Warren Buffett Barely Makes More Than Average Berkshire Workers

(Bloomberg) -- Berkshire Hathaway Inc.’s Warren Buffett is scoring particularly well on a new rule requiring companies to disclose the ratio of a chief executive officer’s pay to that of the median employee. 

His annual compensation of $100,000 was just 1.87 times the median employee’s pay of $53,510, a figure calculated from a sample of about two-thirds of Berkshire’s total employees, according to a filing released Friday. He also gives back about $50,000 to the company “for minor items such as postage or phone calls that are personal,” meaning his take-home pay would be less than that median figure.

Buffett’s not struggling for money. He’s worth about $88.8 billion, making him the world’s third-richest person, according to the Bloomberg Billionaires Index. A chunk of that wealth comes from his stake in Berkshire itself, where he’s the largest holder of Class A shares, according to data compiled by Bloomberg. Billionaire executives at other firms including Leon Black at Apollo Global Management LLC have also reported favorable ratios.

To contact the reporters on this story: Katherine Chiglinsky in New York at kchiglinsky@bloomberg.net, Noah Buhayar in Seattle at nbuhayar@bloomberg.net.

To contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Dan Reichl, David Scheer

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