Warren Buffett $600M Profit

Warren Buffett Could Soon be $600 Million Richer

Warren Buffett - The Oracle of Omaha - may be in line for a profit of $600 million if InBev’s takeover of Anheuser Busch is successful.

Berkshire Hathaway, of which Buffett is the CEO had around 35 million shares in AB on 31st March. At the low point the stake was worth around $100 million below the $1.7 bn that he paid for them, but if the $65 share bid is successful his stake would be worth $2.3 bn not a bad return on a 3 year investment.

Buffett is the main shareholder in Berkshire Hathaway, a company which he transformed from a maker of suit linings into a $200 bn company with activities ranging from making sweets to insurance. Berkshire made $13.2 bn last year and has a share portfolio worth $72.6 bn.

Buffett is ranked by Forbes magazine as the world’s richest person and is famous for investing in companies with a long-term competitive advantage, and holding them for years or even never selling them. In the long-term the stockmarket goes up so Buffett sees no need to lighten up if his investment decisions have prved to be sound. Berkshire Hathaway is the largest stockholder in Coca-Cola in which it made its first investment back in 1988.