Business Standard

Berkshire Hathaway

Buffett gives away another $1.1 bn, plans for distributing $147 bn fortune

Investor Warren Buffett renewed his Thanksgiving tradition of giving by announcing plans Monday to hand more than USD 1.1 billion of Berkshire Hathaway stock to four of his family's foundations, and he offered new details about who will be handing out the rest of his fortune after his death. Buffett has said previously that his three kids will distribute his remaining USD 147.4 billion fortune in the 10 years after his death, but now he has also designated successors for them because it's possible that Buffett's children could die before giving it all away. He didn't identify the successors, but said his kids all know them and agree they would be good choices. Father time always wins. But he can be fickle indeed unfair and even cruel sometimes ending life at birth or soon thereafter while, at other times, waiting a century or so before paying a visit, the 94-year-old Buffett said in a letter to his fellow shareholders. To date, I've been very lucky, but, before long, he will get ..

Buffett gives away another $1.1 bn, plans for distributing $147 bn fortune
Updated On : 26 Nov 2024 | 7:22 AM IST

Berkshire bites into Domino's Pizza, dips into Pool as stock retreat

The investments were disclosed in a US Securities and Exchange Commission filing detailing Berkshire's US-listed investments as of Sept 30

Berkshire bites into Domino's Pizza, dips into Pool as stock retreat
Updated On : 15 Nov 2024 | 9:21 AM IST

Berkshire Hathaway's Ajit Jain sells over half of his class A shares

Jain, one of Buffett's top lieutenants, disposed of 200 of the Class A shares for about $695,418 each, according to a regulatory filing Wednesday

Berkshire Hathaway's Ajit Jain sells over half of his class A shares
Updated On : 12 Sep 2024 | 11:22 PM IST

Warren Buffett's Berkshire Hathaway tops $1 trillion in market value

The conglomerate's strength comes as optimism for the economy builds, with the Federal Reserve expected to cut interest rates at its September meeting

Warren Buffett's Berkshire Hathaway tops $1 trillion in market value
Updated On : 28 Aug 2024 | 8:04 PM IST

Warren Buffett shrinks stake, sells more BofA shares worth $982 mn

Buffett has held silent about his reasoning while whittling the highly profitable bet - an investment that began when the stock was trading near $5 in 2011

Warren Buffett shrinks stake, sells more BofA shares worth $982 mn
Updated On : 28 Aug 2024 | 6:44 PM IST

Has friendship of Bill Gates and Warren Buffett reached final act?

As Berkshire global shareholders made their pilgrimage to Omaha for the conglomerate's annual meeting, they were delighted by the public displays of the pair's friendship

Has friendship of Bill Gates and Warren Buffett reached final act?
Updated On : 04 Aug 2024 | 11:07 PM IST

Berkshire's cash hits $277 bn as Warren Buffett pulls back from stocks

Q2 operating profit rose 15 per cent to $11.6 bn, about $8,073 per Class A share, from $10.04 bn year earlier, with nearly half coming from underwriting, investments in Berkshire's insurance business

Berkshire's cash hits $277 bn as Warren Buffett pulls back from stocks
Updated On : 03 Aug 2024 | 6:26 PM IST

Warren Buffett offloads more Bank of America shares; sales top $3.8 bn

The sales began after Bank of America's stock price had risen by about two-thirds since late October, and traded at more than 1.2 times book value

Warren Buffett offloads more Bank of America shares; sales top $3.8 bn
Updated On : 02 Aug 2024 | 8:39 AM IST

Warren Buffett cuts BofA stake again, unloads $3 billion this month

Still, Berkshire holds almost 962 million shares, the filing shows - worth $39.5 billion at Monday's closing price

Warren Buffett cuts BofA stake again, unloads $3 billion this month
Updated On : 30 Jul 2024 | 10:22 AM IST

Warren Buffett donates $5.3 bn of Berkshire Hathaway shares to 5 charities

Warren Buffett has donated the stocks to the Bill & Melinda Gates Foundation and four family charities. This is his biggest annual donation since he began making them in 2006

