WASHINGTON – United States businessman Warren Buffett yesterday joined the small circle of executives worth more than US$100 billion (RM411.25 billion), which also includes Jeff Bezos, Elon Musk, Bernard Arnault and Bill Gates, reported Forbes magazine.
The share price of his company, Berkshire Hathaway, reached a record level yesterday, pushing his fortune to US$100.3 billion – the first time that his net worth has crossed the US$100 billion threshold.
Buffett, 90, known as the “Oracle of Omaha”, is one of the most successful and respected executives of all time, but his fortune has never before reached such a peak, with investors in recent years betting on the value of the technology sector.
According to Forbes, the Berkshire Hathaway conglomerate owns more than 60 companies, including US insurance agency Geico and battery maker Duracell.
Buffett is a generous donor, having given more than US$41 billion, mainly to the Gates Foundation and his children’s foundations, said the magazine.
In 2010, Buffett and Gates launched the “Giving Pledge”, which calls on billionaires to commit to giving at least half of their wealth to charitable organisations.
According to Forbes’ real-time billionaire ranking, only four other executives have a higher net worth than Buffett: Amazon founder Bezos (US$179.6 billion), Tesla CEO Musk (US$165.1 billion), LVMH group director Arnault (US$158.5 billion) and Microsoft co-founder Gates (US$125.6 billion).
Facebook founder Mark Zuckerberg is in sixth place, with an estimated fortune of US$96.7 billion. – AFP, March 11, 2021
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