Thursday, April 22, 2021

Billionaire Warren Buffett’s fortune surpassed $ 100 billion for the first time

The fortune of US billionaire Warren Buffett, CEO of Berkshire Hathaway’s empire, rose above $ 100 billion on Thursday, after the company’s shares hit a record high, then tumbling to $ 99.7 billion on Friday morning, according to Forbes.

Warren Buffett’s fortune fell from $ 100.3 billion, Thursday, after he became the sixth member of the list of rich people whose fortunes exceed this barrier, to fall to $ 99.7 billion today, according to Forbes’ list of the world’s richest in real time.
It is the first time that the 90-year-old billionaire’s fortune has crossed the $ 100 billion mark. He is now ranked 6th in the Forbes billionaire ranking, after his fortune decreased by nearly $ 609 million.

The fortunes of four other billionaires from the Hundred Billion Club also rose: Amazon founder Jeff Bezos ($ 182.6 billion), Tesla CEO Elon Musk ($ 171.6 billion), LVMH chief luxury goods group Bernard Arnault ($ 160.3 billion), as well as the wealth of Bill Gates. Microsoft co-founder ($ 126.2 billion).

Today Mark Zuckerberg topped Warren Buffett to No. 5 on the list with a net worth of $ 100 billion, according to Forbes.
Buffett’s fortune has risen significantly this year, with his net worth at the end of December of last year totaling $ 86.8 billion.
Buffett owns about a sixth of Berkshire Hathaway, which is valued at nearly $ 600 billion, and the company has several large investments, including Chevron and Verizon, whose shares rose dramatically in February despite the broader market downturn. According to Forbes, about 99% of Warren Buffett’s fortune is linked to Berkshire stocks.

Berkshire reported net income of $ 35.8 billion in the fourth quarter of 2020, a 23% increase from the $ 29.1 billion achieved a year earlier, driven by gains in shares the company owns, including Apple.

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