Warren Buffett's net worth reaches $100 billion

CATHERINE THORBECKE
·1 min read

Investing legend Warren Buffett has officially joined the exclusive $100 billion club.

The net worth of Buffett, 90, reached $100 billion as of Wednesday, according to data from Bloomberg's Billionaires Index.

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Buffett's wealth is largely tied to Berkshire Hathaway stock, which closed at an all-time high on Wednesday.

PHOTO: Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., speaks in Washington, D.C., Feb. 13, 2018. (Andrew Harrer/Bloomberg via Getty Images, FILE)
PHOTO: Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., speaks in Washington, D.C., Feb. 13, 2018. (Andrew Harrer/Bloomberg via Getty Images, FILE)

He joins just five other people in the world whose wealth tops $100 billion: Jeff Bezos, Elon Musk, Bill Gates, Bernard Arnault and Mark Zuckerberg.

The wealth of the ultra-elite is more closely linked to the stock market, which has soared to new heights during the pandemic.

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Buffett's entry into the $100 billion club also comes as the pandemic has put income inequality at the fore of heated debates on Capitol Hill, and a handful of Democratic lawmakers are renewing their push for a tax on the "ultra rich."

Warren Buffett's net worth reaches $100 billion originally appeared on abcnews.go.com