Warren Buffett's company Berkshire Hathaway is nearing the milestone of holding $100bn in cash, as management wait for the right opportunities to put this money to work.
According to Bloomberg, the company's cash pile reached a record high of $99.7bn at the end of the second quarter. Buffett (pictured), CEO of Berkshire Hathaway which he has run for 50 years, said the high cash reserve was the result of fewer acquisitions recently. However, Bloomberg reports he has built up a stake in Apple, a real estate investment trust and a Canadian mortgage lender. Buffett jumps into second spot on the Forbes' 2017 Billionaire List The high cash position presents a problem, according to Bloomberg, as the firm does not pay a regular dividend nor does it b...
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