Billionaire Warren Buffett Bets $196,700,000,000 on Several Assets As Oracle of Omaha Prepares To Step Down - The Daily Hodl

Billionaire Warren Buffett has allocated $196.7 billion to a small group of assets ahead of his departure from Berkshire Hathaway.

Buffett, who plans on ending his legendary 60 year tenure at the end of 2025, has placed more than 70% of the firm’s assets into just seven stocks.

The stocks reflect Buffett’s time-tested method of handpicking assets for their resilience and consumer appeal – while Berkshire continues to hoard a staggering $347.7 billion in cash.

Here’s a look at where the Oracle of Omaha is placing his bets before the curtains on his legendary career close.

• Apple ($58.9 billion allocated): Apple remains Berkshire’s top holding, although Buffett has sold more than half of the firm’s stake in the tech giant since 2023.

• American Express ($43.6 billion allocated): A bet on the financial giant’s premium customer base and payment network.

• Coca-Cola ($28.4 billion allocated): A longtime Buffett favorite with global brand recognition and consistent dividends.

• Bank of America ($27.8 billion allocated): A top holding despite Buffett significantly trimming his stake and reducing bank investments overall.

• Chevron ($17.3 billion allocated): An energy giant offering strong dividends, aligning with Buffett’s love for reliable cash flows.

• Occidental Petroleum ($12.3 billion allocated): Buffett’s longstanding bet on energy continues with this oil and gas leader.

• Kraft Heinz ($8.4 billion allocated): Another consumer goods giant and longtime Buffett favorite.

Buffett has selected Greg Abel to be his successor next year, entrusting him to continue Berkshire’s legacy of prudent investing and long-term value creation.

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