Berkshire Stock Hits New High, Moving on From Buffettโs Exit
Berkshire Hathaway Inc. investors are moving on after the departure of the firmโs legendary leader Warren Buffett, as shares hit a new high Wednesday.
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Berkshire Hathaway Inc. investors are moving on after the departure of the firmโs legendary leader Warren Buffett, as shares hit a new high Wednesday.
Warren Buffett, chairman emeritus of Berkshire Hathaway, is worth $150 billion, according to the Bloomberg Billionaires Index. Until recently, a longtime favorite of his, Bill Gates, was taking care of giving most of the money away through his behemoth global foundation. Then came the revelations about Gatesโ relationship with Jeffrey Epstein. Now, it's Buffett's three children that will inherit the task of distributing his enormous wealth. Bloomberg News' Wealth Reporter Sophie Alexander and US Insurance Reporter Alex Rajbhandari spoke with Susie, Howard, and Peter about their plans for their Dad's legacy. (Source: Bloomberg)
Warren Buffettโs three children are preparing to take responsibility for one of the worldโs biggest fortunes. Buffett is worth about $150 billion and has pledged to give away the vast majority of his wealth. When he dies, Susie, Howard and Peter Buffett will have to agree unanimously on how to give away what remains. The siblings already back very different causes, from early education to food security and conflict mitigation. But they still havenโt decided how theyโll distribute the fortune, with Susie Buffett saying: โWe donโt know yet.โ Charlie Wells joins Caroline Hepker and Stephen Carroll on Bloomberg Radio to discuss. (Source: Bloomberg)
Warren Buffett is worth an estimated $150 billion. He's also promised to divest himself of his vast wealth before he dies. Except it's hard when the pot keeps growing. So his three children are stepping in to spread it around. Alexandre Rajbhandari explains (Source: Bloomberg)
China is betting that patient capital, rather than quick trades, will define its next phase of growth โ a wager that has taken on new resonance since Warren Buffett stepped down last week after growing Berkshire Hathaway into a US$1 trillion empire over six decades. And as global investors watch this weekโs US-China leadership summit for any sign of easing friction, one question is whether Beijingโs version of Buffettโs value-investing legacy can help Wall Street regain its appetite for Chinese...