“Warren Buffett has become the 6th person who recently joined the $100-billion club. “
Warren Buffett is an American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway. According to Bloomberg Billionaires Index, The Berkshire Hathaway Inc. chairman’s wealth jumped to $100.4 billion on Wednesday. That makes Warren Buffett to become the 6th member who joined the ‘$100 billion club’. The ‘club of $100 billion’ including Jeff Bezos, Elon Musk and Bill Gates.
Business Tycoon Warren Buffett has been fixture at the top of the world’s wealth rankings for decades. He has slipped down to the list as tech fortunes soared and his hot hand cooled in recent years.
Now, at 90, his net worth has blown past $100 billion!!
Warren Buffett is a co-founder of the Giving Pledge, a campaign to encourage billionaire philanthropy. Known as the Omaha based company, Mr. Buffett is one of the most successful investors. He has promised to donate over 99% of his wealth. He has given more than $41 billion, mostly to the Gates Foundation and his kids’ foundations.
Berkshire, the source of virtually all of Buffett’s wealth, has had a quick start to 2021.The firm’s A shares are up 15% this year, outpacing the 3.8% gain of the S&P 500 Index. That’s been helped Buffett’s recent push to spend record amounts buying back Berkshire’s own stock, a notable shift for an investor who has preferred to use the $138 billion cash pile to buy other businesses or common shares.
Buffett added $1.9 billion to his fortune on Wednesday. As Berkshire Class A shares hit a record high, helping lead a second day of gains for the S&P 500.
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