US businessman Warren Buffet, who is the Chairman and CEO of Berkshire Hathaway, joined the other business executives including Jeff Bezos, Elon Musk, Bernard Arnault and Bill Gates to surpass net worth of $100 billion, as per the media reports.
Buffett’s company Berkshire Hathaway’s share price touched a record level high on Wednesday, pushing his fortune to $100.3 billion- it is the first time his net worth crossed more than $100 billion, according to reports from Forbes.
90-year-old Buffett, who is also know as “Oracle of Omaha” is one of the most known, successful and respected businessman of all time. Although, his fortune never touched such a peak, with a lot of investors betting on the technology sector.
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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.
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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.