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- Warren buffet’s berkshire hathaway cash pile soared to a record $ 334.2bn at the end of last year
New Delhi4 minutes ago
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Operating income has increased by 71% in the fourth quarter of US billionaire and investor Warren Buffett company Berkshire Hathaway INC. The investment income of the group has increased due to high interest rates. The company’s insurance business has also improved.
Also, the cash stock of Warren Buffet has increased in the 10th quarter of the 10th quarter to 334.2 billion dollars i.e. Rs 28.95 lakh crore in the last 10th quarter. Buffette company sold shares of $ 6.7 billion (Rs 58,054 crore) value in the fourth quarter.
Berkshire’s operating income was ₹ 1.25 lakh crore by December
The group said in a statement on Saturday that in three months by December, Berkshire’s operating income increased to $ 14.53 billion, or Rs 1.25 lakh crore. This growth in operating income has been due to an increase of 48% in insurance investment income between high interest rates. The company’s insurance investment income has been $ 4.1 billion.
Company’s operating profit increased by 27% to ₹ 4.11 lakh crore in 2024
At the same time, the company’s operating profit increased by 27% to $ 47.44 billion or 4.11 lakh crore rupees, which was $ 37.35 billion (Rs 3.23 lakh crore) a year ago. The fourth quarter operating profit has also set a record. It rose 71% to $ 14.53 billion (Rs 1.25 lakh crore), which was $ 8.48 billion (Rs 73,478 crore) a year ago.
The company’s net income total in 2024 was Rs 7.71 lakh crore
Net income total in the company’s quarter was $ 19.69 billion, or Rs 1.70 lakh crore. At the same time, the value of Berkshire’s share in the shares of Apple, American Express and other companies has also increased. In 2024, the company’s net income total was 89 billion dollars (Rs 7.71 lakh crore). At the same time, the operating income of the company’s insurance underwriting business increased to $ 3.4 billion (Rs 29,460 crore).
Geico was a man contributor in Berkshire’s Insurance Results. Whose pre-tax underwriting income grew more than doubled in 2024 to $ 7.8 billion (Rs 67,586 crore). Berkshire said that he is expected to have a pre-tax loss of $ 1.3 billion (Rs 11,264 crore) from wildfire in several parts of Los Angeles last month.
Warren Buffet is the world’s 7th richest
According to Forbes’ real -time Billionaire List, Warren Buffet is the 7th richest person in the world with a net worth of Rs 13.03 lakh crore. Buffett is 94 years old and one of the largest investors in the world. In the list of rich, Tesla’s owner Ilyon Musk is at the top with a net worth of Rs 34.07 lakh crore.