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Warren Buffett donates $1.1 billion worth Berkshire Hathaway stock, outlines succession plan for $147 billion fortune | Company Business News

Livemint

Livemint · 9m ago

Warren Buffett donates $1.1 billion worth Berkshire Hathaway stock, outlines succession plan for $147 billion fortune | Company Business News

Billionaire investor Warren Buffett has donated over $1.1 billion worth of Berkshire Hathway stocks to his family's charities and foundations. Along with the donation, Buffett outlined succession plans for his $147.4 billion fortune. He stated that his three children would inherit his fortune over a period of 10 years after his death, but also designated an undisclosed successor in case they die before receiving their full inheritance. Buffett reiterated his belief in not creating dynastic wealth and emphasized the importance of allowing families to read their wills while they are still alive to avoid conflicts.

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Warren Buffet's Berkshire Hathaway Q3 net loss widens to $12.77 billion

Livemint

Livemint · 1y ago

Warren Buffet's Berkshire Hathaway Q3 net loss widens to $12.77 billion

Berkshire Hathaway, headed by Warren Buffett, reported a net loss of $12.77 billion for the third quarter, primarily due to a decline in stock prices. However, the company's operating profit rose by 41% to $10.76 billion, mainly driven by improved results from its insurance operations. Berkshire Hathaway repurchased $1.1 billion of its own stock during the quarter, marking a total of about $7 billion repurchases for the year.

Buffett’s possible final shareholder Q&A. Where to watch BusinessToday

Business Today

Business Today · 4m ago

Buffett’s possible final shareholder Q&A. Where to watch BusinessToday

Warren Buffett, the 94-year-old investing legend, is expected to discuss key issues at the 2025 Berkshire Hathaway Shareholder Meeting. Topics include succession planning and changes in the company's highly observed portfolio. This event might be Buffett's final shareholder Q&A session, drawing significant attention from investors and stakeholders eager for insights into the future direction of Berkshire Hathaway.

Warren Buffet pays tribute to Charlie Munger in letter to shareholders

Livemint

Livemint · 1y ago

Warren Buffet pays tribute to Charlie Munger in letter to shareholders

Warren Buffett praised his late partner, Charlie Munger, as the architect of Berkshire Hathaway in his annual letter to shareholders. This is Buffett's first letter without Munger, who passed away in November 2023. Buffett credits Munger with shaping Berkshire's success and guiding him away from bad investment habits. Berkshire Hathaway reported strong fourth-quarter earnings, with its insurance business benefiting from improved underwriting. The conglomerate's net income reached a record $96.2 billion, boosted by the rising stock market. Berkshire also spent $9.2 billion on share repurchases in 2023.

Warren Buffett to donate $6B to five foundations

YourStory

YourStory · 2m ago

Warren Buffett to donate $6B to five foundations

Warren Buffett is donating $6 billion worth of Berkshire Hathaway stock to five foundations, increasing his total contributions since 2006 to approximately $60 billion. The largest portion, 9.4 million shares, will go to the Bill and Melinda Gates Foundation. Other recipients include the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation. Buffett emphasizes his conservative investment approach and attributes his wealth to sound decisions, the American market, and compounding effects.

Don’t fret about Warren Buffett. Berkshire stock is still a buy.

Livemint

Livemint · 1m ago

Don’t fret about Warren Buffett. Berkshire stock is still a buy.

Warren Buffett is set to step down as CEO of Berkshire Hathaway by the end of the year. Despite this transition, investors should not worry, as Buffett has carefully prepared the company for the future. Berkshire Hathaway remains an attractive investment, trading at about 11 times earnings, a reasonable valuation compared to other companies in the market. This positions the company as a good buy for investors seeking value in a competitive stock market.

Warren Buffett to Hang His Boots As Berkshire Hathway CEO After 55 Years, Proposes Greg Abel as Successor

OutlookIndia

OutlookIndia · 4m ago

Warren Buffett to Hang His Boots As Berkshire Hathway CEO After 55 Years, Proposes Greg Abel as Successor

Warren Buffett, the iconic CEO of Berkshire Hathaway, announced his retirement after 60 years, proposing Greg Abel as his successor. Abel, already managing the non-insurance operations, will also oversee insurance and investment decisions. Despite retiring, Buffett plans to retain his shares, underscoring confidence in Berkshire's future under Abel. His tenure saw a remarkable 19.9% annual return, doubling the S&P 500’s performance. Abel's promotion represents a significant, albeit expected, generational transition at Berkshire Hathaway.

Berkshire invests in UnitedHealth, trims Apple stake - The Economic Times

Economic Times

Economic Times · 1m ago

Berkshire invests in UnitedHealth, trims Apple stake - The Economic Times

Warren Buffett's Berkshire Hathaway revealed a significant $1.57 billion investment in UnitedHealth Group, indicating confidence despite the insurer's recent challenges. Simultaneously, Berkshire reduced its Apple stake by selling 20 million shares, yet maintains a substantial position. The company also expanded investments in home builders like DR Horton, Lennar, and others. While often selling more stocks than buying recently, Berkshire maintains robust cash reserves. Buffett continues to focus on strategic investments amidst evolving market dynamics.

Warren Buffett’s Berkshire Hathaway Trims Its Massive Stake in Apple

Livemint

Livemint · 1y ago

Warren Buffett’s Berkshire Hathaway Trims Its Massive Stake in Apple

Berkshire Hathaway, led by Warren Buffett, sold around 1% of its stake in Apple during Q4 2023, leaving it with a 5.9% stake valued at $167 billion. This move comes as Apple faces various challenges, including regulatory scrutiny and declining sales. Berkshire also reduced its position in HP but increased its stakes in Chevron and Occidental Petroleum. Investors await Buffett's annual letter, scheduled to be released on February 24.

Warren Buffett to Step Down as Berkshire Hathaway CEO; Greg Abel Named Successor, Buffett Remains Chairman

deepnewz

deepnewz · 4m ago

Warren Buffett to Step Down as Berkshire Hathaway CEO; Greg Abel Named Successor, Buffett Remains Chairman

Warren Buffett, age 94, will step down as CEO of Berkshire Hathaway at the end of 2025, with Greg Abel named as his successor. Buffett will remain as chairman of the board. In the first quarter of 2025, Berkshire Hathaway exited its positions in Citigroup and Nubank, reduced its stake in Bank of America by over 48 million shares, and cut its holdings in Capital One by 4%. On the buying side, the company doubled its position in Constellation Brands, increased its stake in Pool Corp by 144%, and raised its holdings in Domino’s Pizza by 10%.

Warren Buffett details Berkshire’s Apple, Chevron and Capital One sales while also buying more Chubb

Livemint

Livemint · 1y ago

Warren Buffett details Berkshire’s Apple, Chevron and Capital One sales while also buying more Chubb

Warren Buffett has confirmed that he sold over 389 million Apple shares during the second quarter of this year. However, Berkshire Hathaway still holds 400 million shares, making it the conglomerate's largest holding in its stock portfolio. Berkshire has also reduced its investments in Bank of America, Chevron, Capital One, Floor & Decor Holdings, T-Mobile, Louisiana Pacific, and sold its nearly $1 billion Snowflake investment. Berkshire has a cash pile of $277 billion, a record high. Additionally, Berkshire increased its investments in Chubb and Occidental Petroleum, and made smaller investments in Heico Corp. and Ulta Beauty.

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