Warren Buffett's Company’s Assets Hit Record Highs

Warren Buffett's company's cash assets hit record highs. Berkshire Hathaway's third quarter report has been released.

The cash assets of Berkshire Hathaway, the company of Warren Buffett, which is among the richest people in the world, reached a record level. In a statement on the subject, the company said that profitability decreased due to problems in the supply chain, shares were sold with the rise in some share prices, and cash assets broke a record. The company's cash assets reached a record high of $149.2 million at the end of September. In the third quarter, the company's operating profit was 5.48 billion dollars, an increase of 18 percent compared to the same quarter of the previous year. In the statement made, it was stated that since the third quarter of 2020, the sales and profitability of the companies within its structure increased due to high demand. Berkshire Hathaway did $7.6 billion in share repurchases in the third quarter, with a total of $20.2 billion in share repurchases in 9 months. The company also made a record share repurchase of $24.7 billion in 2020.