The original title: worthy of the "god of stock"! Buffett made $8 billion by investing in American Express Co alone this year.

Source: FX168

Warren Buffett's Berkshire Hathaway (Berkshire Hathaway) earned $8 billion from American Express Co (American Express) this year. Since investing in the financial services company in 1994, the total income has reached nearly 25 billion US dollars.

Berkshire Hathaway owns 152 million shares or 19% of American Express Co, according to a report on business insider (Business Insider), a well-known financial website.

(screenshot source: "Business Insider")

American Express Co's share price has soared nearly 45% so far this year, raising the value of Berkshire Hathaway's stake to $26 billion from $18 billion in early January.

American Express Co andGoldman Sachs Group(Goldman Sachs) is this year.Dow JonesOne of the two best performers in the index. But Berkshire Hathaway pulled out of its investment in Goldman Sachs Group last year.

American Express Co shares hit an all-time high after reporting better-than-expected second-quarter earnings at the end of last month.

As consumer spending rebounded from the epidemic, American Express Co's second-quarter revenues rose 33 per cent from a year earlier to more than $10 billion, while cuts in loan loss provisions boosted its net profit by about nine-fold to $2.3 billion.

Berkshire Hathaway first invested in American Express Co in 1994, investing a total of $1.3 billion and has not adjusted its position since 1998. This means that the company has made unrealized earnings of about $25 billion in less than 30 years.

American Express Co is one of the top five holdings in Berkshire Hathaway's portfolio, and Berkshire Hathaway is also American Express Co's largest shareholder, Business Insider reported.

Buffett has repeatedly stressed the value of the American Express Co brand, describing it as a key competitive advantage or "moat" against competitors.