Omaha, Nebraska – Billionaire investor Warren Buffett don praise Apple CEO Tim Cook for im leadership and di big financial gains wey di tech titan don bring come Buffett’s company, Berkshire Hathaway.
For Berkshire Hathaway’s annual meeting wey happen on May 5, Buffett show admiration for Cook’s work, as Business Insider report dis matter. “I’m somewhat embarrassed to say that Tim Cook has made Berkshire a lot more money than I’ve ever made [for] Berkshire Hathaway,” he talk.
Buffett no stop there, im compare Cook with Apple’s iconic co-founder, Steve Jobs. “I knew Steve Jobs briefly, and Steve, of course, did things that nobody else could have done in developing Apple,” Buffett remember. “Steve picked Tim to succeed him, and he really made the right decision,” he add.
“Nobody but Steve could have created Apple, but nobody but Tim could have developed it as he has. So on behalf of all of Berkshire, thank you, Tim,” Buffett conclude.
As of the end of 2023, Berkshire’s investment in Apple don grow from $35 billion wey dem invest between 2016 and 2018 to $173 billion. But for di first nine months of 2024, Berkshire reduce dem stake by selling about 67% of their Apple shares.
Buffett, wey get plans to step down from im CEO role for Berkshire Hathaway by di end of 2025, don make billions from im investments inside Apple. Dis big move wey Berkshire make to invest in Apple show say Buffett fit change im mind which has historically show reluctance to invest in tech companies. He see Apple no just as tech company, but as consumer goods company, according to Fortune.
Cook, wey don take over as CEO of Apple since 2011, get more than 3 million shares of di company, wey dey represent less than 1% of di total shares. According to Forbes, as of May 6, 2025, Cook’s net worth dey estimated at US$2.4 billion.
Buffett don pledge to donate more than 99% of im wealth. To date, e don donate about $62 billion, mainly through di Gates Foundation and other charitable efforts. In 2010, Buffett and Bill Gates urge other billionaires make dem commit to donating at least half of their wealth to charitable causes.
