The value of the assets of the 90-year-old investor and philanthropist Warren Buffett reached $ 100 billion (CZK 2.2 trillion). Investors pushed the share price of Berkshire Hathaway to a record high of more than $ 407,000, Reuters reported. Buffett owns about a sixth of the company.
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The 90-year-old Buffett’s assets would have been greater if he had not begun to cede his shares in Berkshire to charities such as the Bill and Melinda Gates Foundation in 2006. He originally owned a third of Berkshire.
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Buffett is also a co-founder of The Giving Pledge campaign, which aims to encourage extremely wealthy people to contribute part of their fortunes to philanthropic purposes. One such is Mackenzie Scott, the ex-wife of Amazon founder Jeff Bezos. In just four months last year, it distributed more than four billion dollars of its assets.
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Class A shares closed at $ 398,840, up 1.7 percent from the previous day. The market capitalization of Berkshire Hathaway thus reached more than $ 609 billion.
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One of the most famous investors used to be the richest man in the world, but later he was overtaken by several heads of companies whose shares grew faster. According to Forbes magazine, Buffett is now in fifth place among the richest people.
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The first four are occupied by the head of the Amazon online retailer Jeff Bezos, the head of the electric car manufacturer Tesla Elon Musk, the head of the French LVMH group Bernard Arnault with his family and the co-founder of Microsoft Bill Gates.
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Berkshire Hathaway’s investments are monitored by investors around the world. The Group controls more than 90 subsidiaries operating in various industries. It also owns significant stakes in a number of well-known companies, such as the world’s largest soft drink producer Coca-Cola. Thanks to his successful investments, Buffett earned the nickname The Oracle of Omaha.
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