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Warren Buffett's Berkshire unveils $861 million Amazon stake

Updated : May 16, 2019 10:09 AM IST

Buffett told CNBC this month that the 483,300 share Amazon investment, which would now be worth $904 million, was made by Combs or Weschler, and that he had been "an idiot" for not investing in Amazon himself.
The investment tightens the relationship between Buffett and fellow billionaire Bezos, whose companies teamed up last year with JPMorgan Chase & Co to create a venture, Haven, to reduce their employees' healthcare costs.
Berkshire also invests in JPMorgan and boosted its holdings in the largest US bank by 19 percent in the first quarter to 59.5 million shares, worth $6.02 billion.
Warren Buffett's Berkshire unveils $861 million Amazon stake

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