Warren Buffett Makes More Than $120 Billion on Apple's $3 Trillion Milestone: 'It's Probably the Best Business I Know in the World'

Apple has made more than $120 billion on paper as a result of Warren Buffet's big bet on the company, CNBC reports.

The investment in Apple by the conglomerate is worth over $150 billion by the year 2022. Regular payouts for investors of $775 million per year have been received by the company.
Historically, the "Oracle of Omaha" has been wary of heavy-hitting tech stocks, but that has changed in recent years, despite Apple's clear and sustained growth. According to InsiderScore.com calculations, Apple's stake in the company is more than 40% of the equity portfolio, making it one of the largest businesses in the company.
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In an interview with CNBC in February 2020, he said that Apple is probably the best business in the world. I don't think of Apple as a stock. I think of it as our third business.

In 2020, the conglomerate sold off some of its holdings and came away with $11 billion, which is a bit of an Apple investment profit.

Apple's continuous buys have helped sustain its growth and increased the stake of Warren Buffet. Despite that sale in 2020, Berkshire now owns 4.8% of Apple. The increase was free to us because Apple has continuously bought back its shares, which has shrunk the number of outstanding shares.

Warren Buffett will be his successor once he leaves.

The conglomerate emerged from Covid-19's damaging impact on its insurance- and energy-business mainstays because of its significant investment in Apple.
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An editorial assistant is at Entrepreneur.com. She was a news fellow for the School of the Arts at Columbia University during the 2020-2021 academic year, after completing her masters degree in writing.