Warren Buffett’s 10 Most Expensive Deals

Warren Buffett has been in the investing and trading market for years. He’s made hundreds of deals for either part or all of a company, but there are always a few that will stand out. Today, we’ve taken and ranked the top 10 most expensive deals Warren Buffett has made over the years. It’s worth noting that the price of the deal doesn’t include assumed debt, of which some of these companies had quite a bit.

Looking at this list, there are some conclusions that could be drawn as to Warren Buffett’s investing strategy. For example, out of the ten, nine are United States based companies, and four are in the energy industry—generally a stable investment, as we’ll always need some sort of energy.

Here are the Top 10 deals, ranked least expensive to most expensive:

10. MidAmerican Energy Holdings, Co.

$2.14 billion

MidAmerican was an energy company that was purchsed by Berkshire Hathaway and was the beginning of the conglomerate known as Berhskhire Hathaway Energy. It currently has an estimated net value of $21.74 billion.

9. AltaLink Holdings L.P.

$3.2 billion

This company also focuses on energy, specifically in the Alberta region. It was purchased in 2014 and folded into Berkshire Hathaway Energy, adding to that company’s overall net value.

8. PacifiCorp

$5.1 billion

Continuing with the energy trend, this company was purchased in 2005 and also part of Berkshire Hathaway Energy. This energy company is the largest grid owner/operator in the West and, of course, simply adds to the overall net profit of Berkshire Hathaway Energy.

7. NV Energy

$5.65 billion

Yet another energy company, NV Energy actually focuses on both natural gas and renewable energy—a first for Berkshire Hathaway. This company was purchased by Buffett in 2013 and operates as part of the Berkshire Hathaway Energy empire.

6. Lubrizol Corp

$9.21 billion

Lubrizol is a chemicals company that specializes in lubricants for several different industries. It also features a handful of household products. Buffett closed this deal in 2011 and it has since become worth around $11.7 billion.

5. IBM Corp

$10.7 billion

Unlike the other companies on our list, Buffett didn’t actually purchase IBM, maker of computer hardware (That would certainly cost more than $10 billion!). Instead, that $10 billion is actually for the purchase of a 5.43% equity stake in the company. The deal was closed in November 2011.

4. General Re Corp

$16.15 billion

In an unusual move for Buffett, this insurance company was purchased using stock instead of solely funds. In fact, Buffett swapped 18% of his company in exchange for 100% of General Re Corp. The swap happened in 1998.

3. H.J. Heinz

$23.58 billion

Maker of the delicious ketchup that graces many tables and restaurants across the country, H.J. Heinz was purchased in 2013. While Buffett doesn’t own 100% of the company, Berkshire Hathaway is a majority shareholder and enjoys profits from the shares.

2. Burlington Northern Santa Fe

$26.71 billion

Prior to 2009 when the purchase was completed, Buffett owned some stocks in this railroad company. While it is one of the current top purchases, according to US News, it accounts for nearly 20% of Berkshire’s net income and is worth around $50 billion.

1. Precision Castparts Corp

$31.58 billion

Both the biggest and most recent deal on our list, this acquisition was completed in 2016. While there isn’t any notion of how much Buffett will profit from this company, with his safe investing strategies, it’s probably a good bet that it will profit within a few years. Precision Castparts specializes in supplying parts to airplane, aerospace, and other markets.

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