MediumPositive
Announced Thu, 16 Jul · 16:38 IST
Larry Page, Sergey Brin get $15 billion richer as Warren Buffett says Alphabet bet was his call
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Warren Buffett said he personally led Berkshire Hathaway's investment in Alphabet, contradicting suggestions it was successor Greg Abel's call, and acknowledged he made a mistake by not buying earlier. Alphabet shares rose nearly 4% on Wednesday, lifting 2026 gains past 17% and adding $8 billion to Larry Page's net worth and over $7 billion to Sergey Brin's. Berkshire held $16.6 billion in Alphabet shares as of March 31, making it one of its top five common stock holdings.