U.S. Markets closed

Warren Buffett, Berkshire Hathaway Reveal Amazon Stake Worth Nearly $1 Billion

Martin Baccardax

revealed its first investment in online giant Amazon Inc. Berkshire Hathaway owned 483,300 shares in Amazon as of March 31, the investment group said in a regular filing with the Securities and Exchange Commission, a stake that is now worth over $920 million based on last night's closing price of $1,871.15 per share. Buffett told CNBC earlier this month of the stake purchase, his group's first investment in Amazon, while chiding himself as an "idiot" for not buying it sooner.