The unbelievable American financial backer's total assets was $100 billion on Thursday, as per the Bloomberg Very rich people Record. That places him in the organization of just five different men over that limit. Also, he is currently the 6th most extravagant individual on the planet, positioning simply behind Facebook Chief Imprint Zuckerberg.
Buffett, 90, has added almost $13 billion to his total assets this year as offers in his protection and modern combination took off. Berkshire Hathaway is up almost 15% in 2021, giving the organization a market capitalization of more than $600 billion.
Buffett and Berkshire Hathaway are famous for investing primarily in slow-growing "value" stocks, many of which have performed well this year as markets continue to recover from the year-long pandemic-driven collapse. It recently revealed that Berkshire has bought stakes in components of Dow Chevron and Verizon, signaling new interest in the so-called Big Oil, telecommunications and media sector.
Why is Warren Buffett now investing in airlines?
Chevron is up 31% as crude prices recover the ground they lost during the first months of the pandemic. Verizon hasn't fared as well, shares are down almost 3% this year, but still above the lows they hit in March 2020.
While Warren Buffett has passed the $100 billion mark, he is still far behind the world's richest person, Amazon CEO Jeff Bezos, whose capital is worth $180 billion, according to Bloomberg. Bezos has been swapping titles with Tesla Chief Executive Elon Musk, whose capital is now $173 billion as shares of his electric carmaker rebound from recent losses.
Microsoft co-founder Bill Gates is third on the list with capital of $138 billion, while Bernard Arnault, chairman of luxury goods group LVMH, is fourth with $122 billion. Arnault is the only non-American on this list. Zuckerberg is number 5 with a net worth of $101 billion.
Buffett has donated billions of dollars to philanthropic causes and, in 2006, pledged to donate almost his entire fortune to charity.
He has done it again. Warren Buffett saw his net worth increase when other tycoons have lost billions of dollars in a very short time.
The billionaire investor is one of two people among the 10 richest people in the world to have seen his net worth rise since January.
The Berkshire Hathaway chief executive is ranked number five on the Bloomberg Billionaires Index, a daily ranking of the world's richest people. His total net worth is $112 billion.
The other billionaire in the top 10 on the list adding to his wealth is Gautam Adani, an Indian infrastructure tycoon who owns property assets, commodities and energy firms, whose total net worth is $102 billion.
WHAT DOES WARREN BUFFETT INVEST IN?
Buffett-owned Berskhire Hathaway invested $7 billion in oil producer Occidental Petroleum Corporation, increasing its stake to more than 14%.
The investment conglomerate also increased its stake in Chevron, which has risen to fourth place in Berskhire's holdings ranking.
Buffett's investment style remains intact: stable companies that consistently produce cash flows and are not valued above market multiples, TheStreet recalls.
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