Warren Buffett bet on Byd when no one else did it: 17 years later, he left with $ 7 billion in his pocket

Berkshire Hathaway has invested $ 230 million in Byd in 2008, when few believed in the future of electric cars; The 100% sale of its shares involved a profit of about 7 billion dollars and a great agitation in the markets.

For over 17 years, the investment company Berkshire Hathaway, led by Warren Buffett and its partner Charlie Munger, has maintained one of its most profitable bets in the automotive sector: Byd, manufacturer of Chinese electric vehicles.

According to Reuters, in recent months, the investor veteran has canceled his actions until he can sell them in full, as confirmed by the CNBC. The markets reacted, devaluing their shares of 3.4%.

Warren Buffett always wins

In 2008, when few investors were interested in the future of electric cars, Berkshire acquired 225 million shares from an unknown Chinese company called Byd for about $ 230 million (about $ 1.2 billion in the current price), the equivalent of 10% of the company.

Since then, the value of this investment has obtained over 4,500% by March 2024, confirming it only as one of the many US billionaire investment shots. With this long -term transaction, the investor veteran confirms his careful gaze to profitability, since the $ 230 million would have turned to around $ 7 billion (37.4 billion dollars), multiplying his investment by 30 in just 17 years.

The impact on the price of byd actions

However, not everything is good news on the release of Buffett da Byd. The news caused an immediate reaction in the markets: the value of byd’s shares decreased by 3.4% on the Hong Kong stock exchange, its largest drop in three weeks.

In the stock market, …

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Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.