Warren Buffett's compensation rises to US $ 485,606

Warren Buffett's compensation from Berkshire Hathaway Inc rose 15 per cent last year to US $ 485,606, although the billionaire's salary remained US $ 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 US $ 50,000 for personal costs such as postage and phone calls. Buffett, 83, is the Omaha, Nebraska, company's chairman and chief executive.

Read the Economic Times news report here.