Billionaire Warren Buffett’s $1,300,000,000 Stock Bet Is Now Worth $37,000,000,000 and Pays Berkshire $848,000,000 a Year
Photo: The Daily Hodl
Berkshire Hathaway now collects about $848 million a year in dividends from a Coca-Cola (KO) stake it bought for roughly $1.3 billion more than three decades ago. Warren Buffett built the position during a seven-year buying spree that ended in August 1994, and the 400 million Coca-Cola (KO) shares are now worth about $37 billion with the stock near $93, reports The Motley Fool. Berkshire still owned all of those shares at the end of June, according to its last quarterly filing. The yearly payout now equals about 65% of what Berkshire originally spent on the stake.
Source: The Daily Hodl
