OMAHA — It’s a milestone Warren Buffett probably wishes he weren’t approaching. Berkshire Hathaway, the conglomerate he’s run for more than five decades, reported Friday that it held just shy of $100 billion in cash at the end of the second quarter, Bloomberg reported.
Berkshire Hathaway owns RV manufacturer Forest River which, itself, owns Coachmen, Dynamax, Palomino, Prime Time and Shasta.
While that figure highlights the staggering money-making ability of the businesses he’s collected over the years, it’s also a burden. Because Berkshire doesn’t pay a dividend and rarely buys back its own stock, Buffett is on the hook to find ways to invest those funds.
The full story is available at Bloomberg.