Warren Buffett donates $1.1 billion worth Berkshire Hathaway stock, outlines succession plan for $147 billion fortune
3 weeks, 6 days ago

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

Live Mint  

Billionaire investor Warren Buffett has donated over $1.1 billion worth of Berkshire Hathway stocks to four of his family's charities and foundations on November 25, according to an AP report. Succession Plan for Children The report noted that while Buffett has earlier said his three children would inherit his $147.4 billion fortune over a period of 10 years after his death, on November 25 he also designated undisclosed successor to his children in case they die before receiving their full inheritance. He added that he still has no interest in creating dynastic wealth, but acknowledged giving Howard, Peter and Susie millions over the years, saying he believes “hugely wealthy parents should leave their children enough so they can do anything but not enough that they can do nothing.” The Power of Compounding Interest The secret to building up such massive wealth over time has been the power of compounding interest and the steady growth of the Berkshire conglomerate Buffett leads through acquisitions and smart investments like buying billions of dollars of Apple shares as iPhone sales continued to drive growth in that company, the report noted. Buffett's Donations If Buffett and his first wife had never given away any of their Berkshire shares, the family's fortune would be worth nearly $364 billion.

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Warren Buffett donates $1.1 billion, reveals wealth distribution plan after death
Trending News
3 weeks, 6 days ago

Warren Buffett donates $1.1 billion, reveals wealth distribution plan after death

India Today  

Warren Buffett, the billionaire investor and philanthropist who leads Berkshire Hathaway, has donated another $1.1 billion to several foundations. In his latest letter to Berkshire Hathaway shareholders, the 94-year-old provided a deeply personal reflection on life’s unpredictability and shared detailed plans for the distribution of his wealth after his passing. BUFFETT’S LATEST DONATIONS Buffett announced the conversion of 1,600 Class …

Warren Buffett reveals one thing ‘all parents’ should do before they die, irrespective of wealth
Trending News
3 weeks, 6 days ago

Warren Buffett reveals one thing ‘all parents’ should do before they die, irrespective of wealth

Hindustan Times  

Warren Buffett has shared an important piece of advice for “all parents,” irrespective of their wealth. While addressing one's own death can be a difficult topic of conversation, the “Oracle of Omaha” has stressed that children must know the logic behind their parents' decision before it's too late to ask “why.” Warren Buffett shares important advice for parents. Warren Buffett's …

Warren Buffett’s $150 billion question: The posthumous wealth plan of the Oracle of Omaha
3 weeks, 6 days ago

Warren Buffett’s $150 billion question: The posthumous wealth plan of the Oracle of Omaha

Firstpost  

Warren Buffett, the 94-year-old billionaire investor, has unveiled his most detailed plan yet for distributing his $150 billion fortune after his death. In a candid letter, Buffett revealed that his three children will have a decade to allocate his wealth, with successor trustees named in case they cannot fulfill the task Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks …

Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death
4 weeks ago

Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death

Associated Press  

— Investor Warren Buffett renewed his Thanksgiving tradition of giving by handing out more than $1.1 billion of Berkshire Hathaway stock to four of his family’s foundations Monday, and he offered new details about who will be handing out the rest of his fortune after his death. He acknowledged giving Howard, Peter and Susie millions over the years, but he …

Billionaires Buffett, Huang & Bezos, who remained tight-lipped about election, see their wealth balloon after Trump win
1 month, 2 weeks ago

Billionaires Buffett, Huang & Bezos, who remained tight-lipped about election, see their wealth balloon after Trump win

Hindustan Times  

While Donald Trump enjoyed the support of the richest person in the world, Elon Musk, there were several billionaires who remained silent during the 2024 US presidential race. Berkshire Hathaway Chairman and CEO Warren Buffett While many well-known figures publicly supported either Vice President Kamala Harris or Trump, a sizable section of the population, including Larry Page, a co-founder of …

Elon Musk's net worth surges by $26.5 billion after Donald Trump wins US election
1 month, 2 weeks ago

Elon Musk's net worth surges by $26.5 billion after Donald Trump wins US election

Hindustan Times  

The victory of Republican candidate and former president Donald Trump in the US elections this time led to the net worth of his largest backer surging by $26.5 billion. Elon Musk, the world's richest person, has also been one of Trump's largest supporters for this election, having donated around $119 billion to his campaign and endlessly supporting him on his …

