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Warren Buffett s fortune tops $100B as his stock soars
by Josh Funk, The Associated Press
Posted Mar 10, 2021 6:41 pm EDT
Last Updated Mar 10, 2021 at 6:44 pm EDT
OMAHA, Neb. Investor Warren Buffett’s fortune surged above $100 billion Wednesday when shares of his company hit a record high at over $400,000 apiece.
Berkshire Hathaway’s Class A shares climbed to $407,750 Wednesday before giving up some ground to close the day at $398,840. The Class B shares of the Omaha, Nebraska, based conglomerate were selling for a much more affordable price of $263.99.
Berkshire’s shares have generally been increasing over the past two weeks since Buffett released his annual letter to shareholders late last month. Even with the coronavirus pandemic weighing on many of Berkshire’s businesses, the company reported a $35.8 billion fourth-quarter profit, largely due to paper gains on the value of its investments.
Warren Buffett’s fortune tops $100 billion as Berkshire stock soars MarketWatch 3/11/2021
ASSOCIATED PRESS
OMAHA, Neb. Investor Warren Buffett’s fortune surged above $100 billion Wednesday when shares of his company hit a record high at over $400,000 apiece.
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Berkshire Hathaway’s Class A shares climbed to $407,750 Wednesday before giving up some ground to close the day at $398,840. The Class B shares of the Omaha, Nebraska, based conglomerate were selling for a much more affordable price of $263.99.
Berkshire’s shares have generally been increasing over the past two weeks since Buffett released his annual letter to shareholders late last month. Even with the coronavirus pandemic weighing on many of Berkshire’s businesses, the company reported a $35.8 billion fourth-quarter profit, largely due to paper gains on the value of its investments.
Investor Warren Buffett s fortune jumps, becomes sixth member of $100 billion club msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.