‘High on Coke’: Elon Musk stunned by Berkshire’s dividend payout. Learn how to build your own passive income stream now
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Tesla CEO Elon Musk is no stranger to eye-popping sums of money. After all, he currently holds the …
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Tesla CEO Elon Musk is no stranger to eye-popping sums of money. After all, he currently holds the title of the world's wealthiest person, with his wealth fluctuating around $1 trillion since SpaceX's June IPO (1).
But even for Musk, some financial figures are enough to raise an eyebrow.
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For instance, Berkshire Hathaway's 2022 annual report revealed that the investment empire earned $704 million in dividends that year from its Coca-Cola holdings (2). Upon hearing the news, Musk couldn't resist commenting on X, "Berkshire Hathaway [is] high on Coke (3)."
That figure was calculated based on Berkshire's roughly 400 million shares in Coca-Cola and the 44 cents per share that Coca-Cola paid out in quarterly dividends in 2022 (4).
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