In his 59th letter to shareholders, Buffett said Berkshire has the largest GAAP net worth – the sum of the total shareholders’ equity in such person – to date in the US at $561trn.
The GAAP net worth for the other 499 S&P companies was $8.9trn in 2022.
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“By this measure, Berkshire now occupies nearly 6% of the universe in which it operates,” he said.
“Doubling our huge base is simply not possible within, say, a five-year period, particularly because we are highly averse to issuing shares (an act t…
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