As a result, Warren E. Buffett's net worth topped $70 billion. Berkshire Hathaway's biggest holdings include Wells Fargo, IBM, American Express, U.S. Bancorp, Goldman Sachs, US Corp. and General Motors.
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A strong opponent of Trump's controversial policies on overseas trade and NAFTA, Buffett made little secret of his dislike for the real estate tycoon. (Trump won Buffett's home-state Nebraska.) Shares of BerKshire were roughly flat Tuesday.
So far, equity markets have reacted favorably to Trump's election, despite concerns during the election about some of his positions.
Goldman Sachs, in which Berkshire held 10,959,519 shares as per CNBC data, sprinted nearly 16% in the past 5 days. Wells Fargo made huge gains, as well. American Express also saw solid growth over the same period.
Berkshire Hathaway reported higher third quarter operating earnings and revenues.
To be sure, the company also reported 24% lower net income year-over-year (Y/Y), a result of lower investment gains over the quarter.
But the recent market upswing helped the stock recover some of its losses.
Moreover, planned moves by the Trump administration should bolster Berkshire.