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 ..
The investments were disclosed in a US Securities and Exchange Commission filing detailing Berkshire's US-listed investments as of Sept 30
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
The conglomerate's strength comes as optimism for the economy builds, with the Federal Reserve expected to cut interest rates at its September meeting
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
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
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
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
Still, Berkshire holds almost 962 million shares, the filing shows - worth $39.5 billion at Monday's closing price
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
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
Many Indian companies fit its mould
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
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
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
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
Buffett assured shareholders that 'unless something dramatic happens' that really changes Berkshire's capital allocation, it will have Apple as its largest investment
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 cash pile grows to record $168 bn
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