Warren Buffett

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 ..

How Warren Buffett's $25 bn Coca-Cola bet earns him $776 mn in dividends

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

Berkshire's cash pile soars to $325 bn as Buffett sells Apple, BofA stocks

Berkshire also reported a 6 per cent decline in quarterly operating profit, largely the result of higher insurance underwriting liabilities including for Hurricane Helene

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 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's Berkshire halves stake in Apple, now has $270 bn cash pile

With the recent sell-offs, Warren Buffett-led Berkshire Hathaway has raised its cash position relative to total assets in the June quarter to 25 percent

Buffett surprises by slashing Berkshire's Apple stake, move to alarm market

Billionaire Warren Buffett slashed Berkshire Hathaway's massive Apple stake in a move that could prove unsettling for the broader stock market both because the investor is so revered and because there had been little positive financial news lately. Just two years ago Buffett called the stock one of the four giants of his conglomerate's business alongside Berkshire insurance, utility and BNSF railroad businesses that it owns outright. That gave investors the impression that Buffett might hold onto Apple indefinitely as he has with the Coca-Cola and American Express shares he bought decades ago. However, he has trimmed the Apple stake over the past year and has recently also sold off some of his stock in Bank of America and Chinese EV maker BYD while doing very little buying. As a result, Buffett is now sitting on nearly USD 277 billion in cash, up from what was already a record USD 189 billion just three months earlier. This could alarm the markets especially given the news from la

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 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 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's Berkshire Hathaway trims its stake in China's BYD

Berkshire recently sold 1.3 million Hong Kong-listed BYD shares for HK$310.5 million ($39.8 million)

Sam Altman pledges to donate 'most' of his wealth 'to improve the world'

Open AI CEO Sam Altman and his husband Oliver Mulherin have decided to give away most of their wealth to The Giving Pledge' - founded by Warren Buffett, Melinda French Gates, and Bill Gates

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

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

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

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

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

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

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

In his annual letter, Buffett tells investors to ignore Wall Street pundits

Warren Buffett credited his longtime partner the late Charlie Munger with being the architect of the Berkshire Hathaway conglomerate he's received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisors who urge them to trade often. Buffett also recounted how Berkshire's insurance businesses thrived last year, but its massive utilities and BNSF railroad disappointed. He also told shareholders how he never plans to sell its stakes in nearly 30 per cent of Occidental Petroleum and 9 per cent of five large Japanese trading houses, but he reiterated that he has no plans to buy the oil producer outright. Berkshire's eclectic mix of businesses, combined with the strong performance of its investments, delivered a profit of USD 37.57 billion, or USD 26,043 per Class A share, in the fourth quarter. That's more than double the USD 18.08 billion profit, or USD 12,355 per Class A share, that Berkshire reported a year ...