FX.co ★ Buffett’s Berkshire posts record operating profit, proving to be his most successful investment of all time

Warren Buffett began his investment journey in 1962 when he purchased Berkshire Hathaway shares for $7.50 a piece. Today, Berkshire's stock is worth more than $460,000 each. The meteoric rise of this stock price mirrors Buffett's unparalleled success as an investor, earning him the title of The Oracle of Omaha. Ever since, the billionaire has lived up to his reputation as a legendary investor. Buffett was 11 years old when he bought his first stock in 1941. He and his sister purchased three shares of Cities Service Preferred at $38.25 each. Later, he sold them for $40, making a total profit of $5 minus commissions. Since then, Warren Buffett has been riding the wave of financial success. According to official reports, Berkshire Hathaway, the investment fund under his helm, witnessed a 6.65% surge in operating profit in the second quarter of 2023, hitting a record $10.04 billion. In the previous quarter, this value stood at $8.07 billion. The result was largely driven by profits from insurance underwriting which increased by 74% to $1.25 billion. For your reference, Warren Buffett is in the top 10 wealthiest people in the world, with a net worth of $118 billion and another $10.3 billion added since the beginning of the year.