Economy

Warren Buffett, CEO of Berkshire Hathaway, is now worth $ 100 billion

Warren Buffett, CEO of Berkshire Hathaway, is now worth $ 100 billion
The legendary American investor was valued at $ 100 billion on Thursday, according to a newspaper Bloomberg Billionaire Index. This puts him in the company of only five other men over that. He is now the sixth richest person in the world, and immediately after him The social networking site Facebook (FB) CEO Mark Zuckerberg.
Aged 90 Buffett He added nearly $ 13 billion to his net worth this year as stocks rose in his industrial and insurance group. Berkshire Hathaway (Pools) It is up nearly 15% in 2021, giving the company a market value of over $ 600 billion.
Buffett and Berkshire Hathaway are known for investing primarily in slow-growing “value” stocks – many of which have performed well this year as markets continue to recover from the meltdown caused by the pandemic a year ago. Recently revealed that Berkshire She bought stakes in Dow ingredients Chevron and Verizon, indicating new interest in Big Oil, communications and media.
Chevron (CVX) By 31% Crude oil prices are regaining lost ground During the first months of the epidemic. Verizon (VZ) Almost not doing well – the stock is down nearly 3% this year – but it’s still well above the lows it hit in March 2020.
While Buffett has crossed the $ 100 billion mark, he is still far from the richest person in the world. Amazon (AMZN) CEO Jeff Bezos, who has a net worth of $ 180 billion, according to Bloomberg. Bezos trades the title with Tesla (TSLA) CEO Elon Musk, whose net worth is now $ 173 billion He also contributed to the march of his company to manufacture electric cars From the recent losses.
Microsoft (MSFT) Co-founder Bill Gates is number 3 on the list with $ 138 billion, while Bernard Arnault is chairman of the luxury goods group. LVMH (LVMHF)In fourth place with 122 billion dollars. Arnault is the richest non-American on the list. Zuckerberg ranks fifth with a net worth of $ 101 billion.
Buffett has donated billions of dollars to charitable causes, and in 2006, he pledged to donate Almost all of his wealth is for charity.

Paul R La Monica contributed to this report.

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