DUBAI 14 November 2018: Warren Buffet, one of the world’s richest person, is to expand his real estate empire to Dubai.
With a net worth of over $87 billion, the chairman and CEO of Berkshire Hathaway is the third-richest person in the world.
According to a Government of Dubai Media Office tweet quoting Bloomberg, one of Warren Buffett’s real estate brokerages is extending its reach to Dubai in the Middle East.
The global business wire agency said Berkshire Hathaway HomeServices this month teamed up with London-based Kay & Co., its second franchisee in Europe, after Rubina Real Estate in Berlin. The company hopes to add Milan, Vienna and Dubai to its network before the year’s out.
“We’ve got a number of markets already teed up,” Gino Blefari, who oversees a business that operates franchise networks, said in an interview in Berlin. “Eventually we’ll be in all the major metropolitan markets.” The company is also in talks with prospective partners in Paris and Madrid, and is looking at Mexico City, Hong Kong and Tokyo as well.
Earlier this year, Berkshire Hathaway Specialty Insurance Company (BHSI) opened its office at Dubai International Financial Centre.