Warren Buffett’s son says it’s ‘not so easy’ to give away father’s $143bn fortune to charity
3 months ago

Warren Buffett’s son says it’s ‘not so easy’ to give away father’s $143bn fortune to charity

The Independent  

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Warren Buffett’s Berkshire Hathaway sells Bank of America shares for 12th straight day
4 months, 3 weeks ago

Warren Buffett’s Berkshire Hathaway sells Bank of America shares for 12th straight day

Hindustan Times  

Warren Buffett sold shares of Bank of America Corp. for the 12th straight day, trimming his conglomerate’s massive stake in the lender by a total of 8.8% — or $3.8 billion — since mid-July. In the latest disposals, his Berkshire Hathaway Inc. reaped $779 million selling stock on July 30 through Aug. 1, according to a regulatory filing late Thursday. …

Warren Buffett's Berkshire Hathway sells $1.48 billion stake in Bank of America
5 months ago

Warren Buffett's Berkshire Hathway sells $1.48 billion stake in Bank of America

Hindustan Times  

Warren Buffett’s Berkshire Hathaway sold about 34 million shares of Bank of America Corp. for $1.48 billion, as per a public filing. Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha. Warren Buffett invested $5 billion in the bank in 2011 in exchange for preferred stock and …

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death
5 months, 3 weeks ago

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death

Associated Press  

— Investor Warren Buffett announced another $5.3 billion in charitable gifts Friday, but in a major shift of his longtime giving plan he said he plans to cut off donations to the Bill & Melinda Gates Foundation after his death and let his three children decide how to distribute the rest of his $128 billion fortune. Buffett has given about …

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death
5 months, 3 weeks ago

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Investor Warren Buffett announced another …

Warren Buffett just lost $4.5 billion because of this stock market decision
6 months, 1 week ago

Warren Buffett just lost $4.5 billion because of this stock market decision

Hindustan Times  

Warren Buffett- Berkshire Hathaway Chairman- has taken bets in the markets that have earned billions of dollars in the last eight decades giving him the name ‘Oracle of Omaha’. Since 2016, Warren Buffett’s investment firm Berkshire Hathaway has accumulated millions of Apple shares which reportedly account for nearly 50% of his overall stock portfolio. But this year, Warren Buffett sold …

Louis Vuitton boss Bernard Arnault remains richest man in the world with a $233 BILLION fortune as number of billionaires hits its highest ever - with Elon Musk and Jeff Bezos second and third
8 months, 3 weeks ago

Louis Vuitton boss Bernard Arnault remains richest man in the world with a $233 BILLION fortune as number of billionaires hits its highest ever - with Elon Musk and Jeff Bezos second and third

Daily Mail  

French businessman and investor Bernard Arnault retained his position as the world's richest man on Forbes' billionaires list this year, increasing his lead on social media and ecommerce behemoths Elon Musk, Jeff Bezos and Mark Zuckerberg to amass a staggering £233billion fortune. Bernard Arnault $233billion - LVMH Empire Bernard Arnault, now 75, became the world's richest man last year after …

Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes
9 months, 4 weeks ago

Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes

Associated Press  

— Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he has received the credit for leading and warned shareholders in his annual letter Saturday not to listen to Wall Street pundits or financial advisers who urge them to trade often. That would be like finding gold and …

Warren Buffett, James Simons and Phil Knight are among the top charity donors of 2023
11 months, 3 weeks ago

Warren Buffett, James Simons and Phil Knight are among the top charity donors of 2023

Associated Press  

The Chronicle of Philanthropy’s annual list of the biggest charitable donations from individuals or their foundations totaled more than $3.5 billion in 2023. The couple gave $500 million through their Simons Foundation to the State University of New York at Stony Brook to support the university’s endowment and to boost scholarships, professorships, research, and clinical care. The center will support …

The top charity donors of 2023
11 months, 3 weeks ago

The top charity donors of 2023

LA Times  

Warren Buffett, chairman and chief executive of Berkshire Hathaway, topped the Chronicle of Philanthropy’s annual list of the biggest charitable donations in 2023, with his $541.5-million gift to the Susan Thompson Buffett Foundation. The couple gave $500 million through their Simons Foundation to Stony Brook University in New York to support the university’s endowment and to boost scholarships, professorships, research …

Warren Buffett donates ₹7,250 crore to charities as Thanksgiving
1 year, 1 month ago

