Warren Buffett revealed that he owns around $600 million in assets in addition to Berkshire Hathaway shares.
The investor said his $127 billion in Berkshire A shares accounted for 99.5% of his net worth.
He probably keeps most of his remaining wealth in his private portfolio of stocks and bonds.
Warren Buffett just revealed that he has about $600 million in personal wealth outside of his Berkshire Hathaway shares.
The famous investor and CEO of Berkshire announcement Friday that he donated an additional $5.3 billion in his company’s stock to the Bill & Melinda Gates Foundation and four of its The foundations of the familyHe noted that donations, based on their value at the time of receipt, total about $55 billion over the past 18 years.
“I have no debt and my remaining A shares are worth approximately $127 billion, or approximately 99.5% of my net worth,” he added.
Buffett’s comment suggests that the remaining 0.5%, or about $600 million of his fortune, is invested in other assets. The financial guru owns about $1 million of Berkshire’s cheapest B shares, and his Omaha home is worth a estimated at $1.4 million.
Even if Buffett owns other physical assets worth a few million dollars, it seems likely that his private wallet Stocks and bonds represent the bulk of his wealth outside of Berkshire.
After all, he personally owns at least $80 million worth of just three stocks – Wells Fargo, WalmartAnd Johnson & Johnson — in past years, ProPublica reported last year, based on data disclosed by the Internal Revenue Service (IRS).
Buffett also sold at least $466 million worth of stocks between 2000 and 2019 and dumped bonds worth much more, ProPublica said. The story reported a private portfolio worth hundreds of millions of dollars just a few years ago.
The latest investor index supports this idea. This also helps explain how Buffett can afford to collect only a $100,000 salary Berkshire and return half of that amount to the company each year.
Buffett likely earns significant amounts of stock dividends and bond income from his personal holdings, saving him from having to sell Berkshire shares at pay your bills.
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