Warren Buffett's Berkshire Hathaway Buys Jazwares

Forbes has reported that Warren Buffett's Berkshire Hathaway has purchased Jazwares who most of us here know for action figure lines like Fortnite, Halo and AEW.

Now if your wondering who Buffett is, well he's one of the most successful investors in the world and has a net worth of over $100 billion as of November 2022. THis puts him as the sixth-wealthiest person in the world.

It's not really clear what this buyout will actually mean for Jazwares, but Jeremy Padawer who confirmed the sale says he will be staying on with the company as the Chief Brand Officer.

Berkshire Hathaway has acquired our company @Jazwares!

It’s been an awesome ride! Toys, collectibles & the business of play.

Today, we're #4 toyco w Pokémon, Roblox, Squishmallows, Fortnite, AEW, and many other iconic brands.

I’ll continue as CBO. ❤️🤘🏻https://t.co/Nf2ynAHf0o

— Jeremy Padawer (@JeremyCom) December 19, 2022