Friday, October 30

Warren Buffet

iPhone News, Warren Buffet

Warren Buffett’s $ 80 Billion Gain On Apple Investment Exceeds His All Net Worth

Billionaire investor Warren Buffett's 245 million Apple shares of Berkshire Hathaway, which the conglomerate had spent about $ 35 billion to buy, are now worth about $ 118 billion, representing a profit of $ 80 billion. million that exceeds Buffett's total net worth. Business Insider is reporting. According to the Bloomberg Billionaires Index, Buffett's fortune has shrunk by $ 11 billion this year to about $ 78 billion, primarily due to a 10% drop in Berkshire's stock price this year, which it has drastically reduced the value of its 15.5% stake in the company. Buffett also donated $ 2.9 billion of his Berkshire stock to philanthropic causes in July, bringing his total contributions to $ 37 billion in the past 14 years.Apple's rising valuation has made it a disproportiona...