Warren Buffett

Incoming Berkshire Hathaway CEO Greg Abel is assembling his team to help him lead the conglomerate Warren Buffett built starting in January after a couple of key departures. Berkshire said Monday that one of its two investment managers besides Buffett who has also served as CEO of Geico for several years, Todd Combs, and longtime Chief Financial Officer Mac Hamburg are both departing. Combs is taking a job helping JP Morgan decide how to invest USD 10 billion while serving as a special advisor to CEO Jamie Dimon while Hamburg is retiring after 40 years. Combs' departure is the most significant news in the announcement that also included creating the jobs of general counsel and a new manager of the many retail and consumer businesses Berkshire owns, But now the question is whether insurance Vice Chairman Ajit Jain, investment manager Ted Weschler and all the CEOs of Berkshire's myriad businesses will remain. There's still two elephants in the room: what's Ajit Jain going to do and wh

Berkshire's Alphabet stake, representing 0.31 per cent of the outstanding shares, according to a regulatory filing Friday, was worth about $4.9 billion as of the market close

Apart from being two very sharp thinkers, they had a wonderful sense of humour and an enviable ability to explain complicated concepts in simple language

The 95-year-old Berkshire Hathaway CEO said he would continue sending his Thanksgiving note to his family and shareholders every year

After years spent refraining from large deals and progressively unwinding big holdings like his stake in Apple Inc., Buffett appears to be back on the offensive

Bill Gates, the billionaire who once ruled the Bloomberg Billionaires Index, has now slipped from the 5th position to the 12th position with his total net worth currently at $124 billion

About 9.43 million Class B shares will be given to the Bill & Melinda Gates Foundation Trust, according to a statement on Saturday

Warren Buffet has realised that 'buy and hold till death' may not always be the best strategy while investing. We now see that he's more open to selling, when needed, Agrawal said.

Warren Buffett and Donald Trump may thrive on cola and junk food, but doctors explain why most people can't follow their lead without risking serious long-term health consequences

Mr Buffett started investing as a schoolboy with the earnings from delivering newspapers. He learnt the theoretical structure of valuation at Columbia Business School in the 1950s

Abel and most of Berkshire's board of directors were not aware of his plans prior to the announcement

The famed investor delivered a more than 5,500,000 per cent return on Berkshire's stock as he turned a once-failing textile firm into the most valuable company

Following Buffett's surprise announcement on Saturday that he would step down as chief executive by the end of the year, Berkshire shareholders and fans said the Omaha

Warren Buffett offered fresh insights into his investing philosophy, particularly his long-standing preference for studying balance sheets over income statements when evaluating a business

Greg Abel, a Canadian executive with deep roots in energy and a long tenure at Berkshire, is set to succeed Warren Buffett as CEO of the conglomerate in 2025

Buffett's net worth has climbed $11.5 billion this year to $153.5 billion, according to the Bloomberg Billionaires Index

The report noted that since the wealth cut-off date of January 15, 2025, Elon Musk's fortune has declined by nearly $100 billion

94-year-old Buffett, arguably the world's most famous investor, also acknowledged his advanced age in letter, telling shareholders he now uses a cane and will spend less time fielding their questions

Fourth-quarter operating profit also set a record, rising 71 per cent to $14.53 bn, or about $1,010 per Class A share, from $8.48 bn a year earlier, reflecting gains in its insurance operations

Warren Buffett's Berkshire Hathaway is holding a record $300 billion in cash, raising questions about his investment strategy and market outlook as stock valuations remain high