Markets

Warren Buffett Makes More Than $120 Billion on Apple’s $3 Trillion Milestone: ‘It’s Probably the Best Business I Know in the World’

Warren Buffett Makes More Than $120 Billion on Apple’s $3 Trillion Milestone: ‘It’s Probably the Best Business I Know in the World’
Warren Buffett, chairman of the board and CEO of Berkshire Hathaway, speaks in Gaston Hall at Georgetown University in Wash., on Sept. 19, 2013. Drew Angerer/Getty Images
Entrepreneur
|Updated:
By Amanda Breen
Billionaire investor Warren Buffett’s big bet on Apple has paid off in a major way, making more than $120 billion on paper as the tech giant reached a milestone $3 trillion market valuation this week, CNBC reports.

Berkshire Hathaway started purchasing Apple stock in 2016, and by mid-2018, the conglomerate had amassed 5 percent of the company—a stake that cost $36 billion. In 2022, that Apple investment is worth a whopping $160 billion. The iPhone maker also rewards its investors with dividends, and Berkshire has received regular payouts averaging $775 million per year.

Entrepreneur
Entrepreneur
Author
Empowering People in the Business of Changing the World | Entrepreneur® is dedicated to fueling the world’s visionary leaders compelled to make a difference through their innovative ideas, businesses, and points of view.
facebook
Related Topics