Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk expressed surprise after Warren Buffett revealed that Berkshire Hathaway, Inc.'s (NYSE:BRK) (NYSE:BRK) cash pile stands at $189 billion.
What Happened: Musk was left astonished at just how much cash Berkshire Hathaway has on its books, after the Omaha-based investment conglomerate offloaded stocks during the first quarter of 2024.
According to Berkshire Hathaway's filings, the company pared its investments by $20 billion during the first three months of 2024 and bought $2.7 billion worth of stocks during this period.
As a result, its net inflow from this activity stood at $17.3 billion, boosting its cash pile to a record $189 billion.
Musk’s current wealth currently stands at $192 billion, making him the third richest person in the world, according to the Bloomberg Billionaires Index.