Warren Buffett’s fortune exceeds $100 billion

The entrepreneur entered the top five billionaires, according to Forbes.

Warren Buffett’s capital reached $100.3 billion thanks to a sharp increase in his shares in the holding company Berkshire Hathaway, according to Forbes magazine’s rating data published on Thursday, which is updated in real-time.

Thus, Buffett entered the top five billionaires whose fortune exceeds $ 100 billion. The first line of the rating is occupied by the head of the American corporation Amazon Jeff Bezos with $179.6 billion. About $ 14 billion is separated by the American entrepreneur Elon Musk, the Tesla Company’s owner. Then there is the president of the LVMH group of companies (Louis Vuitton Moet Hennessy), Bernard Arnault, and the founder of Microsoft, Bill Gates. Their wealth is estimated at $160.2 billion and $125.6 billion, respectively.

Buffett turned 90 last August. Over the past decades, he was one of the three richest people globally, but in 2019 he fell to the fourth line of the rating with a fortune of $ 67.5 billion. In 2006-2019, Buffett transferred more than $ 34.5 billion to various funds. In June 2010, together with Gates, he initiated the charity campaign “The Pledge of Giving,” during which they called on billionaires to donate more than half of their wealth to charity.

In 1965, Buffett acquired a majority stake in the nearly bankrupt Berkshire Hathaway textile company and turned it into a holding company that manages the assets of companies operating in various fields. As of 2020, there are more than 60 of them. Among them are leading American banks and equipment manufacturers.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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