Warren Buffet makes $611 Million on Thursday after announcing purchase of private jets for Berkshire Hathaway

Warren Buffet might have lost the first position in the roster of the richest people in the world but the market still adores him for his business acumen. The 81-year-old made $611 Million in Thursday’s stock trading.

The Oracle of Omaha made a series of announcements on Thursday and public cherished the news. Buffet announced the ordering of private jets for Berkshire Hathaway, worth in tune of $9.6 Billion. Moreover, he announced charity of $3.5 Million and services to ResCap, the mortgage unit of Ally Financial, as stalking-horse bidder.

Closely following the suit was Mark Zuckerberg, who after a while received a good news that included dollars in it. On Thursday, Facebook stock spiked 3.7 percent, $1.02, above the closing price on Wednesday, giving the CEO a boost of around half a billion dollars.

Soon after returning back from Geneva, Switzerland, Carlos Slim Helu, the richest man in the world, received good news. His net worth took in $250 Million in a single stride as America Movil’s shares rose in the stock market. Slim has a major stack in America Movil, Latin America’s largest cellular carrier.

Among the losers on the day, Phil Knight lost the most. The CEO of Nike, sports gear company, lost $2.20 per share after breaking the news that it will soon be selling off Cole Haan and Umbro divisions. Knight lost $205 Million due to his majority stack in the company.

Larry Ellison of Oracle was second loser of the day. The enterprise software developers released a news bulletin, intimating the IT departments working on Oracle E-Business suite to halt the updates to the software. The ERP is having incompatibility issues with Windows platform. Ellison lost $111 Million in the aftermaths of the news.

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Posted by Usman Khalid on Jun 15 2012. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.