Warren Buffett donates ₹7,250 crore to charities as Thanksgiving

Hindustan Times  

Warren Buffet on Tuesday announced that he had gifted around $876 million worth of Berkshire Hathaway shares to charitable foundations run by his children ahead of Thanksgiving. Additionally, 0.9 million shares are evenly distributed among three charities overseen by his children - The Sherwood Foundation, The Howard G. Buffett Foundation, and NoVo Foundation. “My children, along with their father, have …

Warren Buffet donates Berkshire Hathaway shares to children’s foundations at Thanksgiving
1 year, 1 month ago

Warren Buffet donates Berkshire Hathaway shares to children’s foundations at Thanksgiving

Associated Press  

“At Thanksgiving I have much to be thankful for,” Warren Buffet said in a statement Tuesday, announcing that he had gifted 2.4 million Class B shares of Berkshire Hathaway stock to charitable foundations run by his children. The gifts to The Susan Thompson Buffett Foundation, The Sherwood Foundation, The Howard G. Buffett Foundation and NoVo Foundation total approximately $876 million …

8 money lessons to learn from Warren Buffett’s letters to shareholders
1 year, 1 month ago

8 money lessons to learn from Warren Buffett’s letters to shareholders

Live Mint  

Before taking a big financial bet, one should first learn the basics. One of the most famous investing legends in contemporary times is Warren Buffett who often shares his wisdom in the famous annual letters to shareholders of Berkshire Hathaway. Surplus of liquid assets such as cash: He underscored the fact that Berkshire holds a boatload of cash and treasury …

Warren Buffett’s firm buys more Occidental Petroleum and now owns more than 25% of the oil producer
1 year, 5 months ago

Warren Buffett’s firm buys more Occidental Petroleum and now owns more than 25% of the oil producer

Associated Press  

— Billionaire Warren Buffett’s company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25% 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 $123 million. But last year, Buffett did get permission from federal regulators to buy up …

Buffett shares good news on profits, AI thoughts at meeting
1 year, 7 months ago

Buffett shares good news on profits, AI thoughts at meeting

Associated Press  

— Billionaire Warren Buffett said artificial intelligence may change the world but new technology won’t take away opportunities for investors and he’s confident America will continue to prosper despite its bitter political divisions. — Buffett said Apple — Berkshire’s biggest stock holding — is a wonderful business because of how devoted consumers are to their iPhones. “But I do understand …

Bill Gates made 2022's biggest charitable donation
1 year, 11 months ago

Bill Gates made 2022's biggest charitable donation

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Bill Gates made 2022’s biggest charitable donation: $5 billion
1 year, 11 months ago

Bill Gates made 2022’s biggest charitable donation: $5 billion

LA Times  

In 2022, Microsoft co-founder Bill Gates gave $5 billion to the Bill & Melinda Gates Foundation to back its work in global health, development, policy and advocacy and U.S. education. A $5-billion donation by Microsoft co-founder Bill Gates to the eponymous foundation he started with his ex-wife was the largest charitable gift of 2022, according to an annual ranking compiled …

Warren Buffett donates $758 million in Berkshire shares
2 years, 1 month ago

Warren Buffett donates $758 million in Berkshire shares

Hindustan Times  

Warren Buffett donated Berkshire Hathaway Inc. stock valued at more than $758 million to charities, including one named after his late wife. Buffett donated 1.5 million Class B shares to the Susan Thompson Buffett Foundation and 300,000 shares each to the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation on Wednesday, according to a filing. Buffett, 92, …

Buffett donates over $750 million to his family charities
2 years, 1 month ago

Buffett donates over $750 million to his family charities

Associated Press  

— Billionaire investor Warren Buffett donated more than $750 million in Berkshire Hathaway stock to the four foundations run by his family Wednesday, but unlike his annual gifts to charity each summer, the recipients didn’t include the Bill & Melinda Gates Foundation. A filing with the Securities and Exchange Commission showed Buffett gave 1.5 million Class B shares in the …

Bill Gates vows to drop off world’s rich list by giving money away - starting with $20bn donation
2 years, 5 months ago

Bill Gates vows to drop off world’s rich list by giving money away - starting with $20bn donation

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “I will move down and eventually …

Bill Gates gives $20 bln gift to his foundation to mitigate global suffering
2 years, 5 months ago

