AIRLINK 195.01 Increased By ▲ 1.24 (0.64%)
BOP 9.77 Decreased By ▼ -0.10 (-1.01%)
CNERGY 7.36 Decreased By ▼ -0.21 (-2.77%)
FCCL 38.77 Decreased By ▼ -0.64 (-1.62%)
FFL 15.59 Decreased By ▼ -0.70 (-4.3%)
FLYNG 25.41 Decreased By ▼ -0.43 (-1.66%)
HUBC 128.62 Decreased By ▼ -1.24 (-0.95%)
HUMNL 13.81 Decreased By ▼ -0.02 (-0.14%)
KEL 4.49 Decreased By ▼ -0.04 (-0.88%)
KOSM 6.30 Decreased By ▼ -0.17 (-2.63%)
MLCF 44.79 Decreased By ▼ -0.78 (-1.71%)
OGDC 203.60 Decreased By ▼ -5.51 (-2.63%)
PACE 6.42 Decreased By ▼ -0.30 (-4.46%)
PAEL 41.13 Decreased By ▼ -0.72 (-1.72%)
PIAHCLA 16.72 Decreased By ▼ -0.41 (-2.39%)
PIBTL 7.68 Decreased By ▼ -0.22 (-2.78%)
POWER 9.04 Decreased By ▼ -0.32 (-3.42%)
PPL 173.91 Decreased By ▼ -4.01 (-2.25%)
PRL 39.08 Increased By ▲ 0.07 (0.18%)
PTC 25.04 Decreased By ▼ -0.49 (-1.92%)
SEARL 109.06 Increased By ▲ 2.33 (2.18%)
SILK 0.99 No Change ▼ 0.00 (0%)
SSGC 38.14 Decreased By ▼ -1.39 (-3.52%)
SYM 19.49 Increased By ▲ 0.04 (0.21%)
TELE 8.36 Decreased By ▼ -0.28 (-3.24%)
TPLP 12.13 Decreased By ▼ -0.40 (-3.19%)
TRG 64.79 Decreased By ▼ -0.55 (-0.84%)
WAVESAPP 10.57 Decreased By ▼ -0.58 (-5.2%)
WTL 1.69 Decreased By ▼ -0.04 (-2.31%)
YOUW 3.87 Decreased By ▼ -0.07 (-1.78%)
BR100 11,888 Decreased By -141.9 (-1.18%)
BR30 35,219 Decreased By -592.9 (-1.66%)
KSE100 112,030 Decreased By -1490 (-1.31%)
KSE30 35,136 Decreased By -515.4 (-1.45%)
World

Warren Buffett net worth surpasses $100bn: Forbes

  • In 2010, Buffett and Gates launched the "Giving Pledge," which called on billionaires to commit to giving at least half of their wealth to charitable organizations.
Published March 11, 2021

WASHINGTON: US businessman Warren Buffett on Wednesday joined the small circle of executives worth more than $100 billion, which also includes Jeff Bezos, Elon Musk, Bernard Arnault and Bill Gates, Forbes magazine reported.

The share price of his company Berkshire Hathaway reached a record level Wednesday, pushing his fortune to $100.3 billion -- the first time that his net worth has crossed the $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 values 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 $41 billion, mainly to the Gates Foundation and his children's foundations, Forbes said.

In 2010, Buffett and Gates launched the "Giving Pledge," which called on billionaires to commit to giving at least half of their wealth to charitable organizations.

According to Forbes' real-time billionaire ranking, only four other executives have a higher net worth than Buffett: Amazon founder Bezos ($179.6 billion), Tesla CEO Musk ($165.1 billion), LVMH group director Arnault ($158.5 billion) and Microsoft cofounder Gates ($125.6 billion).

Facebook founder Mark Zuckerberg is in sixth place, with an estimated fortune of $96.7 billion.

Comments

Comments are closed.