The net worth of Warren Buffett surpassed USD 100 billion, according to Forbes.
Forbes magazine on Wednesday reported that the net worth of United States businessman Warren Buffett surpassed USD 100 billion.
Forbes magazine reported that Warren joined the small circle of executives worth over USD 100 billion, which also include Elon Musk, Bill Gates, Jeff Bezos, and Bernard Arnault.
The share price of Warren’s company Berkshire Hathaway reached a record level on Wednesday, pushing his fortune to USD 100.3 billion — the first time that Warren’s net worth had crossed the USD 100 billion thresholds.
Warren, a 90-year-old businessman who was known as the “Oracle of Omaha,” was one of the most successful and respected executives of all time but his fortune had never before reached such a peak, with investors in recent years betting on the values of the technology sector.
Forbes also reported that Warren owned over 60 companies — including battery maker Duracell and US insurance agency Geico.
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According to Forbes, Warren was a generous donor as he had given over USD 41 billion, mainly to the Gates Foundation and his children’s foundations.
In 2010, Warren and Bill launched the “Giving Pledge,” which called on billionaires to commit to donating at least half of their wealth to charitable organizations.
Forbes’ real-time billionaire ranking showed that only four other executives had a higher net worth than Warren — Jeff Bezos (USD 179.6 billion), Elon Musk (USD 165.1 billion), Bernard Arnault (USD 158.5 billion), and Bill Gates (USD 125.6 billion).
Meanwhile, Facebook founder Mark Zuckerberg was in sixth place, with an estimated fortune of USD 96.7 billion.
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