A video is being shared widely on social media with a claim that Warren Buffett earns 1500 crore dollars annually from his investments in Google’s shares which is much more than what Sundar Pichai earns as CEO of Google. Let’s fact-check the claim made in the post.
Claim: Warren Buffett earns 1500 crore dollars annually from his investments in Google’s shares.
Fact: There are multiple news reports on the internet about Warren Buffett’s regret of not investing early in Google. Also, there is no evidence of Warren Buffett investing heavily in Google and earning 1500 crore dollars annually. Hence the claim made in the post is FALSE.
When we searched on the internet regarding Warren Buffett’s investment in Google’s shares, many news articles were found in the search results. In the ‘Markets Insider’ article, it can be read that – “Warren Buffett considered investing in Google but decided against it, meaning Berkshire Hathaway shareholders haven’t seen a dime from the tech titan’s breathless rise to a $1 trillion market capitalization”. Warren Buffett is the Chairman and CEO of Berkshire Hathaway.
Warren Buffett’s comments about him getting late into technology investments can be seen in the ‘CNBC’ video posted in 2017. The investments of ‘Berkshire Hathaway Inc.’ can be seen in its annual report here. The annual report does not mention any shares in Google or parent company Alphabet.
The income from shares is dependent on multiple factors. Just because someone has invested in some company’s shares, he will not receive income from them. The dividend one gets from a shares of a company is declared by the board of directors of the company. Hence, there is no basis for the 1500 crore figure mentioned in the viral video.
To sum it up, multiple news agencies have reported that Warren Buffett regrets not investing early in Google.
