 billion, according to a statement from Berkshire Hathaway back in July of 2020.

Berkshire had turned in a better than expected financial results for 2020 even as some of its businesses suffered because of the COVID-19 pandemic. Revenues totaled $245.5 billion in 2020, only a 3.5% year-over-year decline.

Buffett recently trimmed his stake in tech giant Apple. His insurance conglomerate had made nearly $100 billion on Apple, making the iPhone maker one of the billionaire investor’s best investments of all time.

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.