Warren Buffett plans to step down as CEO of Berkshire Hathaway at the end of 2023 but will remain as chairman. Berkshire, with a portfolio valued at $282 billion, is projected to earn $1.6 billion in dividends this year from its top three holdings: Apple, American Express, and Coca-Cola.
Berkshire holds 300 million shares of Apple, expecting $309 million in dividends; 151.6 million shares of American Express are set to yield $479 million; and its 400 million shares of Coca-Cola could generate $816 million this year, bringing total projected dividends to $1.6 billion.
Buffett’s investment strategy has proven successful, with a $1,000 investment in Berkshire in 1965 now worth $44.7 million by the end of 2024, vastly outperforming a similar investment in the S&P 500, which would be valued at $342,906.
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