NEW YORK, March 16 (UPI) -- Multibillionaire U.S. investor Warren Buffett was paid $100,000 in 2012 for his work at his holding company, Berkshire Hathaway Inc., a proxy filing said.
Buffett, who purchased the failing textile mill Berkshire Hathaway four decades ago and turned it into an expansive investment conglomerate that, among other investments, runs a railroad and owns Dairy Queen stores and paint company Benjamin Moore, did not ask for a raise this year, the proxy filing said.
Buffett, the chairman and chief executive officer of Berkshire Hathaway and the fourth from the top on Forbes Magazine's list of the richest people in the world, did not "expect or desire," a raise this year, the company said.
He even paid Berkshire Hathaway $50,000 out of his own pocket last year for personal expenses such as stamps and other office items, The Wall Street Journal reported Saturday.
The bulk of Buffett's personal fortune comes from his personal investment portfolio, the Journal said. His salary at Berkshire Hathaway has not changed in decades.
Buffett is currently worth $53.5 billion, Forbes estimates.
|Additional Business News Stories|
SAN ANTONIO, May 20 (UPI) --BP has take "a significant step" toward selling a California oil refinery and regional retail networks to Tesoro Corp. after getting U.S. federal approval.
WASHINGTON, May 20 (UPI) --Commercial space activities may soon utilize a NASA launch pad at the Kennedy Space Center in Florida that was designed for the Apollo space program.