Record profits for Super investor Buffett

Record profits for Super investor Buffett

World February 27, 2016 14:56

omaha - Berkshire Hathaway, the investment company of billionaire and renowned investor Warren Buffett, has closed 2015 with a record profit of more than $ 24 billion (the equivalent of 22 billion euros). That means an increase of a fifth compared with the previous year, made the 85-year-old Buffett Saturday announced in a letter to its shareholders.

In the fourth quarter, the company held a bottom line profit of $ 5.5 billion, almost a third more than the year before in the same period.

Buffett is already more than fifty years at the top in Berkshire. He made a large business empire, with interests in more than eighty major corporations including insurance companies, banks, retailers, utilities, General Electric, Heinz and the railway company Burlington Northern Santa Fe (BNSF). Buffett also is in Coca-Cola, IBM and American Express.

Leave a comment

The HOTRECENTNEWS.com is not responsible for the content of external sites.

SEARCH

Back to Top