Warren Buffett joins $100B club as Berkshire hits new highs
Warren Buffett is world's sixth centibillionaire As Berkshire Hathaway shares hit a new high this week, Warren Buffett's estimated net worth topped $100 billion for the first time.
On Wednesday, Forbes estimated Buffett's fortune to be around $101.5 billion.
Almost all of it is from his 249,000 shares of Berkshire Hathaway Class A shares, which reached an all-time intraday high of $407,750 each that day.
He's the sixth person to join the world's "Centibillionaire Club," following Amazon's Jeff Bezos, Tesla's Elon Musk, LVMH's Bernard Arnault & family, Microsoft's Bill Gates, and Facebook's Mark Zuckerberg. After two days of losses, BRKA shares closed today at $394,701, bringing the Forbes estimate of Buffett's net worth down to $99.3 billion.
He's currently #5 on the list, ahead of Mark Zuckerberg's $98.0 billion.
Starting in 2006, Buffett has been making scheduled annual donations to the Bill & Melinda Gates Foundation and, to a lesser extent, foundations run by family members.
When the most recent donations were made last July, Berkshire said that in total, the gifts had reduced his Class A holdings by 226,264 shares.
At tonight's close, they would be worth $89.3 billion. If he still had them, his net worth would be $188.6 billion, making him the richest person in the world, topping Jeff Bezos's $181.3 billion.
Chevron's CEO infers "confidence" from Berkshire's big stake Even though Berkshire Hathaway recently revealed it holds $5.4 billion of his company's stock, Chevron CEO Michael Wirth says he hasn't spoken to anyone at Berkshire.
That's in keeping with the "hands off" attitude Buffett generally takes with the companies in Berkshire's stock portfolio.
Appearing on CNBC's "Closing Bell" on Tuesday, Wirth said, "I look forward to meeting with them in the weeks and months to come."
"I can't infer anything other than their investment decision would suggest that there's some confidence in the long-term future of our company and our ability to generate value for shareholders over the long term...
"I believe Chevron is a great long-term value investment for any investor, and so we certainly do welcome Berkshire Hathaway's investment in our company. They're well known as a long-term investor and a value-oriented investor and one that we're very pleased to have in our stock."
Today's $111.56 close for Chevron is its highest since January 2020.
He still has his memories of lunch with Buffett The blockchain entrepreneur who won a lunch with Warren Buffett by bidding $4.6 million in a 2019 charity auction says he came close to being the high bidder in this week's $69 million auction of a blockchain-secured digital image.
In a series of tweets, TRON founder Justin Sun says he was outbid by $250,000 in the last 20 seconds of Thursday's online auction of Beeple's "Everydays: The First 5,000 Days" when his attempt to raise his bid to $70 million was not accepted by Christie's system before time ran out.
Sun writes that blockchain technology would improve things by making bidding more transparent, and he offered his assistance to the auction house if it wants to go that route.
Today it's been revealed the auction was won by a crypto investor who goes by the pseudonym "Metakovan."
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BERKSHIRE STOCK WATCH
BERKSHIRE'S TOP U.S. STOCK HOLDINGS - Mar 12, 2021
Berkshire's top holdings of disclosed publicly-traded U.S. stocks by market value, based on today's closing prices.
Holdings are as of December 31, 2020 as reported in Berkshire Hathaway's 13F filing on February 16, 2021, except for Apple, Bank of America, and U.S. Bancorp, which also include shares held as of December 31, 2020 as disclosed in New England Asset Management's 13F filing on February 16, 2021.
In addition to U.S. stocks, shares held as of December 31, 2020 of China's BYD, as listed in Buffett's 2020 letter to shareholders, are included. The price of those shares in U.S. trading is used to approximate the current market value of the position. The value of the stake as a percentage of the company's market value is fixed at what was listed as of December 31, 2020 in the letter.
The full list of holdings and current market values is available from CNBC.com's Berkshire Hathaway Portfolio Tracker.
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-- Alex Crippen, Editor, Warren Buffett Watch
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