Warren Buffett Has Cash Worth $188 Billion, Wants To Spend It on This

Ace investor Warren Buffett’s investment arm Berkshire Hathaway has cash in US dollars worth $188 billion. Though the amount looks and sounds big, it is considerably smaller compared to the $1.069 trillion worth of assets the firm currently holds. In equities alone, Berkshire Hathaway holds $567.5 billion and the numbers are only growing each year.

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Apart from cash, Warren Buffett will earn nearly $6 billion from dividends alone this year in 2024. The latest data shows that Warren Buffett’s top three dividends will come from the US companies:

1. Chevron (NYSE: CVX) – $820 million

2. Coca-Cola (NYSE: KO) – $775 million

3. Kraft Heinz (NYSE: KHC) – $325.6 million

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What Will Warren Buffett Do With His $188 Billion in Cash?

While dividends and equity returns are reinvested, Warren Buffett is sitting on a large pile of cash worth $188 Billion. The billions are not being invested anywhere and are lying idle in reserves in 2024. Read here to know the book that made Warren Buffett make his first million nearly five decades ago.

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When questioned about what he plans to do with the cash, Warren Buffet quipped that he has no idea what to do with it. Not just him, he also stated that the other advisors and board members don’t know how to use it effectively. “I don’t think anybody sitting at this table has any idea of how to use it effectively. And therefore, we don’t use it. We only swing at pitches we like,” he said.

Therefore, Warren Buffet confirmed that the $188 billion in cash would remain idle and would only be used when he or the board liked a pitch they found lucrative. Until then, the billions worth of cash will be unused and kept in reserves in the hopes of a better pitch.