Warren Buffett becomes world’s 2nd-richest man
Baku, December 10, AZERTAC
Warren Buffett became the world’s second-richest man after shares of Berkshire Hathaway Inc. hit a record high on Friday.
Berkshire Hathaway Class B BRK.B, +1.21% shares have been up more than 27% year-to-date, trading at $ 152 a share.
The new share price pushes the 84-year-old investor past Mexican billionaire Carlos Slim to take the second spot, according to Bloomberg. Buffett is now second only to Bill Gates, the founder of Microsoft Corp.
Buffett’s wealth has been on the rise this year with Berkshire Hathaway Class A BRK.A, +1.36% shares trading at $ 227,650 a share. Shares of Class B stock rose above $ 200,000 for the first time in August after the Oracle of Omaha wrote in the company’s annual report that its real net worth was growing faster than its book value.
Buffett’s fortune is estimated to be $ 73.7 billion, approximately $ 300 million more than Slim’s.
Berkshire Hathaway has been on an acquisition spree in recent months.
In November, Berkshire announced it would by battery maker Duracell for $ 4.7 billion from Procter & Gamble PG, +0.53% In October, the company announced it would buy the Van Tuyl Group, the biggest privately-held automobile dealership group in the U.S., for an undisclosed amount.
Earlier this year, Berkshire bought a Miami TV station from Graham Holdings Co. GHC, +0.73% in a stock swap after holding shares in the company for more than four decades.
The company also plans to help finance Burger King Worldwide Inc.’s BKW, -2.37% planned takeover of Canadian coffee chain Tim Hortons Inc. THI, -1.10% with $ 3 billion in funding.
In March 2014, the list of 10 richest persons was as follows:
Bill Gates - 76 billion dollars
Carlos Slim - 72 billion dollars
Amancio Ortega - 64 billion dollars
Warren Buffett - 58.2 billion dollars
Larry Ellison - 48 billion dollars
Charles Koch - 40 billion dollars
David Koch - 40 billion dollars
Sheldon Adelson - 38 billion dollars
Christy Walton - 36.7 billion dollars
Jim Walton - 34.7 billion dollars.
Baku, December 10, AZERTAC
Warren Buffett became the world’s second-richest man after shares of Berkshire Hathaway Inc. hit a record high on Friday.
Berkshire Hathaway Class B BRK.B, +1.21% shares have been up more than 27% year-to-date, trading at $ 152 a share.
The new share price pushes the 84-year-old investor past Mexican billionaire Carlos Slim to take the second spot, according to Bloomberg. Buffett is now second only to Bill Gates, the founder of Microsoft Corp.
Buffett’s wealth has been on the rise this year with Berkshire Hathaway Class A BRK.A, +1.36% shares trading at $ 227,650 a share. Shares of Class B stock rose above $ 200,000 for the first time in August after the Oracle of Omaha wrote in the company’s annual report that its real net worth was growing faster than its book value.
Buffett’s fortune is estimated to be $ 73.7 billion, approximately $ 300 million more than Slim’s.
Berkshire Hathaway has been on an acquisition spree in recent months.
In November, Berkshire announced it would by battery maker Duracell for $ 4.7 billion from Procter & Gamble PG, +0.53% In October, the company announced it would buy the Van Tuyl Group, the biggest privately-held automobile dealership group in the U.S., for an undisclosed amount.
Earlier this year, Berkshire bought a Miami TV station from Graham Holdings Co. GHC, +0.73% in a stock swap after holding shares in the company for more than four decades.
The company also plans to help finance Burger King Worldwide Inc.’s BKW, -2.37% planned takeover of Canadian coffee chain Tim Hortons Inc. THI, -1.10% with $ 3 billion in funding.
In March 2014, the list of 10 richest persons was as follows:
1.Bill Gates - 76 billion dollars
2.Carlos Slim - 72 billion dollars
3.Amancio Ortega - 64 billion dollars
4.Warren Buffett - 58.2 billion dollars
5.Larry Ellison - 48 billion dollars
6.Charles Koch - 40 billion dollars
7.David Koch - 40 billion dollars
8.Sheldon Adelson - 38 billion dollars
9.Christy Walton - 36.7 billion dollars
10.Jim Walton - 34.7 billion dollars.
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