<P> On August 26, 2011, Berkshire Hathaway purchased $5 billion of preferred shares in Bank of America . The investment has an annual interest cost of 6% earning Berkshire $300 million in annual interest . Alongside the preferred stock investment, Berkshire obtained warrants allowing Berkshire to buy 700 million common shares at $7.14 per share any time before September 2, 2021 . Based on the share price in June 2017, this position has yielded a profit of more than $10 billion excluding the annual interest earned from the preferred stock . </P> <P> Vandergriff Automotive, the highest selling Honda dealership in the Dallas Metroplex, contributes $100 million in revenue every year . In 2003, Pepsi paid Berkshire $10 million to insure against a contest Pepsi held which had a potential $1 billion prize . The prize had a very small chance of being won and it was not won by anyone . </P> <P> In 2006 Berkshire Hathaway Inc. acquired Russell Corporation for $600 million, in fact getting most shares and brands in many sports leagues--including Spalding NBA official basketballs, BIKE Athletic Company protections, AAI (American Athletic) Gymnastics' tables, bars, rings, horses or Dudley softball balls and accessories . </P> <P> In 2008, Berkshire purchased preferred stock in Wrigley, Goldman Sachs, and GE totaling $14.5 billion . </P>

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