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US$200,000 a share: Warren Buffett's Berkshire hits a record-high

Published on Aug 15, 2014 1:59 AM
 
Chairman of Berkshire Hathaway Warren Buffett arrives for a conference on July 8, 2014 in Sun Valley, Idaho. The company's long-term gains have made Mr Buffett the world's third wealthiest man, his fortune worth US$65.9 billion (S$82 billion), according to Forbes magazine. -- PHOTO: AFP

NEW YORK (AFP) - Shares in US investment star Warren Buffett's Berkshire Hathaway group topped US$200,000 apiece for the first time on Thursday, less than eight years after breaking the US$100,000 barrier.

Already the priciest on US markets, Berkshire shares got even more expensive for investors in a 7.5 per cent climb since the company announced record quarterly earnings at the start of August.

In midday trade, Berkshire A shares were up US$2,495.64, or 1.3 per cent, to US$202,104.64.

Mr Buffett has become a legend for the performance of Berkshire, which has a large number of majority and minority investments in everything from small jewellery and furniture retailers to insurance giants Geico and General Re, chemicals group Lubrizol, Coca-Cola, IBM, American Express, Wells Fargo Bank and dozens of others.

 
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