Warren Buffett's Berkshire Hathaway has scored an $86 billion gain on Apple — more than the famed investor's entire net worth - Creak News

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Warren Buffett's Berkshire Hathaway has scored an $86 billion gain on Apple — more than the famed investor's entire net worth

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Warren BuffettPaul Morigi / Stringer / Getty Images

  • Warren Buffett's gain on his Apple investment easily exceeds his personal fortune.
  • The billionaire investor's Berkshire Hathaway conglomerate spent about $35 billion to buy 245 million Apple shares that are now worth about $122 billion, representing a gain of more than $80 billion.
  • Buffett's net worth has sunk by $11 billion this year to $78 billion, reflecting a decline in Berkshire's share price and his philanthropy.
  • Berkshire's Apple stake is worth more than four times as much as its Bank of America position, the second-largest holding in its portfolio.
  • Visit Business Insider's homepage for more stories.

Warren Buffett's Berkshire Hathaway has made more money on Apple than Buffett himself is currently worth.

The famed investor's conglomerate spent about $35 billion to amass roughly 245 million Apple shares between 2016 and 2018. Apple's stock price has skyrocketed since then, boosting the value of Berkshire's 5.7% stake to about $122 billion as of Friday's close — an investment gain of around $87 billion.

See the rest of the story at Business Insider

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