While most investors are panicking over the current bloodbath and volatility seen in the stock market over the past few months, Billionaire investor Warren Buffet seems to be enjoying the current happenings and making the most out of it as his company, Berkshire Hathaway revealed its latest investment moves executed between Jan-March 2022. Spending over $51 billion on stocks, which is reportedly its biggest quarterly spending spree in recent times.

The famous billionaire, invested heavily in Chevron, Occidental Petroleum, and HP Inc. He has also acquired new stakes in Citigroup, Paramount Global, Ally Financial, insurer Markel, chemical maker Celanese Corp, pharmaceutical distributor McKesson Corand  and also picked up an additional of nearly 4 million Apple shares.

Last week, Warren Buffett reportedly earned a massive dividend of $208,738,745.03 from Apple after dividend was declared by the American Tech giant for last quarter (Jan – March 2022).

Additional acquisitions on Berkshire Hathaway’s shopping spree includes;  2 million General Motors shares to take the tally to 62 million shares of the automaker.

All these major purchases comes amid company’s cash reserve diminishing to $106 billion from $147 billion due to all of its stock purchases in the last quarter.

According to Forbes’s calculation, Buffet is currently worth $ 113.3 billion and he is ranked as the fifth-richest person in the world, having seen his net worth rise by over $1.5 billion on Tuesday as the Berkshire Hathaway shares increased by over 1%.

Featured image source: DW