Here’s why billionaire Warren Buffett’s net worth is surging

Warren Buffett – chair and CEO of the giant conglomerate Berkshire Hathaway Inc (NYSE: BRK.A) (NYSE: BRK.B) has been known for decades as one of the world’s richest people. He even spent quite a stint as the richest person in the world some years ago.

In recent years, Buffett has been taken over in net worth terms by some of the younger tech investors we have all come to know, such as Amazon.com Inc (NASDAQ: AMZN) founder Jeff Bezos.

But Buffett is far from a spent force – in fact, his wealth is on the move up again. According to a report from the Australian Financial Review (AFR) today, Mr Buffett’s fortune has surged above the US$100 billion mark in recent weeks.

The primary catalyst for this move is the share price of…