In his 60th annual letter to shareholders released Saturday, the folksy Buffett bragged about footing a record $26.8 billion tax bill.

Berkshire was holding $334.2 billion in cash, equivalents, and short-term investments at the end of 2024, which is a $9 billion increase compared with the end of the third quarter. Most of this is invested in short-term Treasury securities, from which Berkshire is receiving more than $10 billion in annual interest income.