Warren Buffett dumped his entire stake in General Electric

Berkshire Hathaway dumped its entire $315.4 million stake in General Electric in the second quarter, according to filings. The firm owned about 10.6 million shares in the company. GE just recently promoted John Flannery to CEO, as Jeff Immelt stood aside. Flannery was head of GE's healthcare business before being tapped for CEO. Flannery was able to take hold of the healthcare division and grow it into a $18 billion business as its helm. Berkshire Hathaway disclosed it closed its GE position in an SEC filing that reflects the firm's second quarter holdings. It's worth noting that the firm's positions could have changed since the date of the filing. In addition to the GE move, Buffett's firm also added a large share of Synchrony, equalling about $520.7 in value, and a $418.1 million stake in Store Capital. Berkshire Hathaway decreased its holdings in IBM and Wells Fargo while increasing its BNY Mellon, General Motors and Apple positions. The firm's top holdings are all well-known brand names that Buffett has become famous for championing. Kraft Heinz, Wells Fargo and Apple are the top three. General Electric Shares are down 20.08% this year and rose 0.63% on Monday, the day the filing was released.

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As part of Forbes' annual list of the 400 richest people in the world, they took at where the country's wealthiest -- including Bill Gates, Warren Buffett and Oprah Winfrey -- call home. + Homes of the Billionaires

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Net Worth: $40 billion

Billionaire Rank: 1

Gates' 66,000-square-foot compound is built into a hillside on the edge of Lake Washington, near Seattle. Out-of-shape visitors can skip the 84-step hike to the ground floor and opt for an elevator ride instead.

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Net Worth: $37 billion

Billionaire Rank: 2

Location: Omaha, Neb.

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The world's second-richest man still resides in the 6,000-square-foot, five-bedroom gray stucco home he bought in 1958 for $31,500.

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Net Worth: $22.5 billion
2009 Billionaire Rank: 4
Over the last few years, the Oracle co-founder has kept jaws a-dropping by spending $200 million by some estimates on near a dozen properties in Malibu, including five homes that in aggregate would create a custom compound.
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Net Worth: $1.6 billion
Billionaire Rank: 450
The blustery real-estate-magnate-turned-reality-TV-star may have the Billionaires Club's shortest commute: he lives in the 32,000-square-foot triplex penthouse of his Trump Tower office building. More on This Home
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Net Worth: $2.7 billion
2009 Billionaire Rank: 234
The self-made media mogul paid $50 million in 2001 for the 23,000-square-foot Georgian-style home she calls the "Promised Land." In 2007 the spread was appraised at just under $85 million.
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