Berkshire Hathaway Inc. (NYSE:BRK-A), Apple Inc. (NASDAQ:AAPL) – Warren Buffett Moves Up The Top 10 Billionaires List As Berkshire Hathaway Hits All-Time Highs

witnessed last year Tesla Corporation (NASDAQ: TSLA) Chief Executive Officer Elon Musk Climb the Bloomberg Billionaires Index with Rising Ratings for Tesla and SpaceX. As early as 2022, only one name in the top ten has positive rating gains.

What happened: Legendary investor and Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) Chief Executive Officer Warren Buffett She ranked eighth on the list of billionaires as of Friday.

With a net worth of $116 billion, Buffett passed Microsoft Corporation (NASDAQ: MSFT) Co-founder Steve Ballmer Last week, it now ranks ninth at $112 billion.

Year-to-date, Buffett’s fortune has increased by $6.9 billion. Buffett is the only name in the top ten to make positive gains in 2022.

In 2021, Musk significantly advanced on the list and continued at number one with a fortune of 263 billion dollars, far exceeding the second place. Jeff Bezos, Founder Amazon.com Inc (NASDAQ:AMZN), with $188 billion.

Related link: Warren Buffett’s Berkshire Hathaway prints all-new heights

Why is it important: Berkshire Hathaway shares hit all-time highs on Friday. Shares A traded as high as $480,887.99 before closing the week at $480,000.10.

Berkshire shares are up 7% in the past week and up 12% in the last month.

While Berkshire Hathaway has lagged many high-growth technology stocks over the years, the stock is now back in favour.

Investors are turning to high-value stocks on high-growth names in early 2022. Berkshire Hathaway has long been considered one of the best-valued stocks, with many insurers and consumer brands owned by it.

Berkshire Hathaway also owns a significant stake in Apple company (NASDAQ: AAPL), giving it exposure to the high-growth technology sector as well.

Previously top of the billionaire list, Buffett may now make his way back up the list if valuable stocks and Apple do well in 2022. Next on the list that Buffett has on hand is Alphabet Corporation (NASDAQ: GOOG) (NASDAQ: GOOGL) Co-Founder Sergey BrinHe is ranked seventh with a fortune of $118 billion.

Photo: Courtesy of Fortune Live Media on Flickr

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Leave a Comment