Record cash and cash equivalents
Photo: Nati Harnik/AP/TT

Record cash and cash equivalents at Warren Buffett's Berkshire Hathaway

The equivalent of just over SEK 3,661,000,000,000. That's how much cash Warren Buffett's investment company, Berkshire Hathaway, now has in its coffers.

After a slight decline at the end of last year, the company's cash and cash equivalents increased sharply in the first quarter to approximately $397 billion. This came after the company - the world's twelfth most valuable listed company - sold assets worth $8.1 billion.

The quarter is the first since Buffett himself handed the CEO position to Greg Abel.

Berkshire Hathaway is a conglomerate that owns around 40 subsidiaries in insurance, railroads, energy and retail. The company also owns large stakes in publicly traded companies such as Apple and Coca-Cola.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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