Buffett's Berkshire Hathaway profits increase 45% despite near-record cash pile

Lauren Mason
clock • 2 min read

‘Sage of Omaha' Warren Buffett's $173bn Berkshire Hathaway saw operating profits of $7.3bn during the final three months of 2021, despite sitting on an historically high cash pile of $146.7bn. The results, which were driven by strong returns from Buffett's utility holdings and BNSF Railway, mark a 45% uptick compared to the same time period during the previous year, although Buffett by his own admission has found "little that excites us" in terms of where to allocate the rest of his capital. In a letter to shareholders published on Saturday (26 February), Buffett said: "Alas, there wa...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?