Paul 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
NOW WATCH: The rise and fall of Donald Trump's $365 million airline
See Also:
- ETF managers who target 2 of the market's hottest themes gave us inside looks into their investing approaches — including a gig economy strategy that is up 45% this year
- Warren Buffett's bet on Barrick Gold isn't as strange as it looks. The miner models itself on Berkshire Hathaway.
- Warren Buffett bet on a gold miner and slashed his bank stakes because he's picking winners, a veteran Berkshire Hathaway shareholder says
from Business Insider https://ift.tt/3iUljjs
No comments:
Post a Comment