Warren Buffett's Berkshire Hathaway is set to receive $776 million in dividends from Coca-Cola in 2024, thanks to a raised quarterly payout, marking a 30-year investment
The investments were disclosed in a US Securities and Exchange Commission filing detailing Berkshire's US-listed investments as of Sept 30
The conglomerate's strength comes as optimism for the economy builds, with the Federal Reserve expected to cut interest rates at its September meeting
Berkshire recently sold 1.3 million Hong Kong-listed BYD shares for HK$310.5 million ($39.8 million)
At Thanksgiving I have much to be thankful for, Warren Buffet said in a statement Tuesday, announcing that he had gifted 2.4 million Class B shares of Berkshire Hathaway stock to charitable foundations run by his children. The gifts to The Susan Thompson Buffett Foundation, The Sherwood Foundation, The Howard G. Buffett Foundation and NoVo Foundation total approximately USD 876 million and are in addition to the regular donations he makes each summer to those foundations and the Bill and Melinda Gates Foundation. This is the second year that Buffett has made additional gifts to the family foundations around Thanksgiving. "My children, along with their father, have a common belief that dynastic wealth, though both legal and common in much of the world including the United States, is not desirable," Buffett said in the statement, adding that after his death, his children would act as trustees of a charitable trust that would inherit 99 per cent of his wealth. The testamentary trust w
Warren Buffett has cemented his legacy as one of the most expensive lunch guests of all time
Buffett, Berkshire's chief executive officer and chairman, his investing deputies have been on one of Berkshire's biggest buying sprees, with about $41 billion of net purchases during first quarter
In his annual letter to Berkshire shareholders, Buffett said buybacks make 'good sense' when alternatives such as buying whole companies or more stocks appear 'unattractive'
Tesla chief's fortune rose by $6.07 billion on Friday, following a 10.8% jump in the electric carmaker's stock, Bloomberg News reported.
The new US tax law was a windfall for Berkshire. Analysts at Barclays Plc noted that the lower corporate rate probably added $37 billion in the fourth quarter to book value