Warren Buffett donates $5.3 bn of Berkshire Hathaway shares to 5 charities
Updated On : 28 Jun 2024 | 6:55 PM IST

Warren Buffett's Berkshire Hathaway reveals $6.7 bn stake in insurer Chubb

The conglomerate has also invested in other businesses in the insurance industry. Berkshire owns a stake in Aon Plc, a major broker, and has previously bet on rivals including Marsh & McLennan Cos

Warren Buffett's Berkshire Hathaway reveals $6.7 bn stake in insurer Chubb
Updated On : 16 May 2024 | 9:47 AM IST

Berkshire's record run

Many Indian companies fit its mould

Berkshire's record run
Updated On : 07 May 2024 | 10:06 PM IST

Indian market has 'unexplored' opportunities, says Warren Buffett

Billionaire investor Warren Buffett said that the Indian market has unexplored opportunities which his conglomerate holding company, Berkshire Hathaway, would like to explore in the future". Buffett's remarks came at Berkshire's annual meeting on Friday when Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in Indian equities, asked him about the possibility of Berkshire exploring in India, the world's fifth-largest economy. It is a very good question. I am sure there are loads of opportunities in countries like India," he said. The question, however, is whether we have any advantage or insights into those businesses in India or any contacts that will make possible transactions that Berkshire would like to participate in. That is something a more energetic management at Berkshire could pursue, the co-founder, chairman and CEO of Berkshire Hathaway said. Buffett, 93, said Berkshire has a great reputation around the world. He said, his Japanese experience has

Indian market has 'unexplored' opportunities, says Warren Buffett
Updated On : 06 May 2024 | 2:27 PM IST

Berkshire Hathaway is in good hands, Warren Buffett assures shareholders

Investors had long considered Todd Combs and Ted Weschler, who manage part of Berkshire's $335.9 billion equity portfolio, leading candidates to manage more or all of it

Berkshire Hathaway is in good hands, Warren Buffett assures shareholders
Updated On : 05 May 2024 | 11:40 PM IST

Warren Buffet's Berkshire Hathaway Q1 operating profit up 39% at $11.22 bn

The size of Berkshire's stake in Apple stake fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter

Warren Buffet's Berkshire Hathaway Q1 operating profit up 39% at $11.22 bn
Updated On : 05 May 2024 | 10:21 PM IST

A post-Buffett Berkshire Hathaway is Omaha's focus after Munger's passing

With the billionaire investor turning 94 this year and Munger's death in November, succession at Berkshire has become an increasingly pressing matter for shareholders

A post-Buffett Berkshire Hathaway is Omaha's focus after Munger's passing
Updated On : 05 May 2024 | 8:00 AM IST

Buffett takes stage at Hathaway Berkshire meeting, cuts Apple stake

Buffett assured shareholders that 'unless something dramatic happens' that really changes Berkshire's capital allocation, it will have Apple as its largest investment

Buffett takes stage at Hathaway Berkshire meeting, cuts Apple stake
Updated On : 04 May 2024 | 10:15 PM IST

Berkshire Hathaway's march toward $1 trillion value stalls on results

The Omaha, Nebraska-based firm posted higher operating earnings, which briefly boosted a stock that's been been crawling toward the trillion-dollar club since it notched an all-time high last year

Berkshire Hathaway's march toward $1 trillion value stalls on results
Updated On : 27 Feb 2024 | 7:41 AM IST

Berkshire's days of eye-popping gains are over, says Warren Buffett

Berkshire Hathaway's cash pile grows to record $168 bn

Berkshire's days of eye-popping gains are over, says Warren Buffett
Updated On : 25 Feb 2024 | 11:36 PM IST

Warren Buffett sees no chance of 'eye-popping' results with record cash

The firm's cash hoard jumped to a record at $167.6 billion in the fourth quarter as the conglomerate struggled to find deals at attractive valuations

Warren Buffett sees no chance of 'eye-popping' results with record cash
Updated On : 24 Feb 2024 | 9:14 PM IST