Warren Buffett makes over $120 billion on Apple’s rise to $3 trillion, among his best bets ever.

Warren Buffett’s out-of-character bet on Apple may end up being one of his winningest investments, making more than $120 billion on paper as the tech giant shattered yet another record to top a $3 trillion market valuation this week.

Berkshire Hathaway began buying Apple stock in 2016 and by mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Flash forward to 2022 and the Apple investment is now worth $160 billion as the massive rally extended into the new year.

Without a doubt, it is one of the strongest investments that Berkshire has made in the last decade.