357 Million USD: What Buffet Made In One Day on Bank of AmericaAugust 29, 2011 2:52 am
We spotted this today:
“Warren Buffett earned $357 million in paper profits on Thursday simply on warrants related to his $5 billion equity infusion into Bank of America. Not bad for a day’s work.
In exchange for the Buffett brand name and $5 billion, the Charlotte, N.C. financial institution granted Warren Buffett the option to buy up to 700 million of its shares any time in the next 10 years for $7.14. Yesterday those warrants would’ve reaped the Omaha investor a nine-figure profit.”
Statistics Source: CNN Money