Buffett’s 2,472,627% Return Fueled Berkshire Billionaire Families
Company’s growth has helped create at least seven billionaires
Warren Buffett during the Berkshire Hathaway Inc. annual shareholders meeting in 2016.
Photographer: Daniel Acker/Bloomberg
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Bill Child entered negotiations to sell his business to Warren Buffett armed with a crucial piece of advice: Try to get some Berkshire Hathaway Inc. stock as part of the deal.
“That was one of the best decisions I’ve ever made,” said Child, who sold R.C. Willey Home Furnishings for Berkshire shares in 1995, when the stock was trading around $24,000. Those shares would now be worth roughly $2.5 billion – or about a 14-fold increase – if the family hadn’t sold some of its stake, according to calculations by Bloomberg.