The Canadian PressMarch 14, 2014 13:17
OMAHA, Neb. - Warren Buffett's compensation from Berkshire Hathaway Inc. rose 15 per cent last year to $485,606, although the billionaire's salary remained $100,000.
The increase came in "other compensation," which includes company-paid costs for Buffett's personal and home security. As usual, Buffett reimbursed Berkshire $50,000 for personal costs such as postage and phone calls.
Buffett, 83, is the Omaha, Neb., company's chairman and chief executive.
Most of Buffett's wealth comes from his Berkshire stock. The share price rose 32 per cent in 2013.