Billionaire Warren Buffett’s $1,300,000,000 Stock Bet Is Now Worth $37,000,000,000 and Pays Berkshire $848,000,000 a Year

Berkshire Hathaway now collects about $848 million a year in dividends from a Coca-Cola (KO) stake it bought for roughly $1.3 billion more than three decades ago. Warren Buffett built the position during a seven-year buying spree that ended in August 1994, and the 400 million Coca-Cola (KO) shares are now worth about $37 billion with the stock near $93, reports The Motley Fool. Berkshire still owned all of those shares at the end of June, according to its last quarterly filing. The yearly payout now equals about 65% of what Berkshire originally spent on the stake. In Berkshire’s 2022 shareholder letter, Buffett noted the annual Coca-Cola dividend had climbed from $75 million in 1994 to $704 million in 2022.

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