Warren Buffett is celebrating the successes of Berkshire Hathaway’s companies last year and in the 60 years since he took over a struggling New England textile company and began converting it into a massive conglomerate.

Warren Buffett's Berkshire Hathaway (BRK.A; BRK.B) reported on Saturday that fourth-quarter operating earnings surged more than 70% year-over-year. The conglomerate posted operating earnings of $14.53 billion,

Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) paid $26.8B to the Internal Revenue Service last year, "about 5% of what all of corporate America paid," Chairman, CEO and legendary investor Warren Buffett wrote in his annual letter to shareholders on Saturday.