Billionaires like Jeff Bezos, Warren Buffett, Elon Musk and George Soros benefit from a complex web of loopholes in tax code.
He also said that if anything happened to Abel, it would be Ajit Jain, who oversees Berkshire's insurance businesses, would become chief executive
Berkshire Hathaway CEO, his business partner make blunt admissions at annual meeting.
Buffett has struggled in recent years to keep up with Berkshire's ever-gushing cash flow
This comes a year after a major loss when the value of its stock investments plummeted because of the coronavirus pandemic
The firm on Monday reported a 162% growth in 2020 net profit
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The Berkshire Hathaway Inc. chairman's wealth jumped on Wednesday to $100.4 billion
Singles out Apple among top three valuable holdings; snaps up record $24.7 billion of own stock
Fixed-income investors worldwide - whether pension funds, insurance companies or retirees - face a bleak future, says Berkshire Hathaway CEO
No mention of Bitcoin, Robinhood or WallStreetBets in Buffett's latest annual letter but plenty of homespun value-investing wisdom
Berkshire's fourth-quarter buybacks boosted the company's overall stock repurchases to $24.7 billion in 2020, five times the record from a year earlier
The company cut its Apple stake, still holds $120 bn
Berkshire's investment activity during the final three months of 2020 was all over the place, reflecting the chaotic and uncertain moment the world finds itself in
Any Buffett disciple who checks in on the billionaire investor's favourite market valuation metric these days may get the urge to shriek in terror
Zhong has also helped four relatives become billionaires
In a regulatory filing detailing its U.S.-listed stock holdings as of Sept. 30, Berkshire disclosed $5.7 billion (£4.3 billion) of new healthcare stakes
Berkshire's recently been expanding its hunting horizons, with its $6 billion bet on Japanese trading houses and even a stake in the newly public Snowflake Inc.
Berkshire also repurchased a record $9.3 billion of its underperforming stock in the third quarter
Beckham-backed Guild Esports said on Tuesday it raised £20 million ($25.6 million) in a London listing, buoyed by the rising popularity of online games.