"At the Berkshire Hathaway annual meeting, he said his company had $345 billion of cash on hand, and he was close to a $10 billion deal recently, but decided to drop it for unspecified reasons."
"Buffett's net worth has risen to $169 billion, up $26 billion this year, in part due to Berkshire Hathaway shares rising 19%, contrasting with the S&P's decline of almost 7%."
Warren Buffett announced he would step down as CEO of Berkshire Hathaway, a role he has held for over sixty years. Despite market fluctuations leading many investors to sell stocks, Buffett's net worth increased by $26 billion this year to $169 billion, owing primarily to a 19% rise in Berkshire Hathaway shares. His comments at the annual meeting revealed that the company has $345 billion in cash, and he has contemplated a $10 billion deal, though he later chose not to proceed. His diversified portfolio includes longstanding investments in major companies and remains robust amid market uncertainty.
Read at 24/7 Wall St.
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