The recent election has done more than shake up political dynamics; it has sparked a stock market rally that led to staggering gains for some of the world's wealthiest individuals. As the dust settled on a historic election Wednesday, five billionaires saw dramatic increases in their net worth, gaining a collective $53 billion by the […]
In Berkshire Hathaway’s Form 13F regulatory filing, the company, owned by billionaire Warren Buffett, revealed it had bought a stake in banking giant Citigroup. Berkshire Hathaway purchased 55.2 million shares, or approximately 2.8% of Citigroup’s outstanding shares, for a total value of around $2.95 billion. Berkshire Hathaway’s average cost per share was around $53.40. At […]
On Monday, Berkshire Hathaway announced it had agreed to purchase insurance company Alleghany for $11.6 billion in cash. The company said the deal, expected to close in the fourth quarter of this year, represents “a multiple of 1.26 times Alleghany’s book value at December 31, 2021” in addition to a 16% premium to Alleghany’s average […]
1. Bill Gates And Melinda French Gates Bill Gates launched the Bill and Melinda Gates Foundation alongside his then-wife Melinda French Gates in 2000. The Microsoft co-founder and his wife pledged to donate 95% of their wealth and, by 2010, had given $17 billion away to their foundation to support health projects and tackle poverty […]
According to the Financial Times, Berkshire Hathaway CEO Buffett purchased the substantial stake just weeks before the record-breaking acquisition, estimated to be worth $68.7 billion, was completed. In 2022, Activision shares are up 23% to $81.50, though remain notably below the proposed $95 per share takeover price due to potential antitrust concerns. In the past, […]
Billionaire Tesla CEO Elon Musk donated a total of 5,044,000 shares in the world's most valuable car manufacturer in November last year, according to its filing with the US Securities and Exchange Commission (SEC). Musk’s donation was worth an impressive $5.74 billion, based on the closing prices of Tesla shares on the five days he […]
Chris West, CEO of Verbal Identity, explores the similarities between billionaires Elon Musk, Warren Buffett, and Steve Jobs. An obvious thing is the huge personal fortunes made from the companies they built. The less obvious thing is how they skillfully used language to build those companies (and those fortunes). Steve Jobs and Warren Buffett had […]
With a current net worth of $105.6 billion (according to Forbes), Warren Buffett is one of the most successful and influential investors and business magnates in the world. The son of a US congressman, Buffett first bought stock when he was 11 years old and first filed taxes at 13. In 1956, he founded Buffett Partnership, which was renamed Berkshire Hathaway after the company bought a textile manufacturing firm with the same name. Today, Berkshire Hathaway is a multinational conglomerate holding company which owns and operates over 60 companies, including Helzberg Diamonds, battery manufacturer Duracell, insurer Geico and the Dairy Queen restaurant chain.
Image by Alessio Jacona from Rome, Italy - Mark Zuckerberg, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=72121838 Frugality or thriftiness might not be words commonly associated with the ultra-wealthy, yet a small subset of the world’s richest people are well-known for their penny-pinching habits. Arguably, it is this characteristic that has enabled them such huge financial success in […]
At the last count, Berkshire Hathaway owned 152 million shares of American Express, giving the company a 19% stake. American Express’ stock price has rocketed this year, raising the value of Berkshire Hathaway's position to $26 billion, up from $18 billion at the start of 2021. This year, the financial services group has been one […]
Warren Buffett’s multi-billion dollar company will receive a $1.3 billion refund on the proposed purchase of Questar Pipelines. The deal would also have included a $430 million of Dominion Energy’s debt when the deal was announced last year. Dominion Energy has said it still plans to sell Questar Pipelines and will seek out another suitable buyer […]
In a statement released on June 23, the 90-year old billionaire said: “Society has a use for my money; I don't." Within the statement, he also announced he would be stepping down as a trustee of the Bill and Melinda Gates Foundation. This latest $4.1 billion donation takes Mr Buffett half of the way to […]
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