Buffett's Hathaway compensation rises to USD 485,606

Warren Buffett's compensation from Berkshire Hathaway Inc rose 15 per cent last year to USD 485,606, although the billionaire's salary remained USD 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 USD 50,000 for personal costs such as postage and phone calls.

Buffett, 83, is the Omaha, Nebraska, company's chairman and chief executive.

Most of Buffett's wealth comes from his Berkshire stock. The share price rose 32 percent in 2013.

The salaries of Buffett and Vice Chairman Charles Munger have been set at USD 100,000 for more than 25 years, and Buffett does not want or expect a raise, the conglomerate said in a regulatory filing today.
 

Unlike many other companies, Berkshire Hathaway does not grant stock options to executives.