Cracked the egg! For the first time, Warren Buffett’s wealth translated into IDR 1,445 billion!

© Warta Ekonomi. Cracked the egg! For the first time, Warren Buffett’s wealth translated into IDR 1,445 billion!

Billionaire investor Warren Buffett, founder of Berkshire Hathaway Inc., just felt his fortune hit an all-time high. Thanks to Berkshire Class A shares reaching record highs, Buffett’s fortune reached $ 100.5 billion for the first time.

Berkshire stock closed at a record high of $ 399,650 on Wednesday, taking the 2021 gain to more than 14%. This brings a significant share of “Oracle (NYSE 🙂 of Omaha” with a market value of over $ 99.5 billion (IDR 1,430 billion).

Report of CNBC International in Jakarta, Friday (12/03/21) taking into account Buffett’s other holdings, Forbes estimates that the fortune of the legendary investor is around $ 100.5 billion, making him the sixth richest person in the world.

Also read: He’s 90 years old, how come Warren Buffett is still smart and productive? It turns out that is the secret!

Buffett, 90, currently owns 249,000 Berkshire Class A shares, giving him a 38% stake in the conglomerate. The stock’s intraday high on Wednesday was $ 407,750, so Buffett’s stock was worth $ 101.5 billion.

Buffett has donated Berkshire “B” shares to the Gates Foundation and other family foundations since 2006, which have a total value of over $ 37 billion.

Wall Street analysts and investors have turned bullish in Berkshire as the conglomerate enters a better 2020, even though some of its businesses such as railways and retail have suffered damage from the pandemic. In fact, Berkshire’s revenue reached $ 245.5 billion (IDR 3,530 billion) in 2020, only a 3.5% year-over-year decline.

Berkshire shares rebounded to an all-time high after the conglomerate owner bought back his shares in 2020, for a total of $ 24.7 billion.

Strong gains in its equity portfolio have also helped the conglomerate offset some of the impact of the pandemic. Berkshire still leads with over $ 138 billion (Rs.1984 billion) at the end of 2020.

(14379 IDR / USD exchange rate)

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