On November 6, 2024, Warren Buffett, often referred to as the “Oracle of Omaha,” saw his wealth increase by more than $8 billion in just one day, driven by the strong performance of his top three holdings: Apple Inc., Bank of America, and American Express. Here’s a breakdown of the gains:
- Apple Inc.
- Buffett holds 400 million shares of Apple.
- The stock rose by 1.2%, from $223.45 on November 5 to $226.06 on November 6.
- This resulted in a gain of $1.044 billion in a single day.
- Bank of America
- Buffett owns over 1 billion shares of Bank of America.
- The stock surged by 8.76%, from $41.88 to $45.55.
- His gain from this rise amounted to $3.79 billion in one day.
- American Express
- He holds around 151 million shares of American Express.
- The stock rose by 7.6%, from $275.94 to $296.83.
- This resulted in a gain of $3.167 billion in a single day.
In total, these three stocks alone contributed over $8 billion to Buffett’s wealth on November 6, 2024. This massive gain highlights the bullish sentiment in the markets following Donald Trump’s victory in the U.S. presidential election. The broader market rally drove substantial gains for many prominent investors, including Buffett, whose portfolio is heavily weighted in these top stocks.
Disclaimer; This content is for informational purposes only and does not constitute financial or investment advice. Please consult with a professional advisor before making any investment decisions.
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