Page 2 - Warren Buffett

Berkshire investors anticipate new era as Buffett hands over the baton

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

Explained: Why Warren Buffett prefers balance sheets over income statements

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

Who is Greg Abel, Warren Buffett's chosen heir at Berkshire Hathaway?

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

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

Hurun Rich List 2025: Elon Musk world's richest; check who trail him

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

Spend money wisely: Buffett warns US as Berkshire reports record profit

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

Buffett's Berkshire posts record operating profit on insurance, investments

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

Why Warren Buffett's cash pile is growing, and what it means for markets

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

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