The company that invested in Nubank has a market capitalization of $700 billion

In June of last year, nubank announce it Berkshire Hathaway, the investment firm of billionaire Warren Buffet It was investing in fintech and that the amount invested will be used to expand Nubank.

After six months of investing, Berkshire Hathaway shares are up 30%, slightly outpacing the 27% gain in the benchmark S&P 500 Index.

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Shares in Warren Buffett’s billionaire investment group, Berkshire Hathaway, continued their significant growth in the new year, taking the company’s market value to a new high of more than $700 billion – and putting it at an estimated value of $1 trillion.

With this branding, Berkshire could now be well on its way to becoming the next trillion-dollar company, joining the likes of Apple ($2.84 trillion), Microsoft ($2.37 trillion), Amazon ($1.66 trillion), and Tesla (worth $1.07 trillion). dollar).

According to Forbes magazine, Warren Buffet is the eighth richest person in the world, with an estimated net worth of $114 billion. It is worth noting that Buffett pledged to donate most of his fortune to charity.

Invest the buffet in Nubank

On June 8, 2021, Nubank announced the millionaire investment that Buffett, through his company, Berkshire Hathaway, will make. financial technology. The investment was 500 million dollars.

In a note, the fintech company celebrated and explained that this investment “first, will help to further expand the product offering, introduce new solutions to the portfolio, but also maintain the accelerated pace of growth in terms of market penetration, for example, in the investment sector.”

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