Bill Gates gives $20 bln gift to his foundation to mitigate global suffering

Live Mint  

Billionaire, Bill Gates on Wednesday announced a $20 billion gift to the endowment on Gates Notes. The Bill & Melinda Gates Foundation plans to increase its annual payout by 50% over pre-pandemic levels, to $9 billion annually by 2026. A statement on the Gates Foundation, said, the foundation’s board of trustees is fully aligned with the plan to increase the …

Warren Buffett’s final charity lunch draws record $19M bid
2 years, 6 months ago

Warren Buffett’s final charity lunch draws record $19M bid

Associated Press  

— An anonymous bidder has shelled out a record $19 million for a private lunch with billionaire Warren Buffet at a steakhouse in New York City. This year’s event will be the first private lunch offered with the 91-year-old billionaire since the previous record-setting bid of $4.5 million by cryptocurrency entrepreneur Justin Sun in 2019. “It’s been nothing but good,” …

Warren Buffett gives over $ 4 billion to charity as part of his annual pledge
2 years, 6 months ago

Warren Buffett gives over $ 4 billion to charity as part of his annual pledge

Hindustan Times  

Warren Buffett gave Berkshire Hathaway Inc. shares valued at about $4 billion to charities including the Bill & Melinda Gates Foundation, part of the annual plan he started more than a decade ago. The more than 14 million Berkshire Class B shares were donated to a total of five philanthropies, including ones run by his children, according to a statement …

Elon Musk crowned world's richest man with a net worth of $233.7 billion; Mukesh Ambani is India's richest
2 years, 6 months ago

Elon Musk crowned world's richest man with a net worth of $233.7 billion; Mukesh Ambani is India's richest

Firstpost  

Only two Indians are there in the Forbes real-time billionaire list - Reliance Industries chairman and managing director Mukesh Ambani and Adani Group’s chairman Gautam Adani Tesla and SpaceX CEO Elon Musk continues to be the richest person in the world. According to Forbes real-time billionaires list, Musk’s net worth has risen by $8.2 billion in the last one day, …

Warren Buffett doesn’t believe in Bitcoin, won’t buy it even at $25. Read here
2 years, 7 months ago

Warren Buffett doesn’t believe in Bitcoin, won’t buy it even at $25. Read here

Live Mint  

The billionaire finance guru Warren Buffett, who complained recently that he did not know where to put his money, said cryptocurrencies are not being a productive asset and said he wouldn't buy the whole of bitcoin even for 25 US dollars. Speaking at a Berkshire Hathaway annual shareholder meeting, the billionaire claimed that cryptocurrency is not a productive asset and …

Warren Buffett tells shareholders about spending $51 billion
2 years, 7 months ago

Warren Buffett tells shareholders about spending $51 billion

Associated Press  

— Warren Buffett gave Berkshire Hathaway investors a few details Saturday about how he spent more than $50 billion earlier this year and again reassured them that the company he built will endure long after the 91-year-old billionaire is gone. Buffett said Berkshire was able to take advantage of the fact that Wall Street is largely run like a “gambling …

$15B from Gates, French Gates tops 2021 biggest gift list
2 years, 11 months ago

$15B from Gates, French Gates tops 2021 biggest gift list

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The gift increased the grant …

What Anand Mahindra said as Elon Musk now richer than Bill Gates, Warren Buffett combined
3 years, 2 months ago

What Anand Mahindra said as Elon Musk now richer than Bill Gates, Warren Buffett combined

Live Mint  

Mahindra Group Chairman Anand Mahindra is full of praises for Elon Musk as Tesla CEO's wealth swelled past Bill Gates, Warren Buffett's fortune combined. Elon Musk's net worth is $230 billion as of Tuesday morning, according to the Bloomberg Billionaires Index. Microsoft co-founder Gates sits in fourth place with $131 billion and Warren Buffett is No. Tesla Inc. shares are …

Buffett’s Berkshire stays aggressive with stock repurchases
3 years, 5 months ago

Buffett’s Berkshire stays aggressive with stock repurchases

Associated Press  

— Warren Buffett’s Berkshire Hathaway conglomerate is still aggressively buying back its own stock to make use of some of its huge pile of cash. The latest repurchases were revealed Wednesday when Buffett filed an update on his Berkshire holdings after he donated $4.1 billion worth of stock to five foundations he supports with annual gifts. Berkshire has turned to …

