Investor Warren Buffett’s fortune rose to $ 100 billion on Wednesday when his company’s stock hit a record high of more than $ 400,000 each.
Shares of Berkshire Hathaway Class A rose to $ 407,750 on Wednesday, before closing some places to close at $ 398,840 to close the day. Class B shares in Omaha, Nebraska, traded at a much more affordable price of $ 263.99.
Shares of Berkshire have been rising for the past two weeks since Buffett released its annual shareholder letter late last month. Even as the coronavirus epidemic weighed heavily on many Berkshire businesses, the company reported $ 35.8 billion in fourth-quarter profit, largely due to the paperwork value of its investments.
Buffett’s fortune, which is mainly related to the ownership of his 248,734 Class A shares, exceeded $ 101 billion on Wednesday. But he could have done more if he had not donated a large number of Berkshire Hathaway shares to the Bilsh Melinda Gates Foundation and several other charities since 2006.
Buffett estimates that the shares he has donated to charity over the years have totaled more than $ 37 billion when they were donated.
The 90-year-old investor was once the richest man in the world, but he fell behind the 5th place in the list of the richest people in the world by Forbes magazine. Amazon’s $ 179.6 billion Bezos is the richest man in the world.
Buffett Berkshire owns more than 90 companies, including BNSF Railway, Geico Insurance և several major utilities. Collomerate also owns manufacturing, furniture, footwear, jewelry, chocolate, lingerie and brick companies. Berkshire is investing heavily in Apple, Coca-Cola, Bank of America, American Express and other stocks.