Warren Buffet

Warren Buffett's Berkshire Hathaway fully exits BYD after 17-yr investment

Warren Buffett's Berkshire Hathaway has sold its entire stake in Chinese EV maker BYD, ending a 17-year investment that grew more than 20 times in value

Bill Gates pledges to donate 99% of fortune, shut Gates Foundation by 2045

Microsoft co-founder Bill Gates pledges 99 per cent of his wealth to the Gates Foundation, which will shut down by 2045 after spending $200 billion on health, education, and poverty eradication

Warren Buffett's 94-yr routine: McDonald's, Coca-Cola, a life of no regrets

As he steps down as Berkshire Hathaway CEO, here's a look at Warren Buffett's daily routine that includes junk food, and personal joy over perfection

'US fiscal policy scares me': Buffett as he hands over Berkshire to Abel

Buffett said during the meeting he was concerned about the US deficit and thought the United States faced problems that need to be solved, including bureaucracy

Warren Buffett to step down following six-decade run atop Berkshire

Greg Abel, the vice chairman for non-insurance operations, will take charge of the conglomerate upon board approval, Buffett, 94, said Saturday at the company's annual shareholder meeting

Warren Buffett's 2025 wealth gains stand out amid billionaire wipeout

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

Warren Buffett slams Trump's tariffs imposition, calls it 'an act of war'

The US government imposed a 25 per cent tariff on imports from Canada and Mexico on Tuesday, while increasing tariffs on Chinese goods from 10 per cent to 20 per cent

What makes Pershing Square Capital's Ackman Warren Buffett's true successor

Indeed, the true successor to Buffett's legacy as market oracle may be operating outside of Berkshire

Berkshire's cash hits $277 bn as Warren Buffett pulls back from stocks

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

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's Berkshire has bigger loss, operating profit sets record

Investors watch Berkshire closely because its results often reflect broader economic trends, and because of Buffett's reputation as an investor

Warren Buffett's firm now owns more than 25% of Occidental Petroleum

Billionaire Warren Buffett's company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25 per cent of the oil producer. A new filing with the Securities and Exchange Commission shows that Berkshire bought another 2.1 million Occidental shares this week worth about USD 123 million. The latest purchases give Berkshire more than 224 million shares worth nearly USD 13 billion that have all been purchased over the past year and a half. And Buffett may not be done buying because the price of Occidental stock is still right around where he bought shares at this week even after a modest 43-cent bump Thursday morning to trade at USD 57.89. Buffett has been consistently buying the stock when it dips below USD 60. Crude prices are down 13 per cent this year and shares of Occidental are down 8 per cent. Often, other investors rush into a stock after Berkshire discloses a purchase because of Buffett's remarkably successful track record over the decades.

Berkshire Hathaway posts big loss in Q4, cash hoard swells to $130 bn

The Omaha, Nebraska-based firm found more value buying back its own shares, repurchasing $2.6 billion, and bought back about $700 million more in the first month-and-a-half of 2023

Warren Buffett donates more than $750 million to family charities

Billionaire investor Warren Buffett donated more than USD750 million in Berkshire Hathaway stock to the four foundations run by his family, but unlike his annual gifts to charity each summer, the recipients didn't include the Bill & Melinda Gates Foundation. Buffett has been making annual donations to the same five charities every year since 2006 when he unveiled a plan to give away his fortune over time, with the Gates Foundation receiving the biggest donations. Wednesday's donations mark the first time the 92-year-old has made a second major gift within the same year. A filing with the Securities and Exchange Commission showed Buffett gave 1.5 million Class B shares in the Omaha, Nebraska-based conglomerate he leads to the Susan Thompson Buffett Foundation, named for his first wife. He also gave 300,000 Class B shares apiece to the three foundations run by his children: the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation. In June, he gave 11 million

Buffett's Berkshire Hathway reports $2.7 bn loss on investment drop

Warren Buffett's company again reported a loss this time only USD 2.7 billion because of a drop in the paper value of its investment portfolio in the third quarter, but most of its operating businesses performed well with the notable exception of Geico. Berkshire Hathaway reported a quarterly loss on Saturday of USD 2.7 billion, or USD 1,832 per Class A share. That's down from a USD 10.3 billion profit, or USD 6,882 per Class A share, a year ago when the stock market was soaring. In the second quarter of this year, Berkshire reported a USD44 billion loss. Buffett has long said he believes Berkshire's operating earnings are a better measure of the company's performance because they exclude investment gains and losses, which can vary widely quarter to quarter. By that measure, Berkshire's operating earnings jumped 20per cent to USD 7.76 billion, or USD 5,293.83 per Class A share. That's up from USD6.47 billion, or USD 4,330.60 per Class A share. The four analysts surveyed by FactS

Rakesh Jhunjhunwala: A perspective

In fact, Rakesh's achievement was greater than that of Mr Simons, a mathematical genius who has a team of super-bright mathematicians and physicists to develop quantitative techniques

Buffett's Berkshire pounces on market slump to buy equities in June qtr

Berkshire stepped in as the S&P 500 shed 16% in the latest quarter. The Omaha, Nebraska-based company also reported an operating profit of $9.2 bn as the insurance and railroad businesses posted gains

Bill Gates donates $20 bn to his foundation to stem 'significant suffering'

The Gates Foundation plans to raise its annual budget by 50% over pre-pandemic levels to about $9 billion by 2026.

Warren Buffett's last lunch auction fetches record $19 million bid

Warren Buffett has cemented his legacy as one of the most expensive lunch guests of all time

Will Buffett-backed BYD beat Tesla to become largest EV manufacturer?

BYD has upped its game over the past two years with a range of EVs and higher-technology lithium iron phosphate batteries, allowing it to grab global market share