With a net worth of more than $77 billion according to Forbes, Warren Buffet no longer has to work.
The 87-year-old billionaire, who’s also known as the Oracle of Omaha, ought to be spending his days relaxing and enjoying the fruits of his many years of labor.
But Buffet remains deeply passionate about Berkshire Hathaway (NYSE:BRK-B) (NYSE:BRK-A), which he has built into one of the most successful multinational conglomerate holding companies and no. 2 in this year’s Fortune 500 List.
The Business Insider just recently featured the man who is one of the world’s most successful investors of all time.
He’s as human as every one of us, who loves McDonald’s, Coca Cola, and strawberry milkshakes. In fact, his diet is so much like that of a 6-year-old. The reason? Buffett told Fortune, “I checked the actuarial tables, and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old. It’s the safest course I can take.”
He also loves reading, spending 80% of his day doing just that. Before breakfast, he told CNBC, he reads The Wall Street Journal, Forbes, and USA Today. During the day, he would look over The New York Times, The Financial Times, The Omaha World-Herald, and American Banker.
The Berkshire chairman also loves playing bridge to unwind.
Another thing he enjoys is ukulele. He and Bon Jovi even had a duet once for charity.
Charity, that’s another one of Buffett’s greatest commitments in life. He has already given away more than $30 billion for philanthropic intents.
Buffett has also rubbed his good fortune on Apple (NASDAQ:AAPL).
His 2016 investment in the tech giant has influenced the growth of Apple stock, currently up by almost 70% since the middle of the first quarter of last year.
With his long position of 9.8 million shares acquired at that time, the spike has already brought Berkshire billions in profit.
But despite the stock’s sharp rise, selling Cupertino’s shares has remained the last thing on Buffett’s mind.
In fact, in the second quarter of 2016 Buffett added another 5.42 million shares to his position, paying between $90 and $112 per share.
By the end of 2016, Berkshire already had 61.2 million shares in Apple which were bought at $106 and $118, respectively.
Then, as early as the first quarter of 2017, Berkshire loaded more on Apple stock, paying between $116 and $122 per share thus bringing their current total AAPL stock holding to 130 million shares.
With Apple’s current price-per-share printing the tape at around $165 a share, Buffett has already raked in $7 billion from his massive long Apple bet. Yet, he does not seem to have any intention on selling any shares anytime soon.
In fact, he may even be buying more Apple stock based on his response to a question during an interview with CNBC.
“Well I don’t think I’ll tell you that much, but I certainly was buying last quarter and I don’t pay attention to the calendar when I’m buying,” Buffett was quoted as saying.
During the interview, the billionaire investor also imparted his optimism with regard to Apple and some misgivings over IBM, saying: “I still don’t know that much about [IBM’s] future, but I feel more certain about the future as I look at a company like Apple than when I look at IBM now.”
Yes, it does seem the future looks brighter for Apple which is set to launch iPhone 8 this month — something many people have been looking forward with deep excitement as well.
Buffett’s bullish comments about Apple come just as the tech giant’s stock hit a new all-time high of nearly $165 a share. The stock has gained more than 48 points year-to-date and 58 points year-over-year.
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