More cash than market cap of Mukesh Ambani’s Reliance, four times more tax than Gautam Adani, the company is…., its owner is…
GH News February 26, 2025 12:06 AM
Billionaire Gautam Adani’s Adani Group paid Rs. 58104 crore in taxes to the Indian government in the last financial year. However legendary American investor Warren Buffett’s company Berkshire Hathaway paid nearly four times that amount. In 2024 Berkshire Hathaway paid USD 26.8 billion in taxes which is approximately Rs. 2.32 lakh crore. Berkshire Hathaway is the 9th largest company in the world by market capitalization valued at USD 1.03 trillion. Warren Buffett himself ranks 9th among the world’s richest people with a net worth of USD 150 billion which has grown by USD 7.97 billion this year. The company holds USD 334 billion in cash which is more than the market value of Indias most valuable company Reliance Industries. Mukesh Ambani’s Reliance Industries with a market cap of USD 189.89 billion is ranked 77th among the worlds most valuable companies and is the only Indian company in the global top 100. In the last quarter Berkshire Hathaways cash reserves surged by USD 145.2 billion. Interestingly it holds USD 286.5 billion in U.S. Treasury bills which is USD 91.2 billion more than the U.S. Federal Reserve’s holdings of USD 195.3 billion. This means Buffett’s company has more Treasury bills than even the U.S. central bank! How much return has Berkshire Hathaway given? Berkshire Hathaways current cash reserves are bigger than the market value of major companies like Coca-Cola. In the last quarter the company recorded its highest-ever cash balance but did not conduct any stock buybacks. Interestingly Berkshire has started buying Apple shares again reaffirming that Apple will likely remain its largest investment unless there is a major shift in the market. Since 1964 Berkshire Hathaway has delivered an impressive 5502 per cent return while the S&P 500 has surged by 39054 per cent in the same period. This means that Berkshire has provided an average annual return of 19.9 per cent. Currently more than 27 per cent of the company’s total assets are held in cash.
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