Berkshire Hathaway's operating profit exceeded 10 billion US dollars for the first time, and Buffett surpassed Gates to become the fifth richest person in the world.
Thank you CTOnews.com netizen Mr. Aviation for the clue delivery! CTOnews.com August 8 news, Berkshire Hathaway (Berkshire Hathaway) on Saturday announced the second quarter of 2023 earnings results, Operating profit for the first time exceeded the 10 billion mark, To 10.04 billion US dollars (Currently about 72.188 billion yuan). As a result, the company's shares jumped 3.41% on Monday.
Berkshire Hathaway's second-quarter operating profit was $10.04 billion (currently about Rmb72.188 billion), far exceeding market expectations of $8.04 billion, up 6.6% from $9.42 billion a year earlier and 24% from $8.07 billion in the previous quarter.
Berkshire Hathaway's net income also rose to $35.9 billion, reflecting unrealized gains on investments such as Apple, and its stock rose 17.6% in the quarter. Berkshire owned $177.6 billion in Apple stock at the end of June.
Berkshire's Class A shares rose $18320 Monday to $551920, giving Berkshire a market cap of about $799 billion.
Buffett owns 15% of Berkshire. On Monday, he surpassed Microsoft co-founder Bill Gates to become the world's fifth-richest man with a fortune of $121.5 billion, Forbes magazine reported.
