2023-11-04 15:59:48
The well-known American stock market billionaire Warren Buffett has seen his enormous bulk of cash increase in the past quarter to a record amount of 157.2 billion dollars, equivalent to approximately 148 billion euros.
The super investor saw his bank balance increase this round mainly due to the accrued interest.
This was because the now 93-year-old Buffett had largely parked his money in government bonds with a short term. These yielded relatively high interest. Partly as a result, the operating profit of Berkshire Hathaway, Buffett’s investment company, rose to $10.8 billion in the third quarter.
Buffett has been making fewer large investments lately, leaving more money in his accounts. This is favorable with the current high interest rates.
Berkshire Hathaway has investments in all corners of the economy. For example, Buffett owns rail company BNSF, fast food chain Dairy Queen, candy manufacturer See’s Candies and insurance company Geico. Buffett, also known as the ‘Oracle of Omaha’, also owns shares of companies such as Apple and oil company Occidental Petroleum.
Berkshire Hathaway has been owned by Buffett since the 1960s. The company was initially a textile manufacturer, but the CEO transformed the company into a large business empire.
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Bekende Amerikaanse belegger Buffett kan flinke miljardenwinst bijschrijven
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‘Superbelegger’ Buffett heeft recordhoeveelheid geld in kas: 149 miljard dollar
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