BYD: Buffett group wins big in stock buy of Chinese car firm

Legendary investor Warren Buffett hasn't been fortunate with all his holdings over the past year, but one of his picks turned out to be a big winner.

Buffett's Berkshire Hathaway Inc. agreed last September to pay $230 million for a 10 percent stake in Chinese automaker BYD Co. that had soared in value by the time the deal was finalized in August. BYD shares, listed on the Hong Kong Stock Exchange, have risen from $1.21 last November to $10.55 on Wednesday.

The runup in BYD's stock, due partly to Buffett's interest, has made its founder Wang Chuanfu the richest man in China, according to the Hurun Report, a list of the wealthiest Chinese. Click here

Jan Hýsek * Top 5