EXPLAINED: How Jamsetji Tata Pipped Gates, Buffett To Top Of Charity List And Why Philanthropy Holds So Many Surprises
3 years, 5 months ago

EXPLAINED: How Jamsetji Tata Pipped Gates, Buffett To Top Of Charity List And Why Philanthropy Holds So Many Surprises

News 18  

With $100 billion you could buy about 240 Boeing 747s, which would easily give you the world’s largest fleet of the aircraft. Or like Jamsetji Tata, the founder of the Tatas’ business empire, you could give that money away in philanthropy to become known to posterity as the most generous giver in the world. While Jamsetji Tata passed away in …

Warren Buffett resigns from Gates Foundation
3 years, 6 months ago

Warren Buffett resigns from Gates Foundation

Associated Press  

NEW YORK — Warren Buffett resigned Wednesday as trustee of the Bill and Melinda Gates Foundation, which says it will announce plans in July to answer questions raised about its leadership structure as it deals with the divorce of its two founders. My goals are 100% in sync with those of the foundation, and my physical participation is in no …

Warren Buffet resigns from Bill and Melinda Gates Foundation
3 years, 6 months ago

Warren Buffet resigns from Bill and Melinda Gates Foundation

Al Jazeera  

Warren Buffett resigned on Wednesday as trustee of the Bill and Melinda Gates Foundation, which says it will announce plans in July to answer questions raised about its leadership structure as it deals with the divorce of its two founders. My goals are 100% in sync with those of the foundation, and my physical participation is in no way needed …

Why Bill Gates' children won’t inherit billions
3 years, 7 months ago

Why Bill Gates' children won’t inherit billions

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Gates said that they would still work …

Warren Buffett says US economy’s unexpected strength benefits Berkshire Hathaway
3 years, 7 months ago

Warren Buffett says US economy’s unexpected strength benefits Berkshire Hathaway

Live Mint  

Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a U.S. economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making it hard to deploy cash. Speaking at Berkshire's annual meeting, Buffett said the economy has been "resurrected in an extraordinarily effective way" by monetary stimulus from the Federal …

Buffett’s Berkshire opposes shareholders’ climate change, diversity proposals
3 years, 9 months ago

Buffett’s Berkshire opposes shareholders’ climate change, diversity proposals

Live Mint  

Warren Buffett's Berkshire Hathaway Inc on Monday urged the rejection of shareholder proposals that annual reports be produced about its efforts to address climate change and promote diversity and inclusion. Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee Berkshire's non-insurance and insurance operations and whose pay Buffett sets, were each awarded $19 million, unchanged from 2019. Berkshire's dozens …

Warren Buffett's Fortune Tops $100 Billion After His Stock Hit Record High
3 years, 9 months ago

Warren Buffett's Fortune Tops $100 Billion After His Stock Hit Record High

News 18  

Investor Warren Buffett’s fortune surged above $100 billion Wednesday when shares of his company hit a record high at over $400,000 apiece. Berkshire’s shares have generally been increasing over the past two weeks since Buffett released his annual letter to shareholders late last month. Buffett’s fortune, which is mostly tied to his ownership of 248,734 Class A shares, topped $101 …

Warren Buffett loses spot on wealth list to China’s Zhong Shanshan
3 years, 11 months ago

Warren Buffett loses spot on wealth list to China’s Zhong Shanshan

Live Mint  

Zhong Shanshan is setting new wealth records. The chairman of Nongfu Spring Co., a bottled-water company that’s ubiquitous in China, is now richer than Warren Buffett as his fortune surged $13.5 billion since the start of the year to $91.7 billion on Tuesday, according to the Bloomberg Billionaires Index. Nicknamed locally as the “Lone Wolf” for avoiding involvement in clubby …

Amazon's Bezos tops list of richest charitable gifts in 2020
3 years, 11 months ago

Amazon's Bezos tops list of richest charitable gifts in 2020

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The world's richest person made …

Warren Buffett likes stocks again
4 years, 1 month ago

Warren Buffett likes stocks again

Live Mint  

Warren Buffett is a living, breathing billionaire, but he’s also a leading economic indicator. A filing late Monday showed that in the latest period Berkshire Hathaway bought a handful of U.S. pharmaceutical giants: AbbVie Inc., Bristol-Myers Squibb Co., Merck & Co. and Pfizer Inc. Even so, my colleague Max Nisen tells me that Buffett’s pharma bets likely aren’t entirely vaccine-related, …

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