Warren Buffett’s fortune tops US$100 billion
- Warren Buffett’s net worth would be higher had he not in 2006 begun donating his Berkshire shares
- Amazon’s Jeff Bezos is the world’s richest man with a US$179.6 billion fortune, according to Forbes
Buffett’s net worth, as measured by Forbes magazine, comes almost entirely from owning about one-sixth of Berkshire, a roughly US$600 billion company.
Berkshire’s stock price has surged higher in March, with its class A shares surpassing US$400,000 on Wednesday.
That came after the Omaha, Nebraska-based company on February 27 said fourth-quarter operating results improved despite the coronavirus pandemic, while gains in Apple and other stocks fuelled a US$35.8 billion overall profit.
The 90-year-old Buffett’s net worth would be higher had he not in 2006 begun donating his Berkshire shares to the Bill & Melinda Gates Foundation and four family charities.
Buffett had previously owned nearly one-third of Berkshire, and his donations have totalled more than US$37 billion when they were made.