Buffett's Berkshire Hathaway cash pile hits record high

09:22 AM (Mecca time) Argaam
Warren Buffettheadquarter

Warren Buffett headquarter

Warren Buffett's Berkshire Hathaway's cash holdings rose to an all-time high of $347.7 billion by the end of the first quarter, indicating the investment group's caution amid uncertainty over tariffs.

 

In its statement, the company highlighted international trade policies and tariffs, emphasizing that significant uncertainty still surrounds the ultimate outcome of these events. Berkshire Hathaway Inc.’s operating earnings fell about 14% from a year earlier and its cash pile surged to a record $347.7 billion as the conglomerate struggled to put money to work amid tariff uncertainty.

 

Operating earnings at Berkshire, led by Chief Executive Officer Warren Buffett, dropped to $9.6 billion, the conglomerate said in a statement Saturday.

 

The company recorded net share sales of $1.5 billion in the first quarter as it seeks investment opportunities.

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