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The number of Berkshire Hathaway shares held by Warren Buffett are roughly as follows: [1] [2] Class A — 250,000 shares out of 640,000 shares outstandi
by divbzero 5y ago
The number of Berkshire Hathaway shares held by Warren Buffett are roughly as follows: [1] [2]
Class A — 250,000 shares out of 640,000 shares outstanding
Class B — 10,000 shares out of 1,330,000,000 shares outstanding
Class A shares have 10,000 times the voting power of Class B shares, so Warren Buffett controls just under 33% of voting power overall.
If Warren Buffett had abstained, the climate report measure would have still been defeated by the remaining votes against.
[1]: https://www.investopedia.com/articles/company-insights/082916/top-5-shareholders-berkshire-hathaway-brka-brkb.asp https://www.investopedia.com/articles/company-insights/08291...
[2]: https://www.berkshirehathaway.com/2020ar/202010-k.pdf https://www.berkshirehathaway.com/2020ar/202010-k.pdf
- chrisbolt 5y agoClass A shares are also 1500x more expensive than Class B shares. Puts the shares outstanding into a